FY2027 Small Area FMR · Fort Mill, SC
ZIP 29707 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29707 (Fort Mill, SC) is $1,600 a month, up 5.3% from FY2026. That is 50% above the Lancaster County, SC area-wide FMR of $1,069.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 29707 sits in the Lancaster County, SC area
Of the 6 ZIP codes HUD lists for the area, 29707 has the 1st highest two-bedroom Small Area FMR. Lancaster County, SC is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,069 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,600 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,410 | $1,269 – $1,551 | $943 | $1,320 |
| 1 bedroom | $1,470 | $1,323 – $1,617 | $982 | $1,390 |
| 2 bedrooms | $1,600 | $1,440 – $1,760 | $1,069 | $1,520 |
| 3 bedrooms | $2,190 | $1,971 – $2,409 | $1,466 | $2,080 |
| 4 bedrooms | $2,670 | $2,403 – $2,937 | $1,787 | $2,550 |
A household renting a two-bedroom home at the Small Area FMR of $1,600 needs about $64,000 a year to keep housing costs at 30% of income. The area median family income is $113,900 and the 80% low-income limit for four people is $82,000. ZIP code 29707 lies mainly in Lancaster County. See the Lancaster County, SC county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 29707?
HUD's FY2027 Small Area Fair Market Rents for 29707 are $1,410 (studio), $1,470 (1 BR), $1,600 (2 BR), $2,190 (3 BR) and $2,670 (4 BR) a month.
What is the Section 8 payment standard in 29707?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29707 that range is $1,440 to $1,760 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 29707?
The FY2026 income limits of the Lancaster County, SC area apply: median family income $113,900, low-income (80%) limit $82,000 for a family of four.