FY2027 Small Area FMR · Mount Carmel, SC

ZIP 29840 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29840 (Mount Carmel, SC) is $960 a month, up 1.1% from FY2026. That is 8% above the McCormick County, SC area-wide FMR of $885.

2-bedroom SAFMR$960per month ▲ 1.1%

Area-wide 2 BR FMR$885McCormick County, SC

Rank in the area9thof 11 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$864

2 BR Small Area FMR$960

110% of SAFMR$1,056

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$710▼ 1.4%

1 BR$780▲ 4.0%

2 BR$960▲ 1.1%

3 BR$1,270▲ 2.4%

4 BR$1,330▲ 2.3%

FY2027 FY2026

Where 29840 sits in the McCormick County, SC area

Of the 11 ZIP codes HUD lists for the area, 29840 has the 9th highest two-bedroom Small Area FMR. McCormick 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 $885 for two bedrooms; an agency that opts in to Small Area FMRs would use $960 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$710	$639 – $781	$648	$720
1 bedroom	$780	$702 – $858	$677	$750
2 bedrooms	$960	$864 – $1,056	$885	$950
3 bedrooms	$1,270	$1,143 – $1,397	$1,189	$1,240
4 bedrooms	$1,330	$1,197 – $1,463	$1,194	$1,300

A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 a year to keep housing costs at 30% of income. The area median family income is $83,800 and the 80% low-income limit for four people is $67,050. ZIP code 29840 lies mainly in McCormick County. See the McCormick County, SC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
29628	Calhoun Falls	6.1 mi	$890
30668	Tignall	12.7 mi	$1,090
29620	Abbeville	13.3 mi	$1,060
29835	Mc Cormick	14.6 mi	$1,000
29659	Lowndesville	15.7 mi	$890
29899	Mc Cormick	16.4 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 29840?

HUD's FY2027 Small Area Fair Market Rents for 29840 are $710 (studio), $780 (1 BR), $960 (2 BR), $1,270 (3 BR) and $1,330 (4 BR) a month.

What is the Section 8 payment standard in 29840?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29840 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29840?

The FY2026 income limits of the McCormick County, SC area apply: median family income $83,800, low-income (80%) limit $67,050 for a family of four.