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FY2017 Hypothetical Small Area FMRs For Fairfield County, SC

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Fairfield County is part of the Columbia, SC MSA.

Fairfield County, SC Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
29014 $580 $670 $770 $1,020 $1,310 0.873
29015 $450 $580 $670 $880 $1,110 0.579
29016 $700 $890 $1,030 $1,350 $1,700 1.184
29031 $460 $550 $670 $890 $1,040 0.872
29055 $560 $620 $720 $950 $1,230 0.816
29065 $460 $590 $680 $890 $1,120 0.788
29130 $520 $660 $760 $1,000 $1,260 0.874
29180 $470 $600 $690 $910 $1,140 0.789

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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