FMR is below market; voucher rent may lag private rents.
0.66
1 BR
1 BR- 29045
0.73ratio
FMR$1,190
Market$1,630
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR- 29045
0.79ratio
FMR$1,330
Market$1,680
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 29045
0.87ratio
FMR$1,640
Market$1,890
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 29045
0.92ratio
FMR$1,980
Market$2,150
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.92
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Elgin, SC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Elgin, SC is $1,330 a month. That is down 7.0% from $1,430 in FY 2026. Elgin is in the Columbia, SC HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,226. The median county two-bedroom FMR in South Carolina is $1,098, so Elgin is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Elgin, SC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,180
$1,130
−4.2%
$1,017–$1,243
1BR
$1,240
$1,190
−4.0%
$1,071–$1,309
2BR
$1,430
$1,330
−7.0%
$1,197–$1,463
3BR
$1,760
$1,640
−6.8%
$1,476–$1,804
4BR
$2,100
$1,980
−5.7%
$1,782–$2,178
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Elgin, SC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,130
$1,190
$1,330
$1,640
$1,980
FY 2026
$1,180
$1,240
$1,430
$1,760
$2,100
FY 2025
$1,130
$1,190
$1,400
$1,730
$2,000
FY 2024
$1,140
$1,180
$1,390
$1,740
$2,050
FY 2023
$1,070
$1,100
$1,250
$1,630
$1,960
Questions about Elgin, SC rents
How much will Section 8 pay for a two-bedroom in Elgin, SC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,226, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,103 to $1,349 a month; under the ZIP-level Small Area FMR of $1,330 it would be $1,197 to $1,463. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Elgin, SC in?
Elgin, SC is in the Columbia, SC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,226.
How much did fair market rent change in Elgin, SC for FY 2027?
The two-bedroom FMR fell 7.0%, from $1,430 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 6.4%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set