FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 19944
0.82ratio
FMR$1,220
Market$1,490
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 19944
0.78ratio
FMR$1,590
Market$2,050
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 19944
0.83ratio
FMR$1,970
Market$2,360
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.83
4 BR
4 BR- 19944
0.89ratio
FMR$2,380
Market$2,660
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.89
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
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Fenwick Island, DE fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Fenwick Island, DE is $1,590 a month. That is up 3.2% from $1,540 in FY 2026. Fenwick Island is in the Sussex County, DE non-metropolitan 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 county-wide two-bedroom FMR of $1,498. The median county two-bedroom FMR in Delaware is $1,629, so Fenwick Island is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Fenwick Island, DE
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,180
$1,220
+3.4%
$1,098–$1,342
1BR
$1,190
$1,220
+2.5%
$1,098–$1,342
2BR
$1,540
$1,590
+3.2%
$1,431–$1,749
3BR
$1,960
$1,970
+0.5%
$1,773–$2,167
4BR
$2,400
$2,380
−0.8%
$2,142–$2,618
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Fenwick Island, DE
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,220
$1,220
$1,590
$1,970
$2,380
FY 2026
$1,180
$1,190
$1,540
$1,960
$2,400
FY 2025
$1,170
$1,210
$1,560
$1,990
$2,450
FY 2024
$1,010
$1,080
$1,380
$1,790
$2,170
FY 2023
$810
$880
$1,140
$1,510
$1,830
Questions about Fenwick Island, DE rents
How much will Section 8 pay for a two-bedroom in Fenwick Island, DE?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,498, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,348 to $1,648 a month; under the ZIP-level Small Area FMR of $1,590 it would be $1,431 to $1,749. 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 Fenwick Island, DE in?
Fenwick Island, DE is in the Sussex County, DE non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,498.
How much did fair market rent change in Fenwick Island, DE for FY 2027?
The two-bedroom FMR rose 3.2%, from $1,540 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 39.5%.
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