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Gaston, SC

CitySAFMR
Lexington County
Found 1 ZIP

City Median Investment Score

125Above average

095130300
BRFMR
Eff. Rent
0 BR$930$1,020
1 BR$1,050$1,100
2 BR$1,150$1,190
3 BR$1,470$1,490
4 BR$1,720$1,790
5 BR$1,978Not available
6 BR$2,275Not available
7 BR$2,616Not available
8 BR$3,008Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMR$1,150
Market rent$1,210
Est. payment standard (103%)Used$1,190
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.76
1 BR
0.94
2 BR
0.95
3 BR
0.98
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Gaston, SC fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Gaston, SC is $1,150 a month. That is down 1.7% from $1,170 in FY 2026. Gaston 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 Gaston is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Gaston, SC
BedroomsFY 2027Change90–110% range
Studio$930−3.1%$837–$1,023
1BR$1,050−0.9%$945–$1,155
2BR$1,150−1.7%$1,035–$1,265
3BR$1,470−2.0%$1,323–$1,617
4BR$1,720−4.4%$1,548–$1,892

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Gaston, SC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$1,050$1,150$1,470$1,720
FY 2026$960$1,060$1,170$1,500$1,800
FY 2025$940$1,030$1,140$1,450$1,750
FY 2024$930$1,000$1,120$1,430$1,720
FY 2023$860$900$1,020$1,310$1,560

Questions about Gaston, SC rents

How much will Section 8 pay for a two-bedroom in Gaston, 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 $1,150 it would be $1,035 to $1,265. 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 Gaston, SC in?

Gaston, 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 Gaston, SC for FY 2027?

The two-bedroom FMR fell 1.7%, from $1,170 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has risen 12.7%.

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