FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR- 29063
1.18ratio
FMR$1,540
Market$1,310
vs market+$230
FMR is above market; underwrite to market rent.
1.18
2 BR
2 BR- 29063
1.12ratio
FMR$1,680
Market$1,500
vs market+$180
FMR is above market; underwrite to market rent.
1.12
3 BR
3 BR- 29063
1.25ratio
FMR$2,120
Market$1,700
vs market+$420
FMR is above market; underwrite to market rent.
1.25
4 BR
4 BR- 29063
1.18ratio
FMR$2,400
Market$2,030
vs market+$370
FMR is above market; underwrite to market rent.
1.18
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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Irmo, SC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Irmo, SC is $1,680 a month. That is down 2.9% from $1,730 in FY 2026. Irmo 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 Irmo is 53% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Irmo, SC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,360
−2.9%
$1,224–$1,496
1BR
$1,580
$1,540
−2.5%
$1,386–$1,694
2BR
$1,730
$1,680
−2.9%
$1,512–$1,848
3BR
$2,200
$2,120
−3.6%
$1,908–$2,332
4BR
$2,590
$2,400
−7.3%
$2,160–$2,640
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Irmo, SC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,360
$1,540
$1,680
$2,120
$2,400
FY 2026
$1,400
$1,580
$1,730
$2,200
$2,590
FY 2025
$1,420
$1,560
$1,730
$2,210
$2,650
FY 2024
$1,370
$1,470
$1,650
$2,110
$2,540
FY 2023
$1,250
$1,320
$1,490
$1,910
$2,280
Questions about Irmo, SC rents
How much will Section 8 pay for a two-bedroom in Irmo, 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 $1,680 it would be $1,512 to $1,848. 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 Irmo, SC in?
Irmo, 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 Irmo, SC for FY 2027?
The two-bedroom FMR fell 2.9%, from $1,730 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 12.8%.
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