FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 29451
0.89ratio
FMR$3,510
Market$3,950
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR- 29451
0.94ratio
FMR$4,040
Market$4,310
vs market-$270
FMR is near market; voucher and private rents are aligned.
0.94
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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Isle of Palms, SC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Isle of Palms, SC is $2,830 a month. That is up 5.6% from $2,680 in FY 2026. Isle of Palms is in the Charleston-North Charleston, SC MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in South Carolina is $1,098, so Isle of Palms is 158% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Isle of Palms, SC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,330
$2,500
+7.3%
$2,250–$2,750
1BR
$2,440
$2,600
+6.6%
$2,340–$2,860
2BR
$2,680
$2,830
+5.6%
$2,547–$3,113
3BR
$3,330
$3,510
+5.4%
$3,159–$3,861
4BR
$3,840
$4,040
+5.2%
$3,636–$4,444
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Isle of Palms, SC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,500
$2,600
$2,830
$3,510
$4,040
FY 2026
$2,330
$2,440
$2,680
$3,330
$3,840
FY 2025
$2,370
$2,470
$2,730
$3,380
$3,980
FY 2024
$2,080
$2,140
$2,400
$2,970
$3,610
FY 2023
$1,990
$2,040
$2,300
$2,860
$3,600
Questions about Isle of Palms, SC rents
How much will Section 8 pay for a two-bedroom in Isle of Palms, SC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,830, that basic range is $2,547 to $3,113 a month. 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 Isle of Palms, SC in?
Isle of Palms, SC is in the Charleston-North Charleston, SC MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Isle of Palms, SC for FY 2027?
The two-bedroom FMR rose 5.6%, from $2,680 in FY 2026 to $2,830 in FY 2027. Since FY 2023 it has risen 23.0%.
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