FMR is near market; voucher and private rents are aligned.
0.95
1 BR
1 BR- 29560
0.92ratio
FMR$860
Market$930
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 29560
1.05ratio
FMR$1,010
Market$960
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.05
3 BR
3 BR- 29560
1.29ratio
FMR$1,300
Market$1,010
vs market+$290
FMR is above market; underwrite to market rent.
1.29
4 BR
4 BR- 29560
1.34ratio
FMR$1,430
Market$1,070
vs market+$360
FMR is above market; underwrite to market rent.
1.34
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
--
Lake City, SC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lake City, SC is $1,010 a month. That is up 5.2% from $960 in FY 2026. Lake City is in the Florence, 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 $1,121. The median county two-bedroom FMR in South Carolina is $1,098, so Lake City is 8% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lake City, SC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$780
$860
+10.3%
$774–$946
1BR
$780
$860
+10.3%
$774–$946
2BR
$960
$1,010
+5.2%
$909–$1,111
3BR
$1,230
$1,300
+5.7%
$1,170–$1,430
4BR
$1,320
$1,430
+8.3%
$1,287–$1,573
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lake City, SC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$860
$860
$1,010
$1,300
$1,430
FY 2026
$780
$780
$960
$1,230
$1,320
FY 2025
$740
$750
$930
$1,190
$1,300
FY 2024
$700
$710
$910
$1,150
$1,240
FY 2023
$610
$620
$810
$1,020
$1,100
Questions about Lake City, SC rents
How much will Section 8 pay for a two-bedroom in Lake City, SC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,121, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,009 to $1,233 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 Lake City, SC in?
Lake City, SC is in the Florence, SC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,121.
How much did fair market rent change in Lake City, SC for FY 2027?
The two-bedroom FMR rose 5.2%, from $960 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 24.7%.
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