Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Richland, SC fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Richland, SC is $894 a month. That is down 5.0% from $941 in FY 2026. Richland is in the Oconee County, SC non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in South Carolina is $1,098, so Richland is 19% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Richland, SC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$712
$650
−8.7%
$585–$715
1BR
$717
$683
−4.7%
$615–$751
2BR
$941
$894
−5.0%
$805–$983
3BR
$1,153
$1,090
−5.5%
$981–$1,199
4BR
$1,337
$1,204
−9.9%
$1,084–$1,324
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Richland, SC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$650
$683
$894
$1,090
$1,204
FY 2026
$712
$717
$941
$1,153
$1,337
FY 2025
$715
$745
$977
$1,203
$1,381
FY 2024
$670
$752
$988
$1,215
$1,348
FY 2023
$558
$634
$835
$1,055
$1,122
Questions about Richland, SC rents
How much will Section 8 pay for a two-bedroom in Richland, SC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $894, that basic range is $805 to $983 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 Richland, SC in?
Richland, SC is in the Oconee County, SC non-metropolitan FMR area.
How much did fair market rent change in Richland, SC for FY 2027?
The two-bedroom FMR fell 5.0%, from $941 in FY 2026 to $894 in FY 2027. Since FY 2023 it has risen 7.1%.
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 Fair Market Rents. 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