FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR- 29482
0.82ratio
FMR$2,250
Market$2,740
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 29482
0.81ratio
FMR$2,460
Market$3,020
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR- 29482
0.62ratio
FMR$3,040
Market$4,880
vs market-$1,840
FMR is below market; voucher rent may lag private rents.
0.62
4 BR
4 BR- 29482
0.69ratio
FMR$3,510
Market$5,110
vs market-$1,600
FMR is below market; voucher rent may lag private rents.
0.69
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
--
Sullivans Island, SC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Sullivans Island, SC is $2,460 a month. That is down 3.1% from $2,540 in FY 2026. Sullivans Island 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 Sullivans Island is 124% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Sullivans Island, SC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,210
$2,160
−2.3%
$1,944–$2,376
1BR
$2,320
$2,250
−3.0%
$2,025–$2,475
2BR
$2,540
$2,460
−3.1%
$2,214–$2,706
3BR
$3,160
$3,040
−3.8%
$2,736–$3,344
4BR
$3,640
$3,510
−3.6%
$3,159–$3,861
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Sullivans Island, SC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,160
$2,250
$2,460
$3,040
$3,510
FY 2026
$2,210
$2,320
$2,540
$3,160
$3,640
FY 2025
$2,160
$2,250
$2,490
$3,080
$3,630
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 Sullivans Island, SC rents
How much will Section 8 pay for a two-bedroom in Sullivans Island, SC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,460, that basic range is $2,214 to $2,706 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 Sullivans Island, SC in?
Sullivans Island, 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 Sullivans Island, SC for FY 2027?
The two-bedroom FMR fell 3.1%, from $2,540 in FY 2026 to $2,460 in FY 2027. Since FY 2023 it has risen 7.0%.
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