FMR is below market; voucher rent may lag private rents.
0.49
1 BR
1 BR- 29487
0.51ratio
FMR$1,530
Market$2,990
vs market-$1,460
FMR is below market; voucher rent may lag private rents.
0.51
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Wadmalaw Island, SC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wadmalaw Island, SC is $1,670 a month. That is down 1.2% from $1,690 in FY 2026. Wadmalaw 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 Wadmalaw Island is 52% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wadmalaw Island, SC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,460
−0.7%
$1,314–$1,606
1BR
$1,540
$1,530
−0.6%
$1,377–$1,683
2BR
$1,690
$1,670
−1.2%
$1,503–$1,837
3BR
$2,100
$2,070
−1.4%
$1,863–$2,277
4BR
$2,420
$2,380
−1.7%
$2,142–$2,618
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wadmalaw Island, SC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,460
$1,530
$1,670
$2,070
$2,380
FY 2026
$1,470
$1,540
$1,690
$2,100
$2,420
FY 2025
$1,510
$1,570
$1,740
$2,160
$2,540
FY 2024
$1,270
$1,300
$1,460
$1,810
$2,190
FY 2023
$1,220
$1,250
$1,410
$1,750
$2,200
Questions about Wadmalaw Island, SC rents
How much will Section 8 pay for a two-bedroom in Wadmalaw Island, SC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,670, that basic range is $1,503 to $1,837 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 Wadmalaw Island, SC in?
Wadmalaw 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 Wadmalaw Island, SC for FY 2027?
The two-bedroom FMR fell 1.2%, from $1,690 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 18.4%.
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