FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR
0.95ratio
FMR$750
Market$790
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR
0.94ratio
FMR$910
Market$970
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR
0.77ratio
FMR$1,080
Market$1,400
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.77
4 BR
4 BR
0.79ratio
FMR$1,200
Market$1,520
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.79
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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ZIP 29116 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29116 (Orangeburg, SC) is $910 a month. That is unchanged from FY 2026. Orangeburg is in the Orangeburg County, SC non-metropolitan 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 county-wide two-bedroom FMR of $906. Among 25 ZIP codes in Orangeburg County, 29116 has the 18th-highest two-bedroom rent (county range $890–$1,190). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29116 is 17% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29116
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$720
$660
−8.3%
$594–$726
1BR
$750
$750
0.0%
$675–$825
2BR
$910
$910
0.0%
$819–$1,001
3BR
$1,090
$1,080
−0.9%
$972–$1,188
4BR
$1,200
$1,200
0.0%
$1,080–$1,320
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29116
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$660
$750
$910
$1,080
$1,200
FY 2026
$720
$750
$910
$1,090
$1,200
FY 2025
$790
$790
$950
$1,140
$1,260
FY 2024area FMR
$807
$825
$957
$1,172
$1,356
FY 2023area FMR
$676
$691
$780
$989
$1,212
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Orangeburg County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29116?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $906, which applies unless the housing authority uses Small Area FMRs, that basic range is $815 to $997 a month; under the ZIP-level Small Area FMR of $910 it would be $819 to $1,001. 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 ZIP 29116 in?
ZIP 29116 is in the Orangeburg County, SC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $906.
How much did fair market rent change in ZIP 29116 for FY 2027?
The two-bedroom FMR was unchanged at $910 in FY 2027. Since FY 2025 it has fallen 4.2%.
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