FMR is near market; voucher and private rents are aligned.
0.97
1 BR
1 BR
1.11ratio
FMR$1,020
Market$920
vs market+$100
FMR is above market; underwrite to market rent.
1.11
2 BR
2 BR
1.23ratio
FMR$1,340
Market$1,090
vs market+$250
FMR is above market; underwrite to market rent.
1.23
3 BR
3 BR
1.08ratio
FMR$1,600
Market$1,480
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR
1.07ratio
FMR$2,060
Market$1,930
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.07
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 29151 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29151 (Sumter, SC) is $1,340 a month. That is up 4.7% from $1,280 in FY 2026. Sumter is in the Sumter, SC MSA. 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 $1,338. Among 17 ZIP codes in Sumter County, 29151 has the 3rd-highest two-bedroom rent (county range $890–$1,720). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29151 is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29151
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$930
+5.7%
$837–$1,023
1BR
$980
$1,020
+4.1%
$918–$1,122
2BR
$1,280
$1,340
+4.7%
$1,206–$1,474
3BR
$1,530
$1,600
+4.6%
$1,440–$1,760
4BR
$1,880
$2,060
+9.6%
$1,854–$2,266
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29151
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$1,020
$1,340
$1,600
$2,060
FY 2026
$880
$980
$1,280
$1,530
$1,880
FY 2025
$840
$950
$1,220
$1,470
$1,710
FY 2024
$790
$940
$1,170
$1,410
$1,560
FY 2023
$660
$800
$980
$1,190
$1,340
Two-bedroom rent in nearby Sumter County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29151?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,338, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,204 to $1,472 a month; under the ZIP-level Small Area FMR of $1,340 it would be $1,206 to $1,474. 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 29151 in?
ZIP 29151 is in the Sumter, SC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,338.
How much did fair market rent change in ZIP 29151 for FY 2027?
The two-bedroom FMR rose 4.7%, from $1,280 in FY 2026 to $1,340 in FY 2027. Since FY 2023 it has risen 36.7%.
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