For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29404 (Charleston Afb, SC) is $2,260 a month. That is up 4.6% from $2,160 in FY 2026. Charleston Afb 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. Among 42 ZIP codes in Charleston County, 29404 has the 9th-highest two-bedroom rent (county range $1,220–$2,830). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29404 is 106% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29404
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,880
$1,990
+5.9%
$1,791–$2,189
1BR
$1,970
$2,080
+5.6%
$1,872–$2,288
2BR
$2,160
$2,260
+4.6%
$2,034–$2,486
3BR
$2,690
$2,800
+4.1%
$2,520–$3,080
4BR
$3,100
$3,220
+3.9%
$2,898–$3,542
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29404
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,990
$2,080
$2,260
$2,800
$3,220
FY 2026
$1,880
$1,970
$2,160
$2,690
$3,100
FY 2025
$1,980
$2,060
$2,280
$2,820
$3,320
FY 2024
$1,810
$1,860
$2,090
$2,590
$3,140
FY 2023
$1,770
$1,810
$2,040
$2,540
$3,190
Two-bedroom rent in nearby Charleston County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29404?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,260, that basic range is $2,034 to $2,486 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 ZIP 29404 in?
ZIP 29404 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 ZIP 29404 for FY 2027?
The two-bedroom FMR rose 4.6%, from $2,160 in FY 2026 to $2,260 in FY 2027. Since FY 2023 it has risen 10.8%.
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