FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR
0.72ratio
FMR$2,010
Market$2,810
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR
0.63ratio
FMR$2,190
Market$3,460
vs market-$1,270
FMR is below market; voucher rent may lag private rents.
0.63
3 BR
3 BR
0.60ratio
FMR$2,720
Market$4,500
vs market-$1,780
FMR is below market; voucher rent may lag private rents.
0.60
4 BR
4 BR
0.60ratio
FMR$3,120
Market$5,200
vs market-$2,080
FMR is below market; voucher rent may lag private rents.
0.60
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 29409 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29409 (Charleston, SC) is $2,190 a month. That is unchanged from FY 2026. Charleston 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, 29409 is tied for the 10th-highest two-bedroom rent (county range $1,220–$2,830). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29409 is 100% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29409
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,910
$1,930
+1.0%
$1,737–$2,123
1BR
$2,000
$2,010
+0.5%
$1,809–$2,211
2BR
$2,190
$2,190
0.0%
$1,971–$2,409
3BR
$2,720
$2,720
0.0%
$2,448–$2,992
4BR
$3,140
$3,120
−0.6%
$2,808–$3,432
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29409
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,930
$2,010
$2,190
$2,720
$3,120
FY 2026
$1,910
$2,000
$2,190
$2,720
$3,140
FY 2025
$1,970
$2,050
$2,270
$2,810
$3,310
FY 2024
$1,760
$1,810
$2,030
$2,510
$3,050
FY 2023
$1,730
$1,770
$2,000
$2,490
$3,130
Two-bedroom rent in nearby Charleston County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29409?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,190, that basic range is $1,971 to $2,409 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 29409 in?
ZIP 29409 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 29409 for FY 2027?
The two-bedroom FMR was unchanged at $2,190 in FY 2027. Since FY 2023 it has risen 9.5%.
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