FMR is near market; voucher and private rents are aligned.
1.06
1 BR
1 BR
1.14ratio
FMR$1,590
Market$1,400
vs market+$190
FMR is above market; underwrite to market rent.
1.14
2 BR
2 BR
1.11ratio
FMR$1,730
Market$1,560
vs market+$170
FMR is above market; underwrite to market rent.
1.11
3 BR
3 BR
1.01ratio
FMR$2,150
Market$2,120
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR
1.06ratio
FMR$2,470
Market$2,330
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.06
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 29484 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29484 (Summerville, SC) is $1,730 a month. That is up 4.8% from $1,650 in FY 2026. Summerville 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 17 ZIP codes in Dorchester County, 29484 has the 5th-highest two-bedroom rent (county range $1,170–$2,150). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29484 is 58% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29484
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,440
$1,530
+6.3%
$1,377–$1,683
1BR
$1,510
$1,590
+5.3%
$1,431–$1,749
2BR
$1,650
$1,730
+4.8%
$1,557–$1,903
3BR
$2,050
$2,150
+4.9%
$1,935–$2,365
4BR
$2,370
$2,470
+4.2%
$2,223–$2,717
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29484
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,530
$1,590
$1,730
$2,150
$2,470
FY 2026
$1,440
$1,510
$1,650
$2,050
$2,370
FY 2025
$1,470
$1,530
$1,690
$2,090
$2,460
FY 2024
$1,320
$1,350
$1,520
$1,880
$2,280
FY 2023
$1,270
$1,300
$1,470
$1,830
$2,300
Two-bedroom rent in nearby Dorchester County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29484?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 29484 in?
ZIP 29484 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 29484 for FY 2027?
The two-bedroom FMR rose 4.8%, from $1,650 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 17.7%.
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