FY2027 Small Area FMR · Charleston, SC

ZIP 29402 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29402 (Charleston, SC) is $1,910 a month, up 4.9% from FY2026. That is 1% above the Charleston-North Charleston, SC area-wide FMR of $1,884.

2-bedroom SAFMR$1,910per month ▲ 4.9%

Area-wide 2 BR FMR$1,884Charleston-North Charleston,

Rank in the area18thof 62 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,719

2 BR Small Area FMR$1,910

110% of SAFMR$2,101

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,680▲ 5.7%

1 BR$1,750▲ 5.4%

2 BR$1,910▲ 4.9%

3 BR$2,370▲ 4.9%

4 BR$2,720▲ 4.2%

FY2027 FY2026

Where 29402 sits in the Charleston-North Charleston, SC area

Of the 62 ZIP codes HUD lists for the area, 29402 has the 18th highest two-bedroom Small Area FMR. Charleston-North Charleston, SC is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,719 and $2,101 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,680	$1,512 – $1,848	$1,661	$1,590
1 bedroom	$1,750	$1,575 – $1,925	$1,731	$1,660
2 bedrooms	$1,910	$1,719 – $2,101	$1,884	$1,820
3 bedrooms	$2,370	$2,133 – $2,607	$2,336	$2,260
4 bedrooms	$2,720	$2,448 – $2,992	$2,687	$2,610

A household renting a two-bedroom home at the Small Area FMR of $1,910 needs about $76,400 a year to keep housing costs at 30% of income. The area median family income is $117,500 and the 80% low-income limit for four people is $94,000. ZIP code 29402 lies mainly in Charleston County. See the Charleston-North Charleston, SC metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
29401	Charleston	0.1 mi	$2,400
29424	Charleston	0.6 mi	$2,320
29425	Charleston	1.2 mi	$1,910
29403	Charleston	2.1 mi	$2,190
29409	Charleston	2.2 mi	$2,190
29407	Charleston	4.2 mi	$1,910

Questions

What is the Fair Market Rent for ZIP code 29402?

HUD's FY2027 Small Area Fair Market Rents for 29402 are $1,680 (studio), $1,750 (1 BR), $1,910 (2 BR), $2,370 (3 BR) and $2,720 (4 BR) a month.

What is the Section 8 payment standard in 29402?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29402 that range is $1,719 to $2,101 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29402?

The FY2026 income limits of the Charleston-North Charleston, SC area apply: median family income $117,500, low-income (80%) limit $94,000 for a family of four.