FY2027 Small Area FMR · Isle Of Palms, SC

ZIP 29451 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29451 (Isle Of Palms, SC) is $2,830 a month, up 5.6% from FY2026. That is 50% above the Charleston-North Charleston, SC area-wide FMR of $1,884.

2-bedroom SAFMR$2,830per month ▲ 5.6%

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

Rank in the area1stof 62 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,547

2 BR Small Area FMR$2,830

110% of SAFMR$3,113

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

Studio$2,500▲ 7.3%

1 BR$2,600▲ 6.6%

2 BR$2,830▲ 5.6%

3 BR$3,510▲ 5.4%

4 BR$4,040▲ 5.2%

FY2027 FY2026

Where 29451 sits in the Charleston-North Charleston, SC area

Of the 62 ZIP codes HUD lists for the area, 29451 has the 1st 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 $2,547 and $3,113 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,500	$2,250 – $2,750	$1,661	$2,330
1 bedroom	$2,600	$2,340 – $2,860	$1,731	$2,440
2 bedrooms	$2,830	$2,547 – $3,113	$1,884	$2,680
3 bedrooms	$3,510	$3,159 – $3,861	$2,336	$3,330
4 bedrooms	$4,040	$3,636 – $4,444	$2,687	$3,840

A household renting a two-bedroom home at the Small Area FMR of $2,830 needs about $113,200 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 29451 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
29466	Mount Pleasant	4.4 mi	$2,770
29464	Mount Pleasant	6.0 mi	$2,430
29482	Sullivans Island	7.2 mi	$2,460
29492	Charleston	10.3 mi	$2,400
29401	Charleston	10.8 mi	$2,400
29424	Charleston	10.9 mi	$2,320

Questions

What is the Fair Market Rent for ZIP code 29451?

HUD's FY2027 Small Area Fair Market Rents for 29451 are $2,500 (studio), $2,600 (1 BR), $2,830 (2 BR), $3,510 (3 BR) and $4,040 (4 BR) a month.

What is the Section 8 payment standard in 29451?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29451 that range is $2,547 to $3,113 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29451?

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.