HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Oconee County, South Carolina (FY 2027)
A two-bedroom in Oconee County carries a FY 2027 Fair Market Rent of $894 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Oconee keys off that figure.
Two-bedroom FMR
$894
-5.0% from FY 2026
Payment standard
$805–$983
90% to 110% of the FMR, two-bedroom
Income to afford
$35,760
a year, with rent at 30% of income
Rank in South Carolina
31st of 46
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $650 | $585–$715 | $26,000 | $12.50/hr | -8.7% |
| 1 bedroom | $683 | $615–$751 | $27,320 | $13.13/hr | -4.7% |
| 2 bedroom | $894 | $805–$983 | $35,760 | $17.19/hr | -5.0% |
| 3 bedroom | $1,090 | $981–$1,199 | $43,600 | $20.96/hr | -5.5% |
| 4 bedroom | $1,204 | $1,084–$1,324 | $48,160 | $23.15/hr | -9.9% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,385 | $1,247–$1,524 |
| 6 bedroom Estimate | $1,565 | $1,409–$1,722 |
| 7 bedroom Estimate | $1,746 | $1,571–$1,921 |
| 8 bedroom Estimate | $1,926 | $1,733–$2,119 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Oconee actually rent for?
Search any address in Oconee for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Oconee somewhere between $805 and $983. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$894 a month is affordable, by HUD's 30% rule, on an income of roughly $35,760 a year. Put another way, $17 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$805 | Voucher pays at 100%$894 | Voucher pays at 110%$983 |
|---|---|---|---|---|
| $2,500 | $750 | $55 | $144 | $233 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 5% from FY 2026 ($941) to FY 2027 ($894). Since FY 2020 it's up 33% in total, about 4.1% a year. The South Carolina median moved up 2% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $477 | $512 | $674 | $943 | $1,114 | — |
| FY 2021 | $507 | $550 | $725 | $996 | $1,028 | +7.6% |
| FY 2022 | $536 | $613 | $806 | $1,041 | $1,093 | +11.2% |
| FY 2023 | $558 | $634 | $835 | $1,055 | $1,122 | +3.6% |
| FY 2024 | $670 | $752 | $988 | $1,215 | $1,348 | +18.3% |
| FY 2025 | $715 | $745 | $977 | $1,203 | $1,381 | -1.1% |
| FY 2026 | $712 | $717 | $941 | $1,153 | $1,337 | -3.7% |
| FY 2027In effect | $650 | $683 | $894 | $1,090 | $1,204 | -5.0% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Oconee, that runs from $650 for a studio up to $1,204 for four bedrooms, all five rates in the table above.
Because Oconee sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Seneca included.
Among South Carolina's 46 counties, Oconee ranks 31st for two-bedroom FMR. That's about 19% below the state median of $1,098 and about 16% below the national median county at $1,063. About 80,469 people live here, 18th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $890 in 29679 (Seneca) and $1,210 in 29678 (Seneca), with the 12 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 29643 | Fair Play | $1,060 | +18.6% |
| 29658 | Long Creek | $1,010 | +13.0% |
| 29664 | Mountain Rest | $990 | +10.7% |
| 29665 | Newry | $930 | +4.0% |
| 29672 | Seneca | $930 | +4.0% |
| 29675 | Richland | $894County rate | — |
| 29676 | Salem | $1,060 | +18.6% |
| 29678 | Seneca | $1,210 | +35.3% |
| 29679 | Seneca | $890 | -0.4% |
| 29686 | Tamassee | $950 | +6.3% |
| 29691 | Walhalla | $890 | -0.4% |
| 29693 | Westminster | $890 | -0.4% |
| 29696 | West Union | $890 | -0.4% |
Nearby counties
Two-bedroom FMR, with how each compares to Oconee.
Pickens County
16 mi · 134,629 people
$1,507
+69%
Anderson County
27 mi · 210,478 people
$1,102
+23%
Greenville County
38 mi · 548,166 people
$1,507
+69%
Abbeville County
48 mi · 24,420 people
$885
-1%
Greenwood County
61 mi · 69,489 people
$885
-1%
Spartanburg County
63 mi · 347,852 people
$1,196
+34%
Laurens County
64 mi · 68,666 people
$1,119
+25%
McCormick County
77 mi · 9,760 people
$885
-1%
Questions people ask
$894 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $650 for a studio, $683 for one bedroom, $1,090 for three and $1,204 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Oconee actually go for?
HUD's number is one input. Search any address in Oconee for a rent estimate built from nearby comps. Free to start, no card.
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