FY2026 Fair Market Rents — Cherokee County, SC
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$755
1BR
$795
2BR
$902
3BR
$1,135
4BR
$1,349
Hours/week at min wage
96 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
-4.2%
$40 vs FY2025 · 5-yr +25.1%
Voucher payment standard
$812–$992
PHAs set HCV payment at 90–110% of the 2BR FMR
Cherokee County, SC
Non-Metropolitan area · SC · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $755 | $9,060 |
| 1-Bedroom | $795 | $9,540 |
| 2-Bedroom | $902 | $10,824 |
| 3-Bedroom | $1,135 | $13,620 |
| 4-Bedroom | $1,349 | $16,188 |
Recent 2-Bedroom FMR Trend
FY2020 $659 → FY2026 $902
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $755 | $795 | $902 | $1,135 | $1,349 |
| FY2025 | $713 | $718 | $942 | $1,172 | $1,354 |
| FY2024 | $706 | $711 | $934 | $1,187 | $1,355 |
| FY2023 | $605 | $612 | $806 | $1,042 | $1,175 |
| FY2022 | $523 | $562 | $739 | $950 | $1,122 |
| FY2021 | $476 | $547 | $721 | $920 | $1,165 |
| FY2020 | $429 | $500 | $659 | $836 | $1,073 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $73,100
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,300 |
| 50% AMI (Very Low) | $26,150 | $29,850 | $33,600 | $37,300 | $40,300 | $43,300 |
| 80% AMI (Low) | $41,800 | $47,800 | $53,750 | $59,700 | $64,500 | $69,300 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$10,824/yr
FMR as % of Area Median Income
14.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$36,080/yr
$3,007/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $639 | $731 | $822 | $986 | $1,059 |
| 60% AMI Maximum | $767 | $877 | $986 | $1,184 | $1,271 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $755 | $795 | $902 | $1,135 | $1,187 |
| Low HOME Rent | $653 | $746 | $840 | $932 | $1,007 |
Compare Cherokee County, SC With Other SC Metros
vs. Anderson, SC HUD Metro FMR Area
vs. Beaufort County, SC HUD Metro FMR Area
vs. Charleston-North Charleston, SC MSA
vs. Chester County, SC HUD Metro FMR Area
vs. Clarendon County, SC HUD Metro FMR Area