FY2026 Fair Market Rents — Cherokee County
Studio
$755
1BR
$795
2BR
$902
3BR
$1,135
4BR
$1,349
Cherokee County, South Carolina
FIPS 45021 · County-level FMR and income limit data
FMR Area: Cherokee County, SC
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 |
To afford the FY2026 2-bedroom FMR of $902/mo under the 30%-of-income rule, a household needs about
$36,080/yr ($3,007/mo). Area Median Income is $73,100.
At SC's federal minimum wage of $7.25/hr, a worker would need to work 96 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $73,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,300 |
| 50% AMI | $26,150 | $29,850 | $33,600 | $37,300 | $40,300 | $43,300 |
| 80% AMI | $41,800 | $47,800 | $53,750 | $59,700 | $64,500 | $69,300 |