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RentData.org Logo Florence Fair Market Rent FY 2023 Florence, SC HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Florence, SC :
$701 $706 $927 $1,173 $1,247
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Florence are average compared to the national average. This FMR area is more expensive than 64% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Florence is $927 per month.

The previous year, rent for a two-bedroom home was $832 per month. This is a 11.42% increase year-over-year.

This FMR rate applies to Coward, SC, Scranton, SC, Pamplico, SC, Johnsonville, SC, Effingham, SC, Hemingway, SC, Florence, SC and other cities within the region. The Metro Code or CBSA code for this region is METRO22500M22500.

Additionally, This Fair Market Rent (FMR) area Florence, SC HUD Metro FMR Area spans one county or city in South Carolina which is listed in the table below. Estimated population of Florence, SC HUD Metro FMR Area FMR area is 138,237 people based on latest Census data.

Compared to the rest of South Carolina, the Florence FMR area is more expensive than 62% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Florence. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Florence

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 742
1-BR 1-Bedroom $ 747
2-BR 2-Bedroom $ 982
3-BR 3-Bedroom $ 1242
4-BR 4-Bedroom $ 1321
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Florence, SC HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Myrtle Beach - Florence and Charleston, Sc.

County / Region Est. Population
Florence, SC Metro 138,237
Zip Codes in Florence, SC HUD Metro FMR Area

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

29502, 29503, 29504, 29505, 29530, 29541, 29554, 29555, 29583 and 29591

Lookup Fair Market Rent by Zip Code

What's Next?

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