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

Fair Market Rent Prices in Sumter, SC :
$657 $803 $982 $1,195 $1,343
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 Sumter are average compared to the national average. This FMR area is more expensive than 71% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Sumter is $982 per month.

The previous year, rent for a two-bedroom home was $851 per month. This is a 15.39% increase year-over-year.

This FMR rate applies to Horatio, SC, Shaw A F B, SC, Wedgefield, SC, Sumter, SC and other cities within the region. The Metro Code or CBSA code for this region is METRO44940M44940.

Additionally, This Fair Market Rent (FMR) area Sumter, SC HUD Metro FMR Area spans one county or city in South Carolina which is listed in the table below. Estimated population of Sumter, SC HUD Metro FMR Area FMR area is 106,675 people based on latest Census data.

Compared to the rest of South Carolina, the Sumter FMR area is more expensive than 70% 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 Sumter. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Sumter

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 $ 721
1-BR 1-Bedroom $ 882
2-BR 2-Bedroom $ 1079
3-BR 3-Bedroom $ 1313
4-BR 4-Bedroom $ 1476
Change Year:
2022 2023 2024 2025

There is just one county (listed below) within the Sumter, SC HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Columbia, Sc.

County / Region Est. Population
Sumter, SC Metro 106,675
Zip Codes in Sumter, SC HUD Metro FMR Area

There are 6 unique zip codes in this Fair Market Rent (FMR) area:

29062, 29150, 29151, 29152, 29154 and 29168

Lookup Fair Market Rent by Zip Code

What's Next?

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