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RentData.org Logo Florence Fair Market Rent FY 2014 Florence, SC HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Florence, SC :
$518 $523 $650 $810 $869
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Florence are low compared to the national average. This FMR area is less expensive than 62% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Florence is $650 per month.

The previous year, rent for a two-bedroom home was $687 per month. This is a 5.39% decrease 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 136,885 people based on latest Census data.

Compared to the rest of South Carolina, the Florence FMR area is less expensive than 82% 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 $ 551
1-BR 1-Bedroom $ 556
2-BR 2-Bedroom $ 692
3-BR 3-Bedroom $ 862
4-BR 4-Bedroom $ 925
Change Year:

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 136,885
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

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