FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR
0.99ratio
FMR$1,690
Market$1,700
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR
1.10ratio
FMR$1,840
Market$1,670
vs market+$170
FMR is above market; underwrite to market rent.
1.10
3 BR
3 BR
1.04ratio
FMR$2,190
Market$2,100
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR
1.00ratio
FMR$2,640
Market$2,630
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 29904 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29904 (Beaufort, SC) is $1,840 a month. That is up 11.5% from $1,650 in FY 2026. Beaufort is in the Beaufort County, SC HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,010. Among 20 ZIP codes in Beaufort County, 29904 is tied for the 11th-highest two-bedroom rent (county range $1,640–$2,760). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29904 is 68% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29904
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,440
$1,620
+12.5%
$1,458–$1,782
1BR
$1,510
$1,690
+11.9%
$1,521–$1,859
2BR
$1,650
$1,840
+11.5%
$1,656–$2,024
3BR
$1,980
$2,190
+10.6%
$1,971–$2,409
4BR
$2,530
$2,640
+4.3%
$2,376–$2,904
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29904
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,620
$1,690
$1,840
$2,190
$2,640
FY 2026
$1,440
$1,510
$1,650
$1,980
$2,530
FY 2025
$1,430
$1,490
$1,650
$1,990
$2,540
FY 2024
$1,290
$1,330
$1,490
$1,850
$2,380
FY 2023
$1,260
$1,290
$1,460
$1,830
$2,390
Two-bedroom rent in nearby Beaufort County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29904?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,010, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,809 to $2,211 a month; under the ZIP-level Small Area FMR of $1,840 it would be $1,656 to $2,024. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 29904 in?
ZIP 29904 is in the Beaufort County, SC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,010.
How much did fair market rent change in ZIP 29904 for FY 2027?
The two-bedroom FMR rose 11.5%, from $1,650 in FY 2026 to $1,840 in FY 2027. Since FY 2023 it has risen 26.0%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set