FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR
1.08ratio
FMR$1,620
Market$1,500
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR
1.02ratio
FMR$1,770
Market$1,740
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
0.98ratio
FMR$2,100
Market$2,140
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR
0.92ratio
FMR$2,530
Market$2,750
vs market-$220
FMR is near market; voucher and private rents are aligned.
0.92
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 29905 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29905 (Parris Island, SC) is $1,770 a month. That is up 7.9% from $1,640 in FY 2026. Parris Island 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, 29905 has the 14th-highest two-bedroom rent (county range $1,640–$2,760). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29905 is 61% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29905
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,430
$1,560
+9.1%
$1,404–$1,716
1BR
$1,490
$1,620
+8.7%
$1,458–$1,782
2BR
$1,640
$1,770
+7.9%
$1,593–$1,947
3BR
$2,020
$2,100
+4.0%
$1,890–$2,310
4BR
$2,630
$2,530
−3.8%
$2,277–$2,783
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29905
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,560
$1,620
$1,770
$2,100
$2,530
FY 2026
$1,430
$1,490
$1,640
$2,020
$2,630
FY 2025
$1,540
$1,580
$1,790
$2,240
$2,920
FY 2024
$1,710
$1,750
$1,980
$2,480
$3,240
FY 2023
$1,900
$1,940
$2,190
$2,750
$3,590
Two-bedroom rent in nearby Beaufort County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29905?
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 $1,770 it would be $1,593 to $1,947. 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 29905 in?
ZIP 29905 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 29905 for FY 2027?
The two-bedroom FMR rose 7.9%, from $1,640 in FY 2026 to $1,770 in FY 2027. Since FY 2023 it has fallen 19.2%.
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