Beaufort County/Beaufort/29906

29906

ZIPSAFMR

Beaufort County, SC

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ZIP Investment Score

78Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,620	$1,390	7.9%
1 BR	$1,690	$1,460	8.3%
2 BR	$1,840	$1,740	7.3%
3 BR	$2,190	$2,060	5.8%
4 BR	$2,640	$2,530	3.5%
5 BR	$3,036	Not available	3.5%
6 BR	$3,491	Not available	3.5%
7 BR	$4,015	Not available	3.5%
8 BR	$4,617	Not available	3.5%

Purchase Price Calculator

Maximum purchase price

$196,647

Cost breakdown

+Likely effective rent$1,740

HUD FMR$1,840

Market rentUsed$1,740

Est. payment standard (96%)$1,780

-Principal and interest-$994

Loan amount$157,317

Down payment$39,329

Rate6.50%

Term30 years

-Operating costs-$546

Property taxes-$197

Insurance-$175

Utilities$0

HOA$0

Management-$174

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,957(71.1% ROI)

Projected value

$211,767

Return breakdown

Property appreciation+$15,120

Loan principal paid down+$5,636

Rental cash flow+$7,200

5-year hold

+$47,892(121.8% ROI)

Projected value

$222,488

Return breakdown

Property appreciation+$25,841

Loan principal paid down+$10,051

Rental cash flow+$12,000

10-year hold

+$103,028(262.0% ROI)

Projected value

$251,725

Return breakdown

Property appreciation+$55,078

Loan principal paid down+$23,950

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.17ratio

FMR$1,620

Market$1,390

vs market+$230

FMR is above market; underwrite to market rent.

1.17

1 BR

1.16ratio

FMR$1,690

Market$1,460

vs market+$230

FMR is above market; underwrite to market rent.

1.16

2 BR

1.06ratio

FMR$1,840

Market$1,740

vs market+$100

FMR is near market; voucher and private rents are aligned.

1.06

3 BR

1.06ratio

FMR$2,190

Market$2,060

vs market+$130

FMR is near market; voucher and private rents are aligned.

1.06

4 BR

1.04ratio

FMR$2,640

Market$2,530

vs market+$110

FMR is near market; voucher and private rents are aligned.

1.04

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: --

ZIP 29906 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29906 (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, 29906 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 29906 is 68% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29906
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 29906
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	$1,100	$1,120	$1,270	$1,590	$2,080

Two-bedroom rent in nearby Beaufort County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 29906
29901	$2,010	+9.2%
29902	$1,690	−8.2%
29903	$2,010	+9.2%
29904	$1,840	0.0%
29905	$1,770	−3.8%
29906Current	$1,840	—
29907	$2,250	+22.3%
29909	$2,760	+50.0%
29910	$2,470	+34.2%
29915	$2,100	+14.1%
29920	$1,640	−10.9%
29925	$2,010	+9.2%

Questions about ZIP 29906 rents

How much will Section 8 pay for a two-bedroom in ZIP 29906?

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 29906 in?

ZIP 29906 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 29906 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 44.9%.

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

County fair market rent Beaufort, SC fair market rent SC statewide rents What is SAFMR?Data sources