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Beaufort County/Okatie/29909

29909

ZIPSAFMR
Beaufort County, SC
Zillow

ZIP Investment Score

72Below average

095130300
BRFMR
Eff. Rent
0 BR$2,430$1,640
1 BR$2,530$1,580
2 BR$2,760$1,950
3 BR$3,290$2,840
4 BR$3,920$3,260
5 BR$4,508Not available
6 BR$5,184Not available
7 BR$5,962Not available
8 BR$6,856Not available

Purchase Price Calculator

Maximum purchase price
$227,853

Cost breakdown

+Likely effective rent$1,950
HUD FMR$2,760
Market rentUsed$1,950
Est. payment standard (90%)$2,480
-Principal and interest-$1,152
Loan amount$182,282
Down payment$45,571
Rate6.50%
Term30 years
-Operating costs-$598
Property taxes-$228
Insurance-$175
Utilities$0
HOA$0
Management-$195
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,250(68.6% ROI)
Projected value
$245,372
Return breakdown
Property appreciation+$17,520
Loan principal paid down+$6,531
Rental cash flow+$7,200
5-year hold
+$53,588(117.6% ROI)
Projected value
$257,794
Return breakdown
Property appreciation+$29,942
Loan principal paid down+$11,646
Rental cash flow+$12,000
10-year hold
+$115,568(253.6% ROI)
Projected value
$291,671
Return breakdown
Property appreciation+$63,818
Loan principal paid down+$27,750
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.48
1 BR
1.60
2 BR
1.42
3 BR
1.16
4 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29909 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29909 (Okatie, SC) is $2,760 a month. That is up 7.4% from $2,570 in FY 2026. Okatie 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, 29909 has the highest two-bedroom rent (county range $1,640–$2,760). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29909 is 151% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29909
BedroomsFY 2027Change90–110% range
Studio$2,430+8.5%$2,187–$2,673
1BR$2,530+8.1%$2,277–$2,783
2BR$2,760+7.4%$2,484–$3,036
3BR$3,290+6.8%$2,961–$3,619
4BR$3,920+2.3%$3,528–$4,312

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29909
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,430$2,530$2,760$3,290$3,920
FY 2026$2,240$2,340$2,570$3,080$3,830
FY 2025$2,090$2,170$2,400$2,940$3,690
FY 2024$1,860$1,920$2,150$2,700$3,430
FY 2023$1,610$1,650$1,860$2,350$3,050

Two-bedroom rent in nearby Beaufort County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29909
29901$2,010−27.2%
29902$1,690−38.8%
29903$2,010−27.2%
29904$1,840−33.3%
29905$1,770−35.9%
29906$1,840−33.3%
29907$2,250−18.5%
29909Current$2,760—
29910$2,470−10.5%
29915$2,100−23.9%
29920$1,640−40.6%
29925$2,010−27.2%

Questions about ZIP 29909 rents

How much will Section 8 pay for a two-bedroom in ZIP 29909?

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 $2,760 it would be $2,484 to $3,036. 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 29909 in?

ZIP 29909 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 29909 for FY 2027?

The two-bedroom FMR rose 7.4%, from $2,570 in FY 2026 to $2,760 in FY 2027. Since FY 2023 it has risen 48.4%.

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 rentOkatie, SC fair market rentSC statewide rentsWhat is SAFMR?Data sources