Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 29931 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 29931 (Lobeco, SC) is $2,010 a month. That is up 10.7% from $1,816 in FY 2026. Lobeco is in the Beaufort County, SC HUD Metro FMR Area. The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29931 is 83% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29931
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,582
$1,772
+12.0%
$1,595–$1,949
1BR
$1,657
$1,844
+11.3%
$1,660–$2,028
2BR
$1,816
$2,010
+10.7%
$1,809–$2,211
3BR
$2,177
$2,395
+10.0%
$2,156–$2,635
4BR
$2,720
$2,880
+5.9%
$2,592–$3,168
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29931
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,772
$1,844
$2,010
$2,395
$2,880
FY 2026
$1,582
$1,657
$1,816
$2,177
$2,720
FY 2025
$1,584
$1,646
$1,822
$2,195
$2,803
FY 2024
$1,432
$1,472
$1,652
$2,050
$2,634
FY 2023
$1,267
$1,295
$1,463
$1,836
$2,399
Questions about ZIP 29931 rents
How much will Section 8 pay for a two-bedroom in ZIP 29931?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,010, that basic range is $1,809 to $2,211 a month. 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 29931 in?
ZIP 29931 is in the Beaufort County, SC HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 29931 for FY 2027?
The two-bedroom FMR rose 10.7%, from $1,816 in FY 2026 to $2,010 in FY 2027. Since FY 2023 it has risen 37.4%.
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 Fair Market Rents. 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