FY2027 Small Area FMR · Bonneau, SC

ZIP 29431 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29431 (Bonneau, SC) is $1,350 a month, up 2.3% from FY2026. That is 28% below the Charleston-North Charleston, SC area-wide FMR of $1,884.

2-bedroom SAFMR$1,350per month ▲ 2.3%

Area-wide 2 BR FMR$1,884Charleston-North Charleston,

Rank in the area49thof 62 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,215

2 BR Small Area FMR$1,350

110% of SAFMR$1,485

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,190▲ 3.5%

1 BR$1,240▲ 3.3%

2 BR$1,350▲ 2.3%

3 BR$1,670▲ 1.8%

4 BR$1,930▼ 1.5%

FY2027 FY2026

Where 29431 sits in the Charleston-North Charleston, SC area

Of the 62 ZIP codes HUD lists for the area, 29431 has the 49th highest two-bedroom Small Area FMR. Charleston-North Charleston, SC is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,215 and $1,485 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,190	$1,071 – $1,309	$1,661	$1,150
1 bedroom	$1,240	$1,116 – $1,364	$1,731	$1,200
2 bedrooms	$1,350	$1,215 – $1,485	$1,884	$1,320
3 bedrooms	$1,670	$1,503 – $1,837	$2,336	$1,640
4 bedrooms	$1,930	$1,737 – $2,123	$2,687	$1,960

A household renting a two-bedroom home at the Small Area FMR of $1,350 needs about $54,000 a year to keep housing costs at 30% of income. The area median family income is $117,500 and the 80% low-income limit for four people is $94,000. ZIP code 29431 lies mainly in Berkeley County. See the Charleston-North Charleston, SC metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
29479	Saint Stephen	7.0 mi	$1,170
29434	Cordesville	9.8 mi	$1,490
29469	Pinopolis	10.6 mi	$1,450
29461	Moncks Corner	11.0 mi	$1,570
29564	Lane	11.9 mi	$890
29453	Jamestown	14.3 mi	$1,570

Questions

What is the Fair Market Rent for ZIP code 29431?

HUD's FY2027 Small Area Fair Market Rents for 29431 are $1,190 (studio), $1,240 (1 BR), $1,350 (2 BR), $1,670 (3 BR) and $1,930 (4 BR) a month.

What is the Section 8 payment standard in 29431?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29431 that range is $1,215 to $1,485 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29431?

The FY2026 income limits of the Charleston-North Charleston, SC area apply: median family income $117,500, low-income (80%) limit $94,000 for a family of four.