FY2027 Small Area FMR · Edisto Island, SC

ZIP 29438 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29438 (Edisto Island, SC) is $1,240 a month, down 9.5% from FY2026. That is 34% below the Charleston-North Charleston, SC area-wide FMR of $1,884.

2-bedroom SAFMR$1,240per month ▼ 9.5%

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

Rank in the area50thof 62 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,116

2 BR Small Area FMR$1,240

110% of SAFMR$1,364

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

Studio$1,030▼ 9.6%

1 BR$1,080▼ 9.2%

2 BR$1,240▼ 9.5%

3 BR$1,520▼ 9.5%

4 BR$1,900▼ 10.0%

FY2027 FY2026

Where 29438 sits in the Charleston-North Charleston, SC area

Of the 62 ZIP codes HUD lists for the area, 29438 has the 50th 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 $1,116 and $1,364 for two bedrooms.

ZIP code 29438 crosses more than one HUD area. HUD also lists it under Colleton County, SC (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,030	$927 – $1,133	$1,661	$1,140
1 bedroom	$1,080	$972 – $1,188	$1,731	$1,190
2 bedrooms	$1,240	$1,116 – $1,364	$1,884	$1,370
3 bedrooms	$1,520	$1,368 – $1,672	$2,336	$1,680
4 bedrooms	$1,900	$1,710 – $2,090	$2,687	$2,110

A household renting a two-bedroom home at the Small Area FMR of $1,240 needs about $49,600 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 29438 lies mainly in Charleston County and Colleton 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
29449	Hollywood	9.5 mi	$1,520
29487	Wadmalaw Island	10.2 mi	$1,670
29452	Jacksonboro	11.2 mi	$1,240
29446	Green Pond	14.3 mi	$1,120
29426	Adams Run	16.2 mi	$1,680
29455	Johns Island	16.9 mi	$1,860

Questions

What is the Fair Market Rent for ZIP code 29438?

HUD's FY2027 Small Area Fair Market Rents for 29438 are $1,030 (studio), $1,080 (1 BR), $1,240 (2 BR), $1,520 (3 BR) and $1,900 (4 BR) a month.

What is the Section 8 payment standard in 29438?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29438 that range is $1,116 to $1,364 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29438?

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.