FY2027 Small Area FMR · Walterboro, SC

ZIP 29488 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29488 (Walterboro, SC) is $900 a month, unchanged from FY2026. That is 1% below the Colleton County, SC area-wide FMR of $913.

2-bedroom SAFMR$900per month ■ 0.0%

Area-wide 2 BR FMR$913Colleton County, SC

Rank in the area13thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$810

2 BR Small Area FMR$900

110% of SAFMR$990

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

Studio$650▼ 4.4%

1 BR$690■ 0.0%

2 BR$900■ 0.0%

3 BR$1,070▼ 0.9%

4 BR$1,330▼ 9.5%

FY2027 FY2026

Where 29488 sits in the Colleton County, SC area

Of the 15 ZIP codes HUD lists for the area, 29488 has the 13th highest two-bedroom Small Area FMR. Colleton County, SC is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $913 for two bedrooms; an agency that opts in to Small Area FMRs would use $900 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$650	$585 – $715	$664	$680
1 bedroom	$690	$621 – $759	$698	$690
2 bedrooms	$900	$810 – $990	$913	$900
3 bedrooms	$1,070	$963 – $1,177	$1,088	$1,080
4 bedrooms	$1,330	$1,197 – $1,463	$1,323	$1,470

A household renting a two-bedroom home at the Small Area FMR of $900 needs about $36,000 a year to keep housing costs at 30% of income. The area median family income is $67,700 and the 80% low-income limit for four people is $59,700. ZIP code 29488 lies mainly in Colleton County. See the Colleton County, SC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
29475	Ruffin	8.5 mi	$940
29474	Round O	8.8 mi	$890
29435	Cottageville	12.8 mi	$920
29493	Williams	13.2 mi	$1,010
29929	Islandton	15.5 mi	$1,060
29481	Smoaks	15.8 mi	$1,170

Questions

What is the Fair Market Rent for ZIP code 29488?

HUD's FY2027 Small Area Fair Market Rents for 29488 are $650 (studio), $690 (1 BR), $900 (2 BR), $1,070 (3 BR) and $1,330 (4 BR) a month.

What is the Section 8 payment standard in 29488?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29488 that range is $810 to $990 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29488?

The FY2026 income limits of the Colleton County, SC area apply: median family income $67,700, low-income (80%) limit $59,700 for a family of four.