FY2027 Small Area FMR · Hilton Head Island, SC

ZIP 29928 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29928 (Hilton Head Island, SC) is $1,940 a month, up 2.1% from FY2026. That is 3% below the Beaufort County, SC area-wide FMR of $2,010.

2-bedroom SAFMR$1,940per month ▲ 2.1%

Area-wide 2 BR FMR$2,010Beaufort County, SC

Rank in the area10thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,746

2 BR Small Area FMR$1,940

110% of SAFMR$2,134

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

Studio$1,710▲ 3.0%

1 BR$1,780▲ 2.9%

2 BR$1,940▲ 2.1%

3 BR$2,310▲ 1.3%

4 BR$2,780▼ 2.5%

FY2027 FY2026

Where 29928 sits in the Beaufort County, SC area

Of the 21 ZIP codes HUD lists for the area, 29928 has the 10th highest two-bedroom Small Area FMR. Beaufort 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 $2,010 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,940 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	$1,710	$1,539 – $1,881	$1,772	$1,660
1 bedroom	$1,780	$1,602 – $1,958	$1,844	$1,730
2 bedrooms	$1,940	$1,746 – $2,134	$2,010	$1,900
3 bedrooms	$2,310	$2,079 – $2,541	$2,395	$2,280
4 bedrooms	$2,780	$2,502 – $3,058	$2,880	$2,850

A household renting a two-bedroom home at the Small Area FMR of $1,940 needs about $77,600 a year to keep housing costs at 30% of income. The area median family income is $113,000 and the 80% low-income limit for four people is $90,400. ZIP code 29928 lies mainly in Beaufort County. See the Beaufort County, SC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
29926	Hilton Head Island	5.3 mi	$2,040
29915	Daufuskie Island	6.7 mi	$2,100
29910	Bluffton	8.7 mi	$2,470
31328	Tybee Island	12.2 mi	$1,660
29902	Beaufort	12.6 mi	$1,690
29909	Okatie	13.0 mi	$2,760

Questions

What is the Fair Market Rent for ZIP code 29928?

HUD's FY2027 Small Area Fair Market Rents for 29928 are $1,710 (studio), $1,780 (1 BR), $1,940 (2 BR), $2,310 (3 BR) and $2,780 (4 BR) a month.

What is the Section 8 payment standard in 29928?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29928 that range is $1,746 to $2,134 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29928?

The FY2026 income limits of the Beaufort County, SC area apply: median family income $113,000, low-income (80%) limit $90,400 for a family of four.