FY2027 Small Area FMR · Hilton Head Island, SC

ZIP 29938 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29938 (Hilton Head Island, SC) is $2,010 a month, up 10.4% from FY2026. That is 0% equal to the Beaufort County, SC area-wide FMR of $2,010.

2-bedroom SAFMR$2,010per month ▲ 10.4%

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

Rank in the area6thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,809

2 BR Small Area FMR$2,010

110% of SAFMR$2,211

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

Studio$1,770▲ 11.3%

1 BR$1,840▲ 10.8%

2 BR$2,010▲ 10.4%

3 BR$2,390▲ 9.6%

4 BR$2,880▲ 5.5%

FY2027 FY2026

Where 29938 sits in the Beaufort County, SC area

Of the 21 ZIP codes HUD lists for the area, 29938 has the 6th 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 $2,010 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	$1,770	$1,593 – $1,947	$1,772	$1,590
1 bedroom	$1,840	$1,656 – $2,024	$1,844	$1,660
2 bedrooms	$2,010	$1,809 – $2,211	$2,010	$1,820
3 bedrooms	$2,390	$2,151 – $2,629	$2,395	$2,180
4 bedrooms	$2,880	$2,592 – $3,168	$2,880	$2,730

A household renting a two-bedroom home at the Small Area FMR of $2,010 needs about $80,400 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 29938 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
29935	Port Royal	2.0 mi	$1,780
29905	Parris Island	3.0 mi	$1,770
29902	Beaufort	4.1 mi	$1,690
29904	Beaufort	5.7 mi	$1,840
29920	Saint Helena Island	6.5 mi	$1,640
29906	Beaufort	6.5 mi	$1,840

Questions

What is the Fair Market Rent for ZIP code 29938?

HUD's FY2027 Small Area Fair Market Rents for 29938 are $1,770 (studio), $1,840 (1 BR), $2,010 (2 BR), $2,390 (3 BR) and $2,880 (4 BR) a month.

What is the Section 8 payment standard in 29938?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29938 that range is $1,809 to $2,211 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29938?

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.