Section 8 Fair Market Rent (FMR) for ZIP 29903 - 2027

FY 2027 Fair Market Rent Rates

1650 is the Fair Market Rent (FMR) for ZIP 29903 in fiscal year 2024. In this area, the real estate market offers a variety of homes for sale. One notable property listed at $1,165,000 is a spacious 4-bedroom, 3-bathroom house located at 804 Water St, Beaufort, SC 29902. Another example is a 3-bedroom, 3-bathroom house priced at $555,000, situated at 2607 Depot Rd, Beaufort, SC 29902.

$474,999 is the asking price for a 4-bedroom, 3-bathroom home at 1221 Salty Hammock Ct, Beaufort, SC 29902. Meanwhile, a 4-bedroom, 4-bathroom house at 1084 Otter Cir, Beaufort, SC 29902, is listed for $678,000. These figures indicate a diverse range of property values within the ZIP code, reflecting various sizes and amenities.

The presence of multiple listings suggests a moderate level of activity in the real estate market. However, without specific data on days on market (DOM) or price-cut shares, it's challenging to provide a precise analysis of market trends. Given the available information, it's clear that the median home value and median income figures are not currently available, which limits a comprehensive understanding of the local economy.

Despite these limitations, the real estate market in ZIP 29903 appears to offer opportunities for both large and small investments. The higher-priced properties indicate potential for substantial returns, while the lower-priced homes suggest a more accessible entry point for smaller portfolios.

Section 8 Verdict: ZIP 29903 presents a mixed opportunity for Section 8 investors, with significant variation in property values but limited data on market-specific metrics.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.