Location: Beaufort County, SC | Metro: Beaufort County, SC HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,980 |
| 1 Bedroom | $2,060 |
| 2 Bedrooms | $2,250 |
| 3 Bedrooms | $2,680 |
| 4 Bedrooms | $3,220 |
| 5 Bedrooms | $3,735 |
| 6 Bedrooms | $4,183 |
| 7 Bedrooms | $4,518 |
| 8 Bedrooms | $4,744 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,060 | $428,547 | 0.48% | F |
| 2BR | $2,250 | $308,864 | 0.73% | D |
| 3BR | $2,680 | $425,968 | 0.63% | D |
| 4BR | $3,220 | $618,662 | 0.52% | F |
| 5BR | $3,735 | $807,573 | 0.46% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 29907 (Beaufort, SC) works favorably for landlords. The Fair Market Rent (FMR) set at $1800 for fiscal year 2024 slightly exceeds the current market rent of $1,765, according to Census ACS data. This suggests that landlords can expect a modest premium over the typical rental rates when setting their rents.
Acquisition in this area remains affordable for potential investors. With a median home value of $480,651, coupled with an average of 29 days on the market (DOM) and only a 0.3% share of homes experiencing price cuts, it indicates that homes are selling relatively quickly and without significant price reductions. This stability supports the idea that acquiring properties in ZIP 29907 is a sound investment strategy.
Tenant demand is present but moderate. The total population of 15,190 includes a 14.9% share of renters, equating to approximately 2,267 individuals seeking rental housing. While the percentage of renters is not exceptionally high, the stable rental market and slight premium on FMR suggest a consistent demand for rental properties.
In conclusion, ZIP 29907 presents a balanced opportunity for landlords and small-portfolio investors. The rent math aligns well with market conditions, offering a slight advantage with FMR. Acquisition costs are reasonable, with homes selling promptly and at stable prices. Tenant demand is steady, though not overwhelming, making it a reliable investment choice. However, the relatively low renter share means that competition for tenants may be a factor, necessitating attention to property quality and management practices.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.