Location: Hampton 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 | $1,430 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,450 |
| 5 Bedrooms | $2,842 |
| 6 Bedrooms | $3,183 |
| 7 Bedrooms | $3,438 |
| 8 Bedrooms | $3,610 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,960 | $198,617 | 0.99% | C |
| 4BR | $2,450 | $261,941 | 0.94% | C |
U.S. Census Bureau data (2024)
ZIP code 29945 is a renter-heavy area, with 24.5% of its population renting homes. This percentage suggests a significant demand for rental properties, making it an attractive location for landlords and small-portfolio investors.
The median household income in this ZIP is $55,449, which provides insight into the economic conditions of potential tenants. Although specific market rent data is not available, we can compare the situation to the Fair Market Rent (FMR), which is set at $1320 per month for FY 2024 in this ZIP. Assuming market rents align closely with FMR, a typical rent would consume approximately 27.7% of the median monthly income, calculated as $1320 divided by ($55,449 / 12).
This percentage indicates that rent constitutes a substantial portion of the average household's budget, but it remains within a reasonable range for affordability. The high concentration of renters implies that there could be a deep voucher demand in the area, particularly given the income levels relative to the cost of housing.
A landlord in ZIP 29945 should expect tenants who are likely to rely on Section 8 housing vouchers to manage their housing costs. These tenants will have their incomes verified and will be required to contribute a portion of their income towards rent, typically around 30%. Given the FMR and median income, the expected tenant profile would be individuals or families who need assistance to afford housing and are willing to adhere to the requirements of the Section 8 program.
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.