What HUD offices serve Honea Path, South Carolina?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Honea Path.
How many renters live in Honea Path, South Carolina?
The City of Honea Path has 3,662 people living in 1,509 households.
There are 980 renters living in 442 renter households in this City. Renters make up 26.76 percent of the population living in Honea Path.
What is the rental market like in Honea Path, South Carolina?
There are an estimated 1,730 housing units in the Honea Path area. Of these, 545 units are rental homes, making up 32 percent of the housing market. For every renter household in Honea Path, South Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Honea Path?
The rental vacancy rate in Honea Path is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Honea Path for each bedroom size?
Occupied Rental Units by Size in Honea Path
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 12 | 262 | 168 | 0 |
Occupied Rental Units by Size in Honea Path
A large number of apartments in Honea Path have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Honea Path are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 17 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Honea Path
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $705 to $1,409. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $705 |
| One BR | $709 |
| Two BR | $905 |
| Three BR | $1,275 |
| Four BR | $1,409 |
2024 Fair Market Rents in Honea Path, South Carolina
How many units are rented at Fair Market Rent (FMR) in Honea Path?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 12 | 100 percent |
| Two BR | 159 | 61 percent |
Rental Units Below FMR in Honea Path, South Carolina
How many affordable rental units are in Honea Path?
There are a variety of federal affordable housing programs serving households in Honea Path, South Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 112 |
| Public Housing | 39 |
| Section 8 Project-Based Rental Assistance | 41 |
| USDA Section 515 Rural Rental Housing | 42 |
Tracked Units by Federal Program in Honea Path, South Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Honea Path, South Carolina
Honea Path features 286 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Honea Path, South Carolina
There are 9 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Honea Path.
Housing Choice Vouchers in Honea Path, South Carolina
On average, Section 8 Housing Choice vouchers pay Honea Path landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Honea Path.
The maximum amount a voucher would pay on behalf of a low-income tenant in Honea Path, South Carolina for a two-bedroom apartment is between $940 and $1,148.
Sourced from federal housing data and AffordableHousingOnline.com research.
