How many renters live in Little River, South Carolina?
The City of Little River has 9,815 people living in 4,953 households.
There are 2,799 renters living in 1,239 renter households in this City. Renters make up 28.52 percent of the population living in Little River.
What is the rental market like in Little River, South Carolina?
There are an estimated 7,315 housing units in the Little River area. Of these, 1,312 units are rental homes, making up 18 percent of the housing market. For every renter household in Little River, South Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Little River?
The rental vacancy rate in Little River is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Little River for each bedroom size?
Occupied Rental Units by Size in Little River
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 157 | 743 | 301 | 38 |
Occupied Rental Units by Size in Little River
A large number of apartments in Little River 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 Little River are overburdened by housing costs?
Among renter households in this market, 51 percent have housing cost burden. Further, 27 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 Little River
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,121 to $2,005. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,121 |
| One BR | $1,187 |
| Two BR | $1,361 |
| Three BR | $1,724 |
| Four BR | $2,005 |
2024 Fair Market Rents in Little River, South Carolina
How many units are rented at Fair Market Rent (FMR) in Little River?
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 | 105 | 67 percent |
| Two BR | 420 | 57 percent |
Rental Units Below FMR in Little River, South Carolina
How many affordable rental units are in Little River?
There are a variety of federal affordable housing programs serving households in Little River, South Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| Section 202 Supportive Housing for the Elderly | 1 |
| USDA Section 515 Rural Rental Housing | 24 |
Tracked Units by Federal Program in Little River, South Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Little River, South Carolina
Little River features 24 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 Little River, South Carolina
There are 74 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Little River.
Housing Choice Vouchers in Little River, South Carolina
On average, Section 8 Housing Choice vouchers pay Little River landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Little River.
The maximum amount a voucher would pay on behalf of a low-income tenant in Little River, South Carolina for a two-bedroom apartment is between $1,225 and $1,497.
Sourced from federal housing data and AffordableHousingOnline.com research.
