Low Income Apartments and Affordable Housing For Rent in Ware Shoals, SC

Discover affordable housing in Ware Shoals where there are 3+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Cedar Ridge Manor

2 Holloway Dr, Ware Shoals, South Carolina 29692

Shoals Pointe Apartments

29 N Greenwood Avenue Ext, Ware Shoals, South Carolina 29692

Ware Shoals Inn

1 N Greenwood Ave , Ware Shoals, South Carolina 29692

calendar_today Opened: Apr 15
calendar_today Closes: Apr 30,

Reported On April 15th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ware Shoals, South Carolina
$18.79/hour
$11.54 (+159%) more than South Carolina minimum wage and $11.54 (+159%) more than the Federal minimum wage.
Learn More About Ware Shoals, South Carolina Affordable Housing ↓

What HUD offices serve Ware Shoals, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Ware Shoals, South Carolina.

Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Ware Shoals.

How many renters live in Ware Shoals, South Carolina?

The City of Ware Shoals has 1,934 people living in 693 households.

There are 878 renters living in 267 renter households in this City. Renters make up 45.4 percent of the population living in Ware Shoals.

What is the rental market like in Ware Shoals, South Carolina?

There are an estimated 958 housing units in the Ware Shoals area. Of these, 377 units are rental homes, making up 39 percent of the housing market. For every renter household in Ware Shoals, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Ware Shoals?

The rental vacancy rate in Ware Shoals is 24 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 Ware Shoals for each bedroom size?

Occupied Rental Units by Size in Ware Shoals
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 5 157 92 13
Occupied Rental Units by Size in Ware Shoals

A large number of apartments in Ware Shoals 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 Ware Shoals are overburdened by housing costs?

Among renter households in this market, 56 percent have housing cost burden. Further, 21 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 Ware Shoals

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 Ware Shoals, South Carolina

How many units are rented at Fair Market Rent (FMR) in Ware Shoals?

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 1 20 percent
Two BR 148 94 percent
Rental Units Below FMR in Ware Shoals, South Carolina

How many affordable rental units are in Ware Shoals?

There are a variety of federal affordable housing programs serving households in Ware Shoals, South Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 65
USDA Section 515 Rural Rental Housing 66
Tracked Units by Federal Program in Ware Shoals, South Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Ware Shoals, South Carolina

Ware Shoals features 66 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 Ware Shoals, South Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ware Shoals.

Housing Choice Vouchers in Ware Shoals, South Carolina

On average, Section 8 Housing Choice vouchers pay Ware Shoals landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Ware Shoals.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ware Shoals, South Carolina for a two-bedroom apartment is between $893 and $1,091.

Sourced from federal housing data and AffordableHousingOnline.com research.