Low Income Apartments and Affordable Housing For Rent in McCormick County, SC

Discover affordable housing in McCormick County where there are 9+ 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.

The Oaks Apartments

500 Pine Street Ext, Mccormick, South Carolina 29835

Mccormick Manor

713 S Mine Street, Mccormick, South Carolina 29835

Willow Creek of McCormick

312 Pine Street , Mccormick, South Carolina 29835

Gary St Apartments

Gary St, Gray St, Mccormick, South Carolina 29824

Carolina Street Apartments

Carolina Street, Marshall St, Church St, Mccormick, South Carolina 29835

Cherry Manor Apartments

700 Cherry Street, Mccormick, South Carolina 29835

Westowne Apartments

437 Talbert Road, Mccormick, South Carolina 29835

Timber Ridge Apartments

308 Wall Rd, Mccormick, South Carolina 29835

M99 Mhamccorm Mccormick Apartments Rh

Mccormick Apts, Mccormick, South Carolina 29835

calendar_today Opens: Apr 15
calendar_today Closes: Apr 30,

Reported On March 4th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In McCormick County, South Carolina
$18.83/hour
$11.58 (+160%) more than South Carolina minimum wage and $11.58 (+160%) more than the Federal minimum wage.
Learn More About McCormick County, South Carolina Affordable Housing ↓

What HUD offices serve McCormick County, 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 McCormick County, South Carolina.

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

How many renters live in McCormick County, South Carolina?

The County of McCormick County has 9,612 people living in 3,947 households.

There are 1,356 renters living in 637 renter households in this County. Renters make up 14.11 percent of the population living in McCormick County.

What is the rental market like in McCormick County, South Carolina?

There are an estimated 5,461 housing units in the McCormick County area. Of these, 742 units are rental homes, making up 14 percent of the housing market. For every renter household in McCormick County, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in McCormick County?

The rental vacancy rate in McCormick County 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 McCormick County for each bedroom size?

Occupied Rental Units by Size in McCormick County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 124 236 255 14
Occupied Rental Units by Size in McCormick County

A large number of apartments in McCormick County 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 McCormick County are overburdened by housing costs?

Among renter households in this market, 45 percent have housing cost burden. Further, 13 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 McCormick County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $752 to $1,398. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $752
One BR $757
Two BR $994
Three BR $1,283
Four BR $1,398
2024 Fair Market Rents in McCormick County, South Carolina

How many units are rented at Fair Market Rent (FMR) in McCormick County?

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
Studio 3 38 percent
One BR 115 93 percent
Two BR 209 89 percent
Rental Units Below FMR in McCormick County, South Carolina

How many affordable rental units are in McCormick County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 128
Public Housing 27
Section 8 Project-Based Rental Assistance 60
USDA Section 515 Rural Rental Housing 168
Tracked Units by Federal Program in McCormick County, South Carolina

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

Income Based Apartments in McCormick County, South Carolina

McCormick County features 492 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 McCormick County, South Carolina

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McCormick County.

Housing Choice Vouchers in McCormick County, South Carolina

On average, Section 8 Housing Choice vouchers pay McCormick County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in McCormick County.

The maximum amount a voucher would pay on behalf of a low-income tenant in McCormick County, South Carolina for a two-bedroom apartment is between $895 and $1,093.

Sourced from federal housing data and AffordableHousingOnline.com research.