How many renters live in Clover, South Carolina?
The City of Clover has 6,800 people living in 2,656 households.
There are 2,077 renters living in 851 renter households in this City. Renters make up 30.54 percent of the population living in Clover.
What is the rental market like in Clover, South Carolina?
There are an estimated 2,864 housing units in the Clover area. Of these, 872 units are rental homes, making up 30 percent of the housing market. For every renter household in Clover, South Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Clover?
The rental vacancy rate in Clover is 2 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 Clover for each bedroom size?
Occupied Rental Units by Size in Clover
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 317 | 286 | 165 | 38 |
Occupied Rental Units by Size in Clover
A large number of apartments in Clover 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 Clover are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 10 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 Clover
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,347 |
| One BR | $1,384 |
| Two BR | $1,554 |
| Three BR | $1,936 |
| Four BR | $2,481 |
2024 Fair Market Rents in Clover, South Carolina
How many units are rented at Fair Market Rent (FMR) in Clover?
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 | 268 | 85 percent |
| Two BR | 286 | 100 percent |
Rental Units Below FMR in Clover, South Carolina
How many affordable rental units are in Clover?
There are a variety of federal affordable housing programs serving households in Clover, South Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 170 |
| Public Housing | 49 |
| Section 8 Project-Based Rental Assistance | 48 |
| Section 811 Supportive Housing for Persons with Disabilities | 18 |
| USDA Section 515 Rural Rental Housing | 84 |
Tracked Units by Federal Program in Clover, South Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Clover, South Carolina
Clover features 598 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 Clover, South Carolina
There are 42 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Clover.
Housing Choice Vouchers in Clover, South Carolina
On average, Section 8 Housing Choice vouchers pay Clover landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Clover.
The maximum amount a voucher would pay on behalf of a low-income tenant in Clover, South Carolina for a two-bedroom apartment is between $1,399 and $1,709.
Sourced from federal housing data and AffordableHousingOnline.com research.
