Affordable Housing In Colleton County
South Carolina

9 Low Income Apartment Communities In Colleton County

Magnolia Village

450 Spruce Street
Walterboro, SC
Call For Rent
1 BR
62+
Accessible
HCV Welcome

Druid Hills II Apartments

189 Beach Rd
Walterboro, SC
Subsidized

Bay Meadows Apartments

200 Dorsey Street
Walterboro, SC
Subsidized

Hillcrest Apartments

518 Sniders Hwy
Walterboro, SC
Subsidized

Colleton Heights ( Aka Druid Hills I )

300 Sniders Hwy
Walterboro, SC
Subsidized

Walterboro Village Associates, Alp

501 Greenpond Hwy
Walterboro, SC
Subsidized

Meadow Creek Apartments

156 Kimbrell St
Walterboro, SC
HCV Welcome

Edisto Terrace Apartments

180 Mabel T Willis Blvd
Walterboro, SC
HCV Welcome

Cambridge Pointe

116 Neyle St
Walterboro, SC
HCV Welcome
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Housing Authorities that serve Colleton County

Housing Authority Programs
South Carolina State Housing Finance and Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher

Guide To Affordable Housing in Colleton County, South Carolina

There are 9 low income housing apartment communities offering 466 affordable apartments for rent in Colleton County, South Carolina. Colleton County features 324 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 142 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Colleton County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Colleton County, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 466
Total Housing Units with Rental Assistance 324
Percentage of Housing Units Occupied By Renters 26.6%
Average Renter Household Size 2.72
Average Household Size 2.53
Median Household Income $32,804 ±$2,734
Median Rent $705 ±$25
Percentage Of Renters Overburdened 43.79% ± 7.58pp
Total Population 38,004

Population and Household Demographics

Colleton County is a County in South Carolina with a population of 38,004. There are 14,774 households in the county with an average household size of 2.53 persons. 26.6% of households in Colleton County are renters.

Income and Rent Overburden in Colleton County

The median gross income for households in Colleton County is $32,804 a year, or $2,734 a month. The median rent for the county is $705 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Colleton County, a household making less than $2,350 a month would be considered overburdened when renting an apartment at or above the median rent. 43.79% of households who rent are overburdened in Colleton County.1

Area Median Income In Colleton County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Colleton County, HUD calculates the Area Median Income for a family of four as $44,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Colleton County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Colleton County HUD Rental Assistance in Colleton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,250 $30,350 $32,450 $34,550
50% of Median $18,350 $20,950 $23,550 $26,150 $28,250 $30,350 $32,450 $34,550
80% of Median $29,300 $33,500 $37,700 $41,850 $45,200 $48,550 $51,900 $55,250
Low Income Housing Tax Credits in Colleton County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1995 to 2008, 6 low income apartment communities containing 221 rental apartments have been constructed and made affordable to low income persons in Colleton County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Colleton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,350 $20,950 $23,550 $26,150 $28,250 $30,350 $32,450 $34,550
60% of Median $22,020 $25,140 $28,260 $31,380 $33,900 $36,420 $38,940 $41,460

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Colleton County is $28,260 a year, or $2,355 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,355 by 30% to get a maximum rent of $707 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $459 $491 $589 $680 $759 $838
60% $551 $590 $707 $816 $911 $1,005
Fair Market Rents in Colleton County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$536 $597 $680 $883 $921

Cities In Colleton County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Walterboro 9 The HUD funded Public Housing Agency that serves Walterboro is the South Carolina State Housing Finance and Development Authority.
Cottageville 0 The HUD funded Public Housing Agency that serves Cottageville is the South Carolina State Housing Finance and Development Authority.
Edisto Beach 0 The HUD funded Public Housing Agency that serves Edisto Beach is the South Carolina State Housing Finance and Development Authority.
Islandton 0 The HUD funded Public Housing Agency that serves Islandton is the South Carolina State Housing Finance and Development Authority.
Jacksonboro 0 The HUD funded Public Housing Agency that serves Jacksonboro is the South Carolina State Housing Finance and Development Authority.
Lodge 0 The HUD funded Public Housing Agency that serves Lodge is the South Carolina State Housing Finance and Development Authority.
Smoaks 0 The HUD funded Public Housing Agency that serves Smoaks is the South Carolina State Housing Finance and Development Authority.
Williams 0 The HUD funded Public Housing Agency that serves Williams is the South Carolina State Housing Finance and Development Authority.