Affordable Housing In Edgefield
Edgefield County, South Carolina

9 Low Income Apartment Communities In Edgefield

Medical Park Apartments

221 WA Reel Dr
Edgefield, SC
Call For Rent
1 BR
62+
Accessible
HCV Welcome
Subsidized

Edgewood Apartments

180 W.A Reel Drive
Edgefield, SC
Call For Rent
1-2 BR
HCV Welcome

Brighton Ridge Apartments

1048 Woodland Ave
Edgefield, SC
Subsidized

Beaufort Seniors, Lp

Murrah Rd And Sweetwater Dr
Edgefield, SC
HCV Welcome

M02hollybrookpeachtreerh

Peach Tree St
Edgefield, SC
HCV Welcome

Crest Vue

53 Crest Rd
Edgefield, SC
HCV Welcome

Hollybrook

226 Peachtree St
Edgefield, SC
HCV Welcome

Reel Drive Edgefield Rh

140 WA Reel Dr
Edgefield, SC
HCV Welcome

Country Manor Apartments

191 WA Reel Dr
Edgefield, SC
Subsidized
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Housing Authorities that serve Edgefield

Housing Authority Programs
South Carolina Regional Housing Authority No. 1 Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Edgefield, South Carolina

According to federal housing data and AffordableHousingOnline.com research, there are 9 low income housing apartment communities offering 354 affordable apartments for rent in Edgefield, South Carolina. Edgefield features 116 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 238 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Edgefield.

Edgefield, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 354
Total Housing Units with Rental Assistance 116
Percentage of Housing Units Occupied By Renters 47.87%
Average Renter Household Size 2.14
Average Household Size 2.12
Median Household Income $26,735 ±$6,914
Median Rent $534 ±$44
Percentage Of Renters Overburdened 40.92% ± 12.73pp
Total Population 4,723

Population and Household Demographics

Edgefield is a City in Edgefield County, South Carolina with a population of 4,723. There are 1,220 households in the city with an average household size of 2.12 persons. 47.87% of households in Edgefield are renters.

Income and Rent Overburden in Edgefield

The median gross income for households in Edgefield is $26,735 a year, or $2,228 a month. The median rent for the city is $534 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Edgefield, a household making less than $1,780 a month would be considered overburdened when renting an apartment at or above the median rent. 40.92% of households who rent are overburdened in Edgefield.1

Area Median Income In Edgefield

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Edgefield, the AMI is calculated from all households within Edgefield County.

In Edgefield, HUD calculates the Area Median Income for a family of four as $62,800

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 Edgefield

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 Edgefield HUD Rental Assistance in Edgefield

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,200 $16,910 $21,330 $25,750 $30,170 $34,590 $38,950 $41,450
50% of Median $22,000 $25,150 $28,300 $31,400 $33,950 $36,450 $38,950 $41,450
80% of Median $35,200 $40,200 $45,250 $50,250 $54,300 $58,300 $62,350 $66,350
Low Income Housing Tax Credits in Edgefield

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

From 1988 to 2011, 6 low income apartment communities containing 207 rental apartments have been constructed and made affordable to low income persons in Edgefield 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 Edgefield

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,000 $25,150 $28,300 $31,400 $33,950 $36,450 $38,950 $41,450
60% of Median $26,400 $30,180 $33,960 $37,680 $40,740 $43,740 $46,740 $49,740

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 Edgefield is $33,960 a year, or $2,830 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,830 by 30% to get a maximum rent of $849 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% $550 $589 $708 $817 $911 $1,005
60% $660 $707 $849 $980 $1,094 $1,206
Fair Market Rents in Edgefield

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
$689 $722 $848 $1,156 $1,489