Affordable Housing In Elgin
Kershaw County, South Carolina

Housing Authorities that serve Elgin

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

Guide To Affordable Housing in Elgin, South Carolina

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Elgin, South Carolina.

Income Based Apartments in Elgin, South Carolina

Elgin features 0 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 Elgin, South Carolina

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

Housing Choice Vouchers in Elgin, South Carolina

On average, Section 8 Housing Choice vouchers pay Elgin landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elgin.

The maximum amount a voucher would pay on behalf of a low-income tenant in Elgin, South Carolina for a two-bedroom apartment is between $646 and $790.

2021 Elgin, South Carolina Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Elgin, South Carolina Fair Market Rent $585 $630 $718 $1,028 $1,243
Elgin, South Carolina Payment Standard Range $527 to $644 $567 to $693 $646 to $790 $925 to $1,131 $1,119 to $1,367

Sourced from federal housing data and AffordableHousingOnline.com research.

Elgin, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 15.89%
Average Renter Household Size 3.78
Average Household Size 2.99
Median Household Income $57,500 ±$8,803
Median Rent $920 ±$280
Percentage Of Renters Overburdened 26.83% ± 12.59pp
Total Population 1,542

Population and Household Demographics

Elgin is a city in Kershaw County, South Carolina with a population of 1,542. There are 516 households in the city with an average household size of 2.99 persons. 15.89% of households in Elgin are renters.

Income and Rent Overburden in Elgin

The median gross income for households in Elgin is $57,500 a year, or $4,792 a month. The median rent for the city is $920 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elgin, a household making less than $3,067 a month would be considered overburdened when renting an apartment at or above the median rent. 26.83% of households who rent are overburdened in Elgin.

Area Median Income In Elgin

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 Elgin, the AMI is calculated from all households within Kershaw County.

In Elgin, HUD calculates the Area Median Income for a family of four as $59,300

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 Elgin

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 HUD Rental Assistance in Elgin

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Elgin AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $31,040 $35,350 $37,800 $40,200
50% AMI Income Limits
Renters earning up to 50% of the Elgin AMI may qualify for rental assistance programs that target Very Low Income households.
$21,350 $24,400 $27,450 $30,450 $32,900 $35,350 $37,800 $40,200
80% AMI Income Limits
Renters earning up to 80% of the Elgin AMI may qualify for rental assistance programs that target Low Income households.
$34,100 $39,000 $43,850 $48,700 $52,600 $56,500 $60,400 $64,300