Affordable Housing In Florence County
South Carolina

45 Low Income Apartment Communities In Florence County

Attwood Pointe

155 Attwood Ave
Florence, SC
Call For Rent
2-3 BR
HCV Welcome

Pembrook Apartments

464 East Sixth Ave
Pamplico, SC
Call For Rent
1-2 BR
HCV Welcome
Subsidized

Cole Road Apartments

324 Koger Circle
Lake City, SC
Subsidized

Wren Village

104 N Matthews Rd
Lake City, SC
Subsidized

Sparrow Ridge Apartments

701 E Smith Street
Timmonsville, SC
HCV Welcome
Subsidized

Swann Lakes Apartments

212 Peggy Ct
Lake City, SC

Palmetto Frond Apartments

304 Frond Circle
Lake City, SC
HCV Welcome
Subsidized

Willow Glen Apartments

226 E Howe Springs Rd
Florence, SC
62+
Accessible
Elderly Supportive Housing
Subsidized

Pine Acres

220 Kelley Street
Lake City, SC

Bailey Gardens Apartments

258 Retha Drive
Lake City, SC
Subsidized

Housing Authorities that serve Florence County

Housing Authority Programs
Housing Authority of Florence Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Florence County

Housing Authority Programs
Lake City Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Florence County, South Carolina

There are 45 low income housing apartment communities offering 2,371 affordable apartments for rent in Florence County, South Carolina. Florence County features 1,781 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 590 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Florence County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Florence County, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 45
Total Low Income Apartments 2,371
Total Housing Units with Rental Assistance 1,781
Percentage of Housing Units Occupied By Renters 33.76%
Average Renter Household Size 2.52
Average Household Size 2.61
Median Household Income $42,080 ±$1,211
Median Rent $676 ±$16
Percentage Of Renters Overburdened 42.33% ± 3.24pp
Total Population 138,330

Population and Household Demographics

Florence County is a County in South Carolina with a population of 138,330. There are 51,847 households in the county with an average household size of 2.61 persons. 33.76% of households in Florence County are renters.

Income and Rent Overburden in Florence County

The median gross income for households in Florence County is $42,080 a year, or $3,507 a month. The median rent for the county is $676 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Florence County, a household making less than $2,253 a month would be considered overburdened when renting an apartment at or above the median rent. 42.33% of households who rent are overburdened in Florence County.1

Area Median Income In Florence 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 Florence County, HUD calculates the Area Median Income for a family of four as $62,000

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 Florence 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 Florence County HUD Rental Assistance in Florence County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,750 $16,910 $21,330 $25,750 $30,170 $34,590 $37,650 $40,100
50% of Median $21,250 $24,300 $27,350 $30,350 $32,800 $35,250 $37,650 $40,100
80% of Median $34,000 $38,850 $43,700 $48,550 $52,450 $56,350 $60,250 $64,100
Low Income Housing Tax Credits in Florence County

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

From 1988 to 2012, 14 low income apartment communities containing 539 rental apartments have been constructed and made affordable to low income persons in Florence 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 Florence County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $21,250 $24,300 $27,350 $30,350 $32,800 $35,250 $37,650 $40,100
60% of Median $25,500 $29,160 $32,820 $36,420 $39,360 $42,300 $45,180 $48,120

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 Florence County is $32,820 a year, or $2,735 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,735 by 30% to get a maximum rent of $821 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% $531 $569 $684 $789 $881 $972
60% $638 $683 $821 $947 $1,058 $1,166
Fair Market Rents in Florence 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
$607 $611 $785 $991 $1,219

Cities In Florence County

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

City Listings Served By
Florence 28 The HUD funded Public Housing Agency that serves Florence is the Housing Authority of Florence.
Lake City 12 The HUD funded Public Housing Agencies that serve Lake City are the Lake City Housing Authority and Housing Authority of Florence.
Pamplico 1 The HUD funded Public Housing Agency that serves Pamplico is the Housing Authority of Florence.
Timmonsville 3 The HUD funded Public Housing Agency that serves Timmonsville is the Housing Authority of Florence.
John 0 The HUD funded Public Housing Agency that serves John is the Housing Authority of Florence.
Johnsonville 1 The HUD funded Public Housing Agency that serves Johnsonville is the Housing Authority of Florence.
Coward 0 The HUD funded Public Housing Agency that serves Coward is the Housing Authority of Florence.
Scranton 0 The HUD funded Public Housing Agency that serves Scranton is the Housing Authority of Florence.
Olanta 0 The HUD funded Public Housing Agency that serves Olanta is the Housing Authority of Florence.
Quinby 0 The HUD funded Public Housing Agency that serves Quinby is the Housing Authority of Florence.