Cheap Apartments In Fort Mill
York County, South Carolina

Low Income Apartments In Fort Mill

Avery Lake Apartments

100 Lestina Dr
Fort Mill, SC
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Forest Ridge

2300 Forest Ridge Dr
Fort Mill, SC
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Comm Research and Dev Assoc

Avery Lake
Fort Mill, SC
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Knollwood Apartments

706 Banks Rd
Fort Mill, SC

Bozeman Drive

130 Bozeman Dr
Fort Mill, SC

Glenwood Falls

917 Archie St
Fort Mill, SC
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Edgewood Apartments

1550 Banks Rd
Fort Mill, SC
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There are 7 low income housing apartment complexes which contain 625 affordable apartments for rent in Fort Mill, South Carolina. Many of these rental apartments are income based housing with about 142 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Fort Mill. There are 483 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Fort Mill

Housing Authority Programs
Housing Authority of Fort Mill Section 8 Housing Choice Voucher; Public Housing

Understanding Affordable Housing in Fort Mill, South Carolina

Fort Mill, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 625
Total Rent Assisted Apartments 142
Percentage of Housing Units Occupied By Renters 35.45%
Average Renter Household Size 2.18
Total Population 12,525
Housing Units 4,953
Average Household Size 2.53
Median Household Income $61,773 ±$5,956
Median Rent $855 ±$42
Percentage Of Renters Overburdened 49.15% ± 8.63pp

Population and Household Demographics

Fort Mill is a City in York County, South Carolina with a population of 12,525. There are 4,953 households in the city with an average household size of 2.53 persons. 35.45% of households in Fort Mill are renters.

Income and Rent Overburden in Fort Mill

The median gross income for households in Fort Mill is $61,773 a year, or $5,148 a month. The median rent for the city is $855 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fort Mill, a household making less than $2,850 a month would be considered overburdened when renting an apartment at or above the median rent. 49.15% of households who rent are overburdened in Fort Mill.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 8.63 percentage points.

Area Median Income In Fort Mill

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 Fort Mill, the AMI is calculated from all households within York County.

In Fort Mill, HUD calculates the Area Median Income for a family of four as $74,100

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 Fort Mill

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 Fort Mill HUD Rental Assistance in Fort Mill

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,600 $17,800 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $25,950 $29,650 $33,350 $37,050 $40,050 $43,000 $45,950 $48,950
80% of Median $41,550 $47,450 $53,400 $59,300 $64,050 $68,800 $73,550 $78,300

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Fort Mill

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

From 1988 to 2004, 4 low income apartment communities containing 279 rental apartments have been constructed and made affordable to low income persons in Fort Mill by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Fort Mill by looking for the tag in the apartment list above. View Apartments.

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 Fort Mill

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,950 $29,650 $33,350 $37,050 $40,050 $43,000 $45,950 $48,950
HERA 50% $26,000 $29,700 $33,400 $37,100 $40,100 $43,050 $46,050 $49,000
60% of Median $31,140 $35,580 $40,020 $44,460 $48,060 $51,600 $55,140 $58,740
HERA 60% $31,200 $35,640 $40,080 $44,520 $48,120 $51,660 $55,260 $58,800

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 Fort Mill is $40,020 a year, or $3,335 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,335 by 30% to get a maximum rent of $1,001 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% $649 $695 $834 $964 $1,075 $1,186
60% $779 $834 $1,001 $1,157 $1,290 $1,424
Fair Market Rents in Fort Mill

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$875 $897 $1,028 $1,388 $1,779