Affordable Housing In Fort Mill
Waiting List Openings In Fort Mill
|Housing Authority of Fort Mill Other||Open Now|
7 Low Income Apartment Communities In Fort Mill
Housing Authorities that serve Fort Mill
|Housing Authority of Fort Mill||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Fort Mill, South Carolina
There are 7 low income housing apartment communities offering 624 affordable apartments for rent in Fort Mill, South Carolina. Fort Mill features 141 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 483 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Fort Mill.
Sourced from federal housing data and AffordableHousingOnline.com research.
Fort Mill, SC Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||624|
|Total Housing Units with Rental Assistance||141|
|Percentage of Housing Units Occupied By Renters||35.45%|
|Average Renter Household Size||2.18|
|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
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 $79,000
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 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||$16,600||$19,000||$21,350||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$27,650||$31,600||$35,550||$39,500||$42,700||$45,850||$49,000||$52,150|
|80% of Median||$44,250||$50,600||$56,900||$63,200||$68,300||$73,350||$78,400||$83,450|
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.
2020 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|