What HUD offices serve Fountain Inn, South Carolina?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Fountain Inn.
How many renters live in Fountain Inn, South Carolina?
The City of Fountain Inn has 10,675 people living in 3,879 households.
There are 3,067 renters living in 1,132 renter households in this City. Renters make up 28.73 percent of the population living in Fountain Inn.
What is the rental market like in Fountain Inn, South Carolina?
There are an estimated 4,287 housing units in the Fountain Inn area. Of these, 1,206 units are rental homes, making up 28 percent of the housing market. For every renter household in Fountain Inn, South Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Fountain Inn?
The rental vacancy rate in Fountain Inn is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Fountain Inn for each bedroom size?
Occupied Rental Units by Size in Fountain Inn
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 24 | 108 | 523 | 473 | 0 |
Occupied Rental Units by Size in Fountain Inn
A large number of apartments in Fountain Inn have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Fountain Inn are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 23 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Fountain Inn
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,032 to $1,797. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,032 |
| One BR | $1,074 |
| Two BR | $1,206 |
| Three BR | $1,500 |
| Four BR | $1,797 |
2024 Fair Market Rents in Fountain Inn, South Carolina
How many units are rented at Fair Market Rent (FMR) in Fountain Inn?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 2 | 8 percent |
| One BR | 85 | 79 percent |
| Two BR | 376 | 72 percent |
Rental Units Below FMR in Fountain Inn, South Carolina
How many affordable rental units are in Fountain Inn?
There are a variety of federal affordable housing programs serving households in Fountain Inn, South Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 224 |
| Public Housing | 63 |
| Section 8 Project-Based Rental Assistance | 12 |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
| USDA Section 515 Rural Rental Housing | 44 |
Tracked Units by Federal Program in Fountain Inn, South Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fountain Inn, South Carolina
Fountain Inn features 298 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 Fountain Inn, South Carolina
There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fountain Inn.
Housing Choice Vouchers in Fountain Inn, South Carolina
On average, Section 8 Housing Choice vouchers pay Fountain Inn landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Fountain Inn.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fountain Inn, South Carolina for a two-bedroom apartment is between $1,085 and $1,327.
Sourced from federal housing data and AffordableHousingOnline.com research.
