Affordable Housing In Georgetown
Georgetown County, South Carolina

10 Low Income Apartment Communities In Georgetown

Georgetown Landing

2107 Lincoln Street
Georgetown, SC
Income Based
2-3 BR
HCV Welcome

Millner Elderly Housing, Inc

200 Montford Dr
Georgetown, SC
62+
Accessible
Elderly Supportive Housing
Subsidized

Bethel Apartments Inc

1810 Gilbert Street
Georgetown, SC
Subsidized

Plantation Apartments

185 Montford Dr
Georgetown, SC
HCV Welcome

Georgetown Commons

Martin St
Georgetown, SC
HCV Welcome

Georgetown Commons

215 Martin St
Georgetown, SC
Subsidized

Westside Apartments

1 McCaffrey Ct
Georgetown, SC

Maryville South Apartments

6 Hinds St
Georgetown, SC

Hickory Knoll

2800 Church St
Georgetown, SC
HCV Welcome

Andrew S Partin

1604 Duke St
Georgetown, SC
HCV Welcome
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Housing Authorities that serve Georgetown

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

Guide To Affordable Housing in Georgetown, South Carolina

There are 10 low income housing apartment communities offering 761 affordable apartments for rent in Georgetown, South Carolina. Georgetown features 415 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 346 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Georgetown.

Sourced from federal housing data and AffordableHousingOnline.com research.

Georgetown, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 761
Total Housing Units with Rental Assistance 415
Percentage of Housing Units Occupied By Renters 41.67%
Average Renter Household Size 2.97
Average Household Size 2.75
Median Household Income $24,534 ±$5,411
Median Rent $643 ±$87
Percentage Of Renters Overburdened 48.84% ± 12.64pp
Total Population 9,079

Population and Household Demographics

Georgetown is a City in Georgetown County, South Carolina with a population of 9,079. There are 3,218 households in the city with an average household size of 2.75 persons. 41.67% of households in Georgetown are renters.

Income and Rent Overburden in Georgetown

The median gross income for households in Georgetown is $24,534 a year, or $2,045 a month. The median rent for the city is $643 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Georgetown, a household making less than $2,143 a month would be considered overburdened when renting an apartment at or above the median rent. 48.84% of households who rent are overburdened in Georgetown.1

Area Median Income In Georgetown

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 Georgetown, the AMI is calculated from all households within Georgetown County.

In Georgetown, HUD calculates the Area Median Income for a family of four as $59,400

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 Georgetown

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 Georgetown HUD Rental Assistance in Georgetown

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,500 $16,910 $21,330 $25,750 $30,170 $34,500 $36,850 $39,250
50% of Median $20,800 $23,800 $26,750 $29,700 $32,100 $34,500 $36,850 $39,250
80% of Median $33,250 $38,000 $42,750 $47,500 $51,300 $55,100 $58,900 $62,700
Low Income Housing Tax Credits in Georgetown

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

From 1989 to 2010, 4 low income apartment communities containing 250 rental apartments have been constructed and made affordable to low income persons in Georgetown 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 Georgetown

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,800 $23,800 $26,750 $29,700 $32,100 $34,500 $36,850 $39,250
60% of Median $24,960 $28,560 $32,100 $35,640 $38,520 $41,400 $44,220 $47,100

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 Georgetown is $32,100 a year, or $2,675 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,675 by 30% to get a maximum rent of $803 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% $520 $558 $669 $773 $863 $951
60% $624 $669 $803 $927 $1,035 $1,142
Fair Market Rents in Georgetown

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
$579 $583 $748 $1,079 $1,081