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Affordable Housing In Greenwood
Greenwood County, South Carolina

17 Low Income Apartment Communities In Greenwood

Hallmark at Greenwood Apartments

337 Emerald Rd N
Greenwood, South Carolina
Call For Rent
2 BR

Cambridge Apartments

230 Cambridge Avenue East
Greenwood, South Carolina
Call For Rent
1 BR

Phoenix Place

1401 Phoenix Street
Greenwood, South Carolina

Twin Oaks Apartments

200 Holman Street
Greenwood, South Carolina

Cardinal Glen Apartments

1524 Parkway
Greenwood, South Carolina

Swann Meadows Apartments

1091 Parkland Place Rd
Greenwood, South Carolina

Wisewood Apartments Associates, Lp

235 Florida Ave
Greenwood, South Carolina

Hampton House Apartments

306 Grove Street
Greenwood, South Carolina

Pineridge Apartments

1548 Parkway
Greenwood, South Carolina
Elderly Supportive Housing

Taggart Court

321 Taggart Ave
Greenwood, South Carolina

Housing Authorities that serve Greenwood

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

Guide To Affordable Housing in Greenwood, South Carolina

There are 17 low income housing apartment communities offering 1,101 affordable apartments for rent in Greenwood, South Carolina.

Income Based Apartments in Greenwood, South Carolina

Greenwood features 812 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 Greenwood, South Carolina

There are 289 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greenwood.

Housing Choice Vouchers in Greenwood, South Carolina

On average, Section 8 Housing Choice vouchers pay Greenwood landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Greenwood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Greenwood, South Carolina for a two-bedroom apartment is between $586 and $716.

2020 Greenwood, South Carolina Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $513 $558 $651 $879 $882
Payment Standard Range $462 to $564 $502 to $614 $586 to $716 $791 to $967 $794 to $970

Sourced from federal housing data and research.

Greenwood, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 1,101
Total Housing Units with Rental Assistance 812
Percentage of Housing Units Occupied By Renters 55.46%
Average Renter Household Size 2.52
Average Household Size 2.52
Median Household Income $24,593 ±$2,541
Median Rent $640 ±$48
Percentage Of Renters Overburdened 57.41% ± 8.53pp
Total Population 23,254

Population and Household Demographics

Greenwood is a city in Greenwood County, South Carolina with a population of 23,254. There are 8,540 households in the city with an average household size of 2.52 persons. 55.46% of households in Greenwood are renters.

Income and Rent Overburden in Greenwood

The median gross income for households in Greenwood is $24,593 a year, or $2,049 a month. The median rent for the city is $640 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Greenwood, a household making less than $2,133 a month would be considered overburdened when renting an apartment at or above the median rent. 57.41% of households who rent are overburdened in Greenwood.

Area Median Income In Greenwood

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

In Greenwood, HUD calculates the Area Median Income for a family of four as $56,300

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 Greenwood

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 HUD Rental Assistance in Greenwood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $30,450 $32,700 $34,950 $37,200
50% of Median $19,750 $22,550 $25,350 $28,150 $30,450 $32,700 $34,950 $37,200
80% of Median $31,550 $36,050 $40,550 $45,050 $48,700 $52,300 $55,900 $59,500