Affordable Housing In Greenwood County
18 Low Income Apartment Communities In Greenwood County
Guide To Affordable Housing in Greenwood County, South Carolina
There are 18 low income housing apartment communities offering 1,163 affordable apartments for rent in Greenwood County, South Carolina.
Income Based Apartments in Greenwood County, South Carolina
Greenwood County 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 County, South Carolina
There are 351 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greenwood County.
Housing Choice Vouchers in Greenwood County, South Carolina
On average, Section 8 Housing Choice vouchers pay Greenwood County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Greenwood County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Greenwood County, South Carolina for a two-bedroom apartment is between $650 and $794.
2021 Greenwood County, 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|
|Greenwood County, South Carolina Fair Market Rent||$619||$628||$722||$971||$979|
|Greenwood County, South Carolina Payment Standard Range||$557 to $681||$565 to $691||$650 to $794||$874 to $1,068||$881 to $1,077|
Sourced from federal housing data and AffordableHousingOnline.com research.
Greenwood County, SC Affordable Housing Snapshot
|Total Affordable Apartment Properties||18|
|Total Low Income Apartments||1,163|
|Total Housing Units with Rental Assistance||812|
|Percentage of Housing Units Occupied By Renters||34.71%|
|Average Renter Household Size||2.44|
|Average Household Size||2.52|
|Median Household Income||$37,060 ±$1,222|
|Median Rent||$657 ±$34|
|Percentage Of Renters Overburdened||49.92% ± 5.9pp|
Population and Household Demographics
Greenwood County is a county in South Carolina with a population of 69,771. There are 26,709 households in the county with an average household size of 2.52 persons. 34.71% of households in Greenwood County are renters.
Income and Rent Overburden in Greenwood County
The median gross income for households in Greenwood County is $37,060 a year, or $3,088 a month. The median rent for the county is $657 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Greenwood County, a household making less than $2,190 a month would be considered overburdened when renting an apartment at or above the median rent. 49.92% of households who rent are overburdened in Greenwood County.
Area Median Income In Greenwood County
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.
In Greenwood County, HUD calculates the Area Median Income for a family of four as $54,800
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 County
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 County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Greenwood County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Greenwood County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Greenwood County AMI may qualify for rental assistance programs that target Low Income households.