Affordable Housing In Horry County
38 Low Income Apartment Communities In Horry County
Other Housing Authorities located in Horry County
|Housing Authority of Conway||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Housing Authority of Myrtle Beach||Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Mainstream Voucher|
|Housing Authority of Atlantic Beach||Public Housing|
Guide To Affordable Housing in Horry County, South Carolina
There are 38 low income housing apartment communities offering 2,080 affordable apartments for rent in Horry County, South Carolina.
Income Based Apartments in Horry County, South Carolina
Horry County features 1,000 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 Horry County, South Carolina
There are 1,050 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Horry County.
Housing Choice Vouchers in Horry County, South Carolina
On average, Section 8 Housing Choice vouchers pay Horry County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Horry County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Horry County, South Carolina for a two-bedroom apartment is between $897 and $1,097.
2020 Horry 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|
|Fair Market Rent||$812||$847||$997||$1,288||$1,460|
|Payment Standard Range||$731 to $893||$762 to $932||$897 to $1,097||$1,159 to $1,417||$1,314 to $1,606|
Sourced from federal housing data and AffordableHousingOnline.com research.
Horry County, SC Affordable Housing Snapshot
|Total Affordable Apartment Properties||38|
|Total Low Income Apartments||2,080|
|Total Housing Units with Rental Assistance||1,000|
|Percentage of Housing Units Occupied By Renters||30.97%|
|Average Renter Household Size||2.60|
|Average Household Size||2.43|
|Median Household Income||$43,299 ±$1,047|
|Median Rent||$843 ±$12|
|Percentage Of Renters Overburdened||51.11% ± 2.38pp|
Population and Household Demographics
Horry County is a County in South Carolina with a population of 290,730. There are 118,738 households in the county with an average household size of 2.43 persons. 30.97% of households in Horry County are renters.
Income and Rent Overburden in Horry County
The median gross income for households in Horry County is $43,299 a year, or $3,608 a month. The median rent for the county is $843 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Horry County, a household making less than $2,810 a month would be considered overburdened when renting an apartment at or above the median rent. 51.11% of households who rent are overburdened in Horry County.1
Area Median Income In Horry 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 Horry County, HUD calculates the Area Median Income for a family of four as $61,200
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 Horry 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 Horry County HUD Rental Assistance in Horry County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,850||$16,910||$21,330||$25,750||$30,170||$34,590||$37,950||$40,400|
|50% of Median||$21,450||$24,500||$27,550||$30,600||$33,050||$35,500||$37,950||$40,400|
|80% of Median||$34,300||$39,200||$44,100||$48,950||$52,900||$56,800||$60,700||$64,650|
Cities In Horry County
Select A City to View its Apartment Communities and Waiting Lists.
|Myrtle Beach||15||The HUD funded Public Housing Agency that serves Myrtle Beach is the Housing Authority of Myrtle Beach.|
|Conway||14||The HUD funded Public Housing Agency that serves Conway is the Housing Authority of Conway.|
|North Myrtle Beach||0|