Irmo, South Carolina Affordable Housing

Affordable Housing programs support 80 income based apartments in Irmo where households pay rent based on how much they earn.

There are 60 affordable apartments in Irmo that offer reduced rents to low-income households.

Waiting Lists in Irmo, South Carolina

There are no open Section 8 Housing Choice Voucher waiting lists in Irmo. Go to the South Carolina Section 8 Waiting Lists page for openings near Irmo.

Cinnaberry Pointe

1424 Fork Ave
Irmo, South Carolina
Call For Rent
1 BR
55+
Affordable

The Pointe at Lake Murray

110 Ballentine Park Road
Irmo, South Carolina
Call For Rent
2-3 BR
Affordable

Irmo Village Apartments

700 Chipwood Court
Irmo, South Carolina
Rent Assisted
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Affordable Housing Near Irmo

View affordable apartments and waiting lists in cities near Irmo

City Apartments
Lexington, SC Affordable Housing programs support 15 apartment communities in Lexington.
Cayce, SC Affordable Housing programs support 8 apartment communities in Cayce.
Batesburg, SC Affordable Housing programs support 6 apartment communities in Batesburg.
West Columbia, SC Affordable Housing programs support 4 apartment communities in West Columbia.
Leesville, SC Affordable Housing programs support 1 apartment communities in Leesville.

Public Housing Agencies Serving Irmo, 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.

Housing Authority Programs
Cayce Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
South Carolina State Housing Finance and Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher
Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Irmo.

Irmo, South Carolina Affordable Housing Data

Income Based Apartments in Irmo, South Carolina

Irmo features 80 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 Irmo, South Carolina

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Irmo.

Housing Choice Vouchers in Irmo, South Carolina

On average, Section 8 Housing Choice vouchers pay Irmo landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Irmo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Irmo, South Carolina for a two-bedroom apartment is between $1,013 and $1,238.

2023 Irmo, 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
Irmo, South Carolina Fair Market Rent $944 $996 $1,125 $1,442 $1,724
Irmo, South Carolina Payment Standard Range $850 to $1,038 $896 to $1,096 $1,013 to $1,238 $1,298 to $1,586 $1,552 to $1,896

Sourced from federal housing data and AffordableHousingOnline.com research.

Irmo, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 140
Total Housing Units with Rental Assistance 80
Percentage of Housing Units Occupied By Renters 23.68%
Average Renter Household Size 2.55
Average Household Size 2.61
Median Household Income $55,168 ±$4,320
Median Rent $1,049 ±$107
Percentage Of Renters Overburdened 52.92% ± 15.77pp
Total Population 11,704

Population and Household Demographics

Irmo is a city in Lexington County, South Carolina with a population of 11,704. There are 4,476 households in the city with an average household size of 2.61 persons. 23.68% of households in Irmo are renters.

Income and Rent Overburden in Irmo

The median gross income for households in Irmo is $55,168 a year, or $4,597 a month. The median rent for the city is $1,049 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Irmo, a household making less than $3,497 a month would be considered overburdened when renting an apartment at or above the median rent. 52.92% of households who rent are overburdened in Irmo.

Area Median Income In Irmo

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 Irmo, the AMI is calculated from all households within Lexington County.

In Irmo, HUD calculates the Area Median Income for a family of four as $82,400

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 Irmo

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 Irmo

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 Irmo AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,950 $19,400 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Irmo AMI may qualify for rental assistance programs that target Very Low Income households.
$28,250 $32,250 $36,300 $40,300 $43,550 $46,750 $50,000 $53,200
80% AMI Income Limits
Renters earning up to 80% of the Irmo AMI may qualify for rental assistance programs that target Low Income households.
$45,150 $51,600 $58,050 $64,500 $69,700 $74,850 $80,000 $85,150