Affordable Housing In Lancaster County
19 Low Income Apartment Communities In Lancaster County
Guide To Affordable Housing in Lancaster County, South Carolina
There are 19 low income housing apartment communities offering 1,072 affordable apartments for rent in Lancaster County, South Carolina.
Income Based Apartments in Lancaster County, South Carolina
Lancaster County features 531 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 Lancaster County, South Carolina
There are 541 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lancaster County.
Housing Choice Vouchers in Lancaster County, South Carolina
On average, Section 8 Housing Choice vouchers pay Lancaster County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Lancaster County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lancaster County, South Carolina for a two-bedroom apartment is between $720 and $880.
2020 Lancaster 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||$521||$607||$800||$1,038||$1,084|
|Payment Standard Range||$469 to $573||$546 to $668||$720 to $880||$934 to $1,142||$976 to $1,192|
Sourced from federal housing data and AffordableHousingOnline.com research.
Lancaster County, SC Affordable Housing Snapshot
|Total Affordable Apartment Properties||19|
|Total Low Income Apartments||1,072|
|Total Housing Units with Rental Assistance||531|
|Percentage of Housing Units Occupied By Renters||23.15%|
|Average Renter Household Size||2.90|
|Average Household Size||2.70|
|Median Household Income||$44,016 ±$1,892|
|Median Rent||$687 ±$28|
|Percentage Of Renters Overburdened||45.77% ± 4.95pp|
Population and Household Demographics
Lancaster County is a county in South Carolina with a population of 81,263. There are 29,395 households in the county with an average household size of 2.70 persons. 23.15% of households in Lancaster County are renters.
Income and Rent Overburden in Lancaster County
The median gross income for households in Lancaster County is $44,016 a year, or $3,668 a month. The median rent for the county is $687 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lancaster County, a household making less than $2,290 a month would be considered overburdened when renting an apartment at or above the median rent. 45.77% of households who rent are overburdened in Lancaster County.
Area Median Income In Lancaster 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 Lancaster County, HUD calculates the Area Median Income for a family of four as $79,000
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 Lancaster 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 Lancaster County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,150||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$23,600||$26,950||$30,300||$33,650||$36,350||$39,050||$41,750||$44,450|
|80% of Median||$37,700||$43,100||$48,500||$53,850||$58,200||$62,500||$66,800||$71,100|
Cities In Lancaster County
Select A City to View its Apartment Communities and Waiting Lists.
|Indian Land||The HUD funded Public Housing Agency that serves Indian Land is the Housing Authority of Fort Mill.|
|Lancaster||The HUD funded Public Housing Agency that serves Lancaster is the Housing Authority of Lancaster.|