Affordable Housing In Lexington County
34 Low Income Apartment Communities In Lexington County
Housing Authorities that serve Lexington County
|South Carolina State Housing Finance and Development Authority||Section 8 Housing Choice Voucher (HCV); Homeownership Voucher|
|Cayce Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Lexington County, South Carolina
There are 34 low income housing apartment communities offering 1,521 affordable apartments for rent in Lexington County, South Carolina.
Income Based Apartments in Lexington County, South Carolina
Lexington County features 583 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 Lexington County, South Carolina
There are 938 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington County.
Housing Choice Vouchers in Lexington County, South Carolina
On average, Section 8 Housing Choice vouchers pay Lexington County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Lexington County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington County, South Carolina for a two-bedroom apartment is between $838 and $1,024.
2020 Lexington 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||$706||$818||$931||$1,204||$1,491|
|Payment Standard Range||$635 to $777||$736 to $900||$838 to $1,024||$1,084 to $1,324||$1,342 to $1,640|
Sourced from federal housing data and AffordableHousingOnline.com research.
Lexington County, SC Affordable Housing Snapshot
|Total Affordable Apartment Properties||34|
|Total Low Income Apartments||1,521|
|Total Housing Units with Rental Assistance||583|
|Percentage of Housing Units Occupied By Renters||26.41%|
|Average Renter Household Size||2.52|
|Average Household Size||2.54|
|Median Household Income||$53,857 ±$869|
|Median Rent||$837 ±$16|
|Percentage Of Renters Overburdened||43.19% ± 2.08pp|
Population and Household Demographics
Lexington County is a county in South Carolina with a population of 273,843. There are 106,637 households in the county with an average household size of 2.54 persons. 26.41% of households in Lexington County are renters.
Income and Rent Overburden in Lexington County
The median gross income for households in Lexington County is $53,857 a year, or $4,488 a month. The median rent for the county is $837 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lexington County, a household making less than $2,790 a month would be considered overburdened when renting an apartment at or above the median rent. 43.19% of households who rent are overburdened in Lexington County.
Area Median Income In Lexington 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 Lexington County, HUD calculates the Area Median Income for a family of four as $72,600
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 Lexington 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 Lexington County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,300||$17,450||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$25,450||$29,050||$32,700||$36,300||$39,250||$42,150||$45,050||$47,950|
|80% of Median||$40,700||$46,500||$52,300||$58,100||$62,750||$67,400||$72,050||$76,700|
Cities In Lexington County
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