Loris, South Carolina Affordable Housing

Affordable Housing programs support 94 income based apartments in Loris where households pay rent based on how much they earn.

There are 76 affordable apartments in Loris that offer reduced rents to low-income households.

Waiting Lists in Loris, South Carolina

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

Loris Gardens

4265 Suggs Street
Loris, South Carolina
Call For Rent
1-2 BR
Affordable

Tall Pines I

4300 Harrelson Ave
Loris, South Carolina
Rent Assisted

Palmettos Way Apartments

4399 Suggs St
Loris, South Carolina
Affordable

Watsons Place

Heritage RD
Loris, South Carolina
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Creekwood Apts

2340 Main St
Loris, South Carolina
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Affordable Housing Near Loris

View affordable apartments and waiting lists in cities near Loris

City Apartments
Myrtle Beach, SC Affordable Housing programs support 19 apartment communities in Myrtle Beach.
Conway, SC Affordable Housing programs support 17 apartment communities in Conway.
Aynor, SC Affordable Housing programs support 2 apartment communities in Aynor.
Little River, SC Affordable Housing programs support 2 apartment communities in Little River.
Red Hill, SC Affordable Housing programs support 1 apartment communities in Red Hill.

Loris, South Carolina Affordable Housing Data

Income Based Apartments in Loris, South Carolina

Loris features 94 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 Loris, South Carolina

There are 76 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Loris.

Housing Choice Vouchers in Loris, South Carolina

On average, Section 8 Housing Choice vouchers pay Loris landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Loris.

The maximum amount a voucher would pay on behalf of a low-income tenant in Loris, South Carolina for a two-bedroom apartment is between $1,027 and $1,255.

2023 Loris, 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
Loris, South Carolina Fair Market Rent $966 $991 $1,141 $1,455 $1,642
Loris, South Carolina Payment Standard Range $869 to $1,063 $892 to $1,090 $1,027 to $1,255 $1,310 to $1,601 $1,478 to $1,806

Sourced from federal housing data and AffordableHousingOnline.com research.

Loris, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 170
Total Housing Units with Rental Assistance 94
Percentage of Housing Units Occupied By Renters 38.99%
Average Renter Household Size 2.23
Average Household Size 2.58
Median Household Income $33,393 ±$5,123
Median Rent $656 ±$38
Percentage Of Renters Overburdened 65.01% ± 18.21pp
Total Population 2,500

Population and Household Demographics

Loris is a city in Horry County, South Carolina with a population of 2,500. There are 931 households in the city with an average household size of 2.58 persons. 38.99% of households in Loris are renters.

Income and Rent Overburden in Loris

The median gross income for households in Loris is $33,393 a year, or $2,783 a month. The median rent for the city is $656 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Loris, a household making less than $2,187 a month would be considered overburdened when renting an apartment at or above the median rent. 65.01% of households who rent are overburdened in Loris.

Area Median Income In Loris

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 Loris, the AMI is calculated from all households within Horry County.

In Loris, 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 Loris

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 Loris

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 Loris AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,350 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $45,100
50% AMI Income Limits
Renters earning up to 50% of the Loris AMI may qualify for rental assistance programs that target Very Low Income households.
$23,950 $27,350 $30,750 $34,150 $36,900 $39,650 $42,350 $45,100
80% AMI Income Limits
Renters earning up to 80% of the Loris AMI may qualify for rental assistance programs that target Low Income households.
$38,300 $43,750 $49,200 $54,650 $59,050 $63,400 $67,800 $72,150