Affordable Housing In Marion
Marion County, South Carolina

6 Low Income Apartment Communities In Marion

Cedar Creek

1510 Mill St
Marion, SC
HCV Welcome

Southern Forest Apartments

132 Luther Rogers Rd
Marion, SC
HCV Welcome

Evans Street

601 Bee St
Marion, SC

Bluff Road

1100 Bluff Rd
Marion, SC

Lou Pearl M. Windon Community

1003 Leitner Court
Marion, SC
Accessible
Disabled Supportive Housing
Subsidized

Silver Trace Apartments

106 Silver Trace Ct
Marion, SC
Subsidized
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There are 6 low income housing apartment complexes which contain 511 affordable apartments for rent in Marion. Many of these rental apartments are income based housing with 431 apartments that set rent based on your income. In Marion, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 80 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Marion

Housing Authority Programs
Housing Authority of Marion Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Marion, South Carolina

Marion, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 511
Total Rent Assisted Apartments 431
Percentage of Housing Units Occupied By Renters 47.66%
Average Renter Household Size 3.12
Total Population 6,793
Housing Units 2,367
Average Household Size 2.86
Median Household Income $29,037 ±$5,287
Median Rent $446 ±$55
Percentage Of Renters Overburdened 54.96% ± 10.15pp

Population and Household Demographics

Marion is a City in Marion County, South Carolina with a population of 6,793. There are 2,367 households in the city with an average household size of 2.86 persons. 47.66% of households in Marion are renters.

Income and Rent Overburden in Marion

The median gross income for households in Marion is $29,037 a year, or $2,420 a month. The median rent for the city is $446 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion, a household making less than $1,487 a month would be considered overburdened when renting an apartment at or above the median rent. 54.96% of households who rent are overburdened in Marion.1

Area Median Income In Marion

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 Marion, the AMI is calculated from all households within Marion County.

In Marion, HUD calculates the Area Median Income for a family of four as $41,600

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 Marion

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 Marion HUD Rental Assistance in Marion

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,250 $30,350 $32,450 $34,550
50% of Median $18,350 $20,950 $23,550 $26,150 $28,250 $30,350 $32,450 $34,550
80% of Median $29,300 $33,500 $37,700 $41,850 $45,200 $48,550 $51,900 $55,250
Low Income Housing Tax Credits in Marion

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2000, 3 low income apartment communities containing 124 rental apartments have been constructed and made affordable to low income persons in Marion by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Marion

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,350 $20,950 $23,550 $26,150 $28,250 $30,350 $32,450 $34,550
60% of Median $22,020 $25,140 $28,260 $31,380 $33,900 $36,420 $38,940 $41,460

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Marion is $28,260 a year, or $2,355 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,355 by 30% to get a maximum rent of $707 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $459 $491 $589 $680 $759 $838
60% $551 $590 $707 $816 $911 $1,005
Fair Market Rents in Marion

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$586 $601 $688 $927 $930