Affordable Housing In McCormick County
South Carolina

8 Low Income Apartment Communities In McCormick County

Westowne Apartments

437 Talbert Road
Mccormick, SC
Subsidized

Cherry Manor Apartments

700 Cherry Street
Mccormick, SC
Subsidized

The Oaks Apartments

500 Pine Street Ext
Mccormick, SC
Call For Rent
1 BR
62+
Accessible
HCV Welcome

Mccormick Manor

713 S Mine Street
Mccormick, SC
Call For Rent
1 BR
62+
Accessible
HCV Welcome

Willow Creek of McCormick

312 Pine Street
Mccormick, SC
Subsidized

Timber Ridge Apartments

308 Wall Rd
Mccormick, SC
Subsidized

M99 Mhamccorm Mccormick Apartments Rh

Mccormick Apts
Mccormick, SC
HCV Welcome

Gary St Apartments

400 Carolina St
Mccormick, SC
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Housing Authorities that serve McCormick County

Housing Authority Programs
South Carolina Regional Housing Authority No. 1 Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in McCormick County, South Carolina

There are 8 low income housing apartment communities offering 337 affordable apartments for rent in McCormick County, South Carolina. McCormick County features 285 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 52 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in McCormick County.

Sourced from federal housing data and AffordableHousingOnline.com research.

McCormick County, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 337
Total Housing Units with Rental Assistance 285
Percentage of Housing Units Occupied By Renters 23.16%
Average Renter Household Size 2.25
Average Household Size 2.15
Median Household Income $38,712 ±$2,855
Median Rent $507 ±$63
Percentage Of Renters Overburdened 31.5% ± 8.08pp
Total Population 9,895

Population and Household Demographics

McCormick County is a County in South Carolina with a population of 9,895. There are 4,003 households in the county with an average household size of 2.15 persons. 23.16% of households in McCormick County are renters.

Income and Rent Overburden in McCormick County

The median gross income for households in McCormick County is $38,712 a year, or $3,226 a month. The median rent for the county is $507 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McCormick County, a household making less than $1,690 a month would be considered overburdened when renting an apartment at or above the median rent. 31.5% of households who rent are overburdened in McCormick County.1

Area Median Income In McCormick 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 McCormick County, HUD calculates the Area Median Income for a family of four as $53,200

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 McCormick 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 McCormick County HUD Rental Assistance in McCormick County

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 $28,750 $30,900 $33,000 $35,150
50% of Median $18,650 $21,300 $23,950 $26,600 $28,750 $30,900 $33,000 $35,150
80% of Median $29,800 $34,050 $38,300 $42,550 $46,000 $49,400 $52,800 $56,200

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 McCormick County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,650 $21,300 $23,950 $26,600 $28,750 $30,900 $33,000 $35,150
60% of Median $22,380 $25,560 $28,740 $31,920 $34,500 $37,080 $39,600 $42,180

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 McCormick County is $28,740 a year, or $2,395 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,395 by 30% to get a maximum rent of $719 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% $466 $499 $599 $692 $773 $852
60% $560 $599 $719 $830 $927 $1,022
Fair Market Rents in McCormick County

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$491 $494 $651 $882 $937

Cities In McCormick County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Mccormick 8 The HUD funded Public Housing Agency that serves Mccormick is the South Carolina Regional Housing Authority No. 1.
Clarks Hill 0 The HUD funded Public Housing Agency that serves Clarks Hill is the South Carolina Regional Housing Authority No. 1.
Modoc 0 The HUD funded Public Housing Agency that serves Modoc is the South Carolina Regional Housing Authority No. 1.
Mount Carmel 0 The HUD funded Public Housing Agency that serves Mount Carmel is the South Carolina Regional Housing Authority No. 1.
Parksville 0 The HUD funded Public Housing Agency that serves Parksville is the South Carolina Regional Housing Authority No. 1.
Plum Branch 0 The HUD funded Public Housing Agency that serves Plum Branch is the South Carolina Regional Housing Authority No. 1.
Willington 0 The HUD funded Public Housing Agency that serves Willington is the South Carolina Regional Housing Authority No. 1.