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Affordable Housing In Mccormick
McCormick County, South Carolina

8 Low Income Apartment Communities In Mccormick

Westowne Apartments

437 Talbert Road
Mccormick, South Carolina
Subsidized

Cherry Manor Apartments

700 Cherry Street
Mccormick, South Carolina
Subsidized

The Oaks Apartments

500 Pine Street Ext
Mccormick, South Carolina
Call For Rent
1 BR
Accessible
62+

Mccormick Manor

713 S Mine Street
Mccormick, South Carolina
Call For Rent
1 BR
Accessible
62+

Willow Creek of McCormick

312 Pine Street
Mccormick, South Carolina
Subsidized

Timber Ridge Apartments

308 Wall Rd
Mccormick, South Carolina
Subsidized

M99 Mhamccorm Mccormick Apartments Rh

Mccormick Apts
Mccormick, South Carolina

Gary St Apartments

400 Carolina St
Mccormick, South Carolina
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Housing Authorities that serve Mccormick

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

Guide To Affordable Housing in Mccormick, South Carolina

There are 8 low income housing apartment communities offering 337 affordable apartments for rent in Mccormick, South Carolina.

Income Based Apartments in Mccormick, South Carolina

Mccormick features 285 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 Mccormick, South Carolina

There are 52 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mccormick.

Housing Choice Vouchers in Mccormick, South Carolina

On average, Section 8 Housing Choice vouchers pay Mccormick landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Mccormick.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mccormick, South Carolina for a two-bedroom apartment is between $611 and $747.

2021 Mccormick, 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 $512 $515 $679 $972 $996
Payment Standard Range $461 to $563 $464 to $567 $611 to $747 $875 to $1,069 $896 to $1,096

Sourced from federal housing data and AffordableHousingOnline.com research.

Mccormick, 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 47.54%
Average Renter Household Size 1.87
Average Household Size 2.13
Median Household Income $23,450 ±$5,569
Median Rent $387 ±$106
Percentage Of Renters Overburdened 42.01% ± 12.07pp
Total Population 2,707

Population and Household Demographics

Mccormick is a city in McCormick County, South Carolina with a population of 2,707. There are 711 households in the city with an average household size of 2.13 persons. 47.54% of households in Mccormick are renters.

Income and Rent Overburden in Mccormick

The median gross income for households in Mccormick is $23,450 a year, or $1,954 a month. The median rent for the city is $387 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mccormick, a household making less than $1,290 a month would be considered overburdened when renting an apartment at or above the median rent. 42.01% of households who rent are overburdened in Mccormick.

Area Median Income In Mccormick

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 Mccormick, the AMI is calculated from all households within McCormick County.

In Mccormick, HUD calculates the Area Median Income for a family of four as $54,800

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

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 Mccormick

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $29,600 $31,800 $34,000 $36,200
50% of Median $19,200 $21,950 $24,700 $27,400 $29,600 $31,800 $34,000 $36,200
80% of Median $30,700 $35,100 $39,500 $43,850 $47,400 $50,900 $54,400 $57,900