Mccormick, South Carolina Affordable Housing

Affordable Housing programs support 187 income based apartments in Mccormick where households pay rent based on how much they earn.

There are 52 affordable apartments in Mccormick that offer reduced rents to low-income households.

Waiting Lists in Mccormick, South Carolina

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

Mccormick Manor

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

Westowne Apartments

437 Talbert Road
Mccormick, South Carolina
Rent Assisted

Cherry Manor Apartments

700 Cherry Street
Mccormick, South Carolina
Rent Assisted

The Oaks Apartments

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

Gary St Apartments

Gary St, Gray St
Mccormick, South Carolina

Carolina Street Apartments

Carolina Street, Marshall St, Church St
Mccormick, South Carolina

Willow Creek of McCormick

312 Pine Street
Mccormick, South Carolina
Rent Assisted

Timber Ridge Apartments

308 Wall Rd
Mccormick, South Carolina
Rent Assisted

M99 Mhamccorm Mccormick Apartments Rh

Mccormick Apts
Mccormick, South Carolina
Affordable
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Public Housing Agencies Serving Mccormick, South Carolina

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
South Carolina Regional Housing Authority No. 1 Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Mccormick.

Mccormick, South Carolina Affordable Housing Data

Income Based Apartments in Mccormick, South Carolina

Mccormick features 187 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 $716 and $876.

2023 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
Mccormick, South Carolina Fair Market Rent $601 $605 $796 $1,131 $1,138
Mccormick, South Carolina Payment Standard Range $541 to $661 $545 to $666 $716 to $876 $1,018 to $1,244 $1,024 to $1,252

Sourced from federal housing data and AffordableHousingOnline.com research.

Mccormick, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 239
Total Housing Units with Rental Assistance 187
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 $67,300

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

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 Mccormick AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $37,050 $39,600 $42,150
50% AMI Income Limits
Renters earning up to 50% of the Mccormick AMI may qualify for rental assistance programs that target Very Low Income households.
$22,350 $25,550 $28,750 $31,900 $34,500 $37,050 $39,600 $42,150
80% AMI Income Limits
Renters earning up to 80% of the Mccormick AMI may qualify for rental assistance programs that target Low Income households.
$35,750 $40,850 $45,950 $51,050 $55,150 $59,250 $63,350 $67,400