Affordable Housing In Richland County
87 Low Income Apartment Communities In Richland County
Housing Authorities that serve Richland County
|Columbia Housing||Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV); Moderate Rehabilitation|
Guide To Affordable Housing in Richland County, South Carolina
There are 87 low income housing apartment communities offering 7,746 affordable apartments for rent in Richland County, South Carolina.
Income Based Apartments in Richland County, South Carolina
Richland County features 5,151 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 Richland County, South Carolina
There are 2,595 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richland County.
Housing Choice Vouchers in Richland County, South Carolina
On average, Section 8 Housing Choice vouchers pay Richland County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Richland County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Richland County, South Carolina for a two-bedroom apartment is between $838 and $1,024.
2020 Richland County, 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||$706||$818||$931||$1,204||$1,491|
|Payment Standard Range||$635 to $777||$736 to $900||$838 to $1,024||$1,084 to $1,324||$1,342 to $1,640|
Sourced from federal housing data and AffordableHousingOnline.com research.
Richland County, SC Affordable Housing Snapshot
|Total Affordable Apartment Properties||87|
|Total Low Income Apartments||7,746|
|Total Housing Units with Rental Assistance||5,151|
|Percentage of Housing Units Occupied By Renters||40.74%|
|Average Renter Household Size||2.46|
|Average Household Size||2.53|
|Median Household Income||$49,131 ±$1,255|
|Median Rent||$875 ±$10|
|Percentage Of Renters Overburdened||50.36% ± 1.73pp|
Population and Household Demographics
Richland County is a county in South Carolina with a population of 397,899. There are 145,069 households in the county with an average household size of 2.53 persons. 40.74% of households in Richland County are renters.
Income and Rent Overburden in Richland County
The median gross income for households in Richland County is $49,131 a year, or $4,094 a month. The median rent for the county is $875 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richland County, a household making less than $2,917 a month would be considered overburdened when renting an apartment at or above the median rent. 50.36% of households who rent are overburdened in Richland County.
Area Median Income In Richland 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 Richland County, 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 Richland 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 HUD Rental Assistance in Richland County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,300||$17,450||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$25,450||$29,050||$32,700||$36,300||$39,250||$42,150||$45,050||$47,950|
|80% of Median||$40,700||$46,500||$52,300||$58,100||$62,750||$67,400||$72,050||$76,700|
Cities In Richland County
Select A City to View its Apartment Communities and Waiting Lists.
|Arcadia Lakes||The HUD funded Public Housing Agency that serves Arcadia Lakes is the Columbia Housing.|
|Columbia||The HUD funded Public Housing Agency that serves Columbia is the Columbia Housing.|
|Dentsville||The HUD funded Public Housing Agency that serves Dentsville is the Columbia Housing.|
|Eastover||The HUD funded Public Housing Agency that serves Eastover is the Columbia Housing.|
|Forest Acres||The HUD funded Public Housing Agency that serves Forest Acres is the Columbia Housing.|
|Gadsden||The HUD funded Public Housing Agency that serves Gadsden is the Columbia Housing.|
|Hopkins||The HUD funded Public Housing Agency that serves Hopkins is the Columbia Housing.|
|Lake Murray of Richland||The HUD funded Public Housing Agency that serves Lake Murray of Richland is the Columbia Housing.|
|St. Andrews||The HUD funded Public Housing Agency that serves St. Andrews is the Columbia Housing.|
|Woodfield||The HUD funded Public Housing Agency that serves Woodfield is the Columbia Housing.|