How many renters live in Society Hill, South Carolina?
The City of Society Hill has people living in households.
There are renters living in renter households in this City. Renters make up 27.23 percent of the population living in Society Hill.
What is the rental market like in Society Hill, South Carolina?
There are an estimated housing units in the Society Hill area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Society Hill, South Carolina, there are 1.12 rental units.
What is the vacancy rate for rentals in Society Hill?
The rental vacancy rate in Society Hill is 10 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Society Hill for each bedroom size?
Occupied Rental Units by Size in Society Hill
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 24 | 28 | 0 |
Occupied Rental Units by Size in Society Hill
A large number of apartments in Society Hill have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Society Hill
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $751 to $1,349. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $751 |
| One BR | $756 |
| Two BR | $959 |
| Three BR | $1,170 |
| Four BR | $1,349 |
2024 Fair Market Rents in Society Hill, South Carolina
How many units are rented at Fair Market Rent (FMR) in Society Hill?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Two BR | 24 | 100 percent |
Rental Units Below FMR in Society Hill, South Carolina
How many affordable rental units are in Society Hill?
Income Based Apartments in Society Hill, South Carolina
Society Hill features 0 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 Society Hill, South Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Society Hill.
Housing Choice Vouchers in Society Hill, South Carolina
On average, Section 8 Housing Choice vouchers pay Society Hill landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Society Hill.
The maximum amount a voucher would pay on behalf of a low-income tenant in Society Hill, South Carolina for a two-bedroom apartment is between $863 and $1,055.
Sourced from federal housing data and AffordableHousingOnline.com research.