Low Income Apartments and Affordable Housing For Rent in Wedgefield, SC

Discover affordable housing in Wedgefield where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

South Forge Apartments

230 Highway 261 S, Wedgefield, South Carolina 29168

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wedgefield, South Carolina
$14.81 (+204%) more than South Carolina minimum wage and $14.81 (+204%) more than the Federal minimum wage.
Learn More About Wedgefield, South Carolina Affordable Housing ↓

What HUD offices serve Wedgefield, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Wedgefield, South Carolina.

Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Wedgefield.

How many renters live in Wedgefield, South Carolina?

The City of Wedgefield has 2,050 people living in 767 households.

There are 606 renters living in 253 renter households in this City. Renters make up 29.56 percent of the population living in Wedgefield.

What is the rental market like in Wedgefield, South Carolina?

There are an estimated 858 housing units in the Wedgefield area. Of these, 253 units are rental homes, making up 29 percent of the housing market. For every renter household in Wedgefield, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Wedgefield?

The rental vacancy rate in Wedgefield is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Wedgefield for each bedroom size?

Occupied Rental Units by Size in Wedgefield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 0 146 0
Occupied Rental Units by Size in Wedgefield

A large number of apartments in Wedgefield have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Wedgefield are overburdened by housing costs?

Among renter households in this market, 69 percent have housing cost burden. Further, 26 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Wedgefield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $790 to $1,552. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $790
One BR $933
Two BR $1,165
Three BR $1,409
Four BR $1,552
2024 Fair Market Rents in Wedgefield, South Carolina

How many units are rented at Fair Market Rent (FMR) in Wedgefield?

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
Rental Units Below FMR in Wedgefield, South Carolina

How many affordable rental units are in Wedgefield?

There are a variety of federal affordable housing programs serving households in Wedgefield, South Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 72
Tracked Units by Federal Program in Wedgefield, South Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Wedgefield, South Carolina

Wedgefield features 72 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 Wedgefield, South Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wedgefield.

Housing Choice Vouchers in Wedgefield, South Carolina

On average, Section 8 Housing Choice vouchers pay Wedgefield landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Wedgefield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wedgefield, South Carolina for a two-bedroom apartment is between $1,049 and $1,282.

Sourced from federal housing data and AffordableHousingOnline.com research.