About This Property
Waterford Cove I contains 128 low-income housing units in Beaufort, South Carolina, serving elderly residents. The property offers 64 two-bedroom and 64 three-bedroom units and has been in service since 1997. The property is non-profit owned and financed with 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of Beaufort
Waiting list will open for 1-bedroom units. Open Houses are scheduled for Yemassee Heights (April 20-21, 2026) and Sandalwood Terrace (April 22-23, 2026).
To view the HCV Administrative Plan, visit the office during office hours.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Beaufort County, SC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,432 |
| 1 Bedroom | $1,472 |
| 2 Bedroom | $1,652 |
| 3 Bedroom | $2,050 |
| 4 Bedroom | $2,634 |
Income Limits - Beaufort County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,300
- Very Low (50%)
- $27,150
- Low (80%)
- $43,400
- Extremely Low (30%)
- $18,600
- Very Low (50%)
- $31,000
- Low (80%)
- $49,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,900
- Low (80%)
- $55,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,750
- Low (80%)
- $62,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,850
- Low (80%)
- $67,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,950
- Low (80%)
- $71,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,050
- Low (80%)
- $76,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,150
- Low (80%)
- $81,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,300 | $27,150 | $43,400 |
| 2 Persons | $18,600 | $31,000 | $49,600 |
| 3 Persons | $21,960 | $34,900 | $55,800 |
| 4 Persons | $26,500 | $38,750 | $62,000 |
| 5 Persons | $31,040 | $41,850 | $67,000 |
| 6 Persons | $35,580 | $44,950 | $71,950 |
| 7 Persons | $40,120 | $48,050 | $76,900 |
| 8 Persons | $44,660 | $51,150 | $81,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Beaufort, SC?+
The Fair Market Rent (FMR) for Beaufort County, SC is: $1432 (Studio), $1472 (1BR), $1652 (2BR), $2050 (3BR), $2634 (4BR). Actual rent at subsidized properties like Waterford Cove I is typically 30% of household income or less.
What size apartments are available at Waterford Cove I?+
Waterford Cove I offers the following unit types: 64 Two-Bedroom, 64 Three-Bedroom units, for a total of 128 units.
Is there a waitlist for Waterford Cove I?+
Public Housing waitlist is currently Opening Soon and is expected to open for applications soon. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Beaufort, SC?+
Based on Fair Market Rent for Beaufort County, the estimated price range is: 2-bedroom: $1652, 3-bedroom: $2050. Actual rent at Waterford Cove I may be lower for income-eligible households.
What are the income limits for affordable housing in Beaufort County, SC?+
For a 4-person household in Beaufort County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,750, Low Income (80% AMI): $62,000. These limits are set by HUD and updated annually.
Who manages Waterford Cove I?+
Waterford Cove I is managed by . You can reach them at .
How do I apply for housing at Waterford Cove I?+
Waterford Cove I is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Waterford Cove I?+
Waterford Cove I primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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