About This Property
Palmetto Ridge Estates offers 56 low-income rental units in Lake City, SC, comprising 38 two-bedroom and 18 three-bedroom apartments. The property was placed in service in 2010 and receives funding through the HOME program and 9% Low-Income Housing Tax Credits. Units at this Florence County community are available to income-qualified households.
Waitlist Information
Waitlist managed by Housing Authority of Lake City
The Lake City Housing Authority provides an online application portal for public housing.
No current Section 8 waiting lists are open for Lake City, SC.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Florence 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 | $787 |
| 1 Bedroom | $792 |
| 2 Bedroom | $1,012 |
| 3 Bedroom | $1,279 |
| 4 Bedroom | $1,374 |
Income Limits - Florence County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,200
- Low (80%)
- $33,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,200
- Low (80%)
- $38,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,250
- Low (80%)
- $43,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,250
- Low (80%)
- $48,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,700
- Low (80%)
- $52,300
- Extremely Low (30%)
- $35,100
- Very Low (50%)
- $35,100
- Low (80%)
- $56,150
- Extremely Low (30%)
- $37,550
- Very Low (50%)
- $37,550
- Low (80%)
- $60,050
- Extremely Low (30%)
- $39,950
- Very Low (50%)
- $39,950
- Low (80%)
- $63,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,200 | $33,900 |
| 2 Persons | $17,420 | $24,200 | $38,750 |
| 3 Persons | $21,960 | $27,250 | $43,600 |
| 4 Persons | $26,500 | $30,250 | $48,400 |
| 5 Persons | $31,040 | $32,700 | $52,300 |
| 6 Persons | $35,100 | $35,100 | $56,150 |
| 7 Persons | $37,550 | $37,550 | $60,050 |
| 8 Persons | $39,950 | $39,950 | $63,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake City, SC?+
The Fair Market Rent (FMR) for Florence County, SC is: $787 (Studio), $792 (1BR), $1012 (2BR), $1279 (3BR), $1374 (4BR). Actual rent at subsidized properties like Palmetto Ridge Estates (2009 Tcex Exch Funds) is typically 30% of household income or less.
What size apartments are available at Palmetto Ridge Estates (2009 Tcex Exch Funds)?+
Palmetto Ridge Estates (2009 Tcex Exch Funds) offers the following unit types: 38 Two-Bedroom, 18 Three-Bedroom units, for a total of 56 units.
Is there a waitlist for Palmetto Ridge Estates (2009 Tcex Exch Funds)?+
Public Housing waitlist is currently Open. 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 are the income limits for affordable housing in Florence County, SC?+
For a 4-person household in Florence County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,250, Low Income (80% AMI): $48,400. These limits are set by HUD and updated annually.
Who manages Palmetto Ridge Estates (2009 Tcex Exch Funds)?+
Palmetto Ridge Estates (2009 Tcex Exch Funds) is managed by . You can reach them at .
What is the price range for apartments in Lake City, SC?+
Based on Fair Market Rent for Florence County, the estimated price range is: 2-bedroom: $1012, 3-bedroom: $1279. Actual rent at Palmetto Ridge Estates (2009 Tcex Exch Funds) may be lower for income-eligible households.
How do I apply for housing at Palmetto Ridge Estates (2009 Tcex Exch Funds)?+
Palmetto Ridge Estates (2009 Tcex Exch Funds) 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.
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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