About This Property
Carolina Cove comprises 73 units in Myrtle Beach, South Carolina, with 58 units designated as low-income housing. The community includes 57 two-bedroom and 16 three-bedroom units designed to serve families and has been in service since 2000. The property receives 9% Low-Income Housing Tax Credit funding.
Waitlist Information
Waitlist managed by Housing Authority of Myrtle Beach
A priority is given to disabled households on the HCV Pre-application lottery waiting list.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Horry 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 | $1,121 |
| 1 Bedroom | $1,187 |
| 2 Bedroom | $1,361 |
| 3 Bedroom | $1,724 |
| 4 Bedroom | $2,005 |
Income Limits - Horry County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,400
- Low (80%)
- $34,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,450
- Low (80%)
- $39,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,000
- Low (80%)
- $52,800
- Extremely Low (30%)
- $35,450
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $37,900
- Very Low (50%)
- $37,900
- Low (80%)
- $60,600
- Extremely Low (30%)
- $40,350
- Very Low (50%)
- $40,350
- Low (80%)
- $64,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,400 | $34,200 |
| 2 Persons | $17,420 | $24,450 | $39,100 |
| 3 Persons | $21,960 | $27,500 | $44,000 |
| 4 Persons | $26,500 | $30,550 | $48,850 |
| 5 Persons | $31,040 | $33,000 | $52,800 |
| 6 Persons | $35,450 | $35,450 | $56,700 |
| 7 Persons | $37,900 | $37,900 | $60,600 |
| 8 Persons | $40,350 | $40,350 | $64,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Myrtle Beach, SC?+
The Fair Market Rent (FMR) for Horry County, SC is: $1121 (Studio), $1187 (1BR), $1361 (2BR), $1724 (3BR), $2005 (4BR). Actual rent at subsidized properties like Carolina Cove is typically 30% of household income or less.
What size apartments are available at Carolina Cove?+
Carolina Cove offers the following unit types: 57 Two-Bedroom, 16 Three-Bedroom units, for a total of 73 units.
Who is eligible to live at Carolina Cove?+
Carolina Cove primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Carolina Cove?+
Carolina Cove is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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.
What are the income limits for affordable housing in Horry County, SC?+
For a 4-person household in Horry County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,550, Low Income (80% AMI): $48,850. These limits are set by HUD and updated annually.
What is the price range for apartments in Myrtle Beach, SC?+
Based on Fair Market Rent for Horry County, the estimated price range is: 2-bedroom: $1361, 3-bedroom: $1724. Actual rent at Carolina Cove may be lower for income-eligible households.
Is there a waitlist for Carolina Cove?+
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.
Who manages Carolina Cove?+
Carolina Cove is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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