About This Property
Sherwood Knoll offers 24 low-income units in Rainsville, AL, with a mix of one-, two-, and three-bedroom floor plans. The property has been in service since 1993 and is funded through 9% Low-Income Housing Tax Credits. The community serves families and disabled residents.
Waitlist Information
Waitlist managed by Rainsville Housing Authority
Eligibility requires income not exceeding 50% of the median income; priority is given to veterans, the elderly, and individuals exiting domestic violence.
Eligibility is based on total annual gross income, family size, and U.S. citizenship or eligible non-citizen status, generally requiring income below 50% of the Area Median Income.
Waitlist data provided by section8waitlist.org
Updated May 31, 2026
Property Details
Fair Market Rent - Dekalb County, AL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $642 |
| 1 Bedroom | $652 |
| 2 Bedroom | $857 |
| 3 Bedroom | $1,159 |
| 4 Bedroom | $1,391 |
Income Limits - Dekalb County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,300
- Low (80%)
- $30,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,050
- Low (80%)
- $35,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,800
- Low (80%)
- $39,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $29,800
- Very Low (50%)
- $29,800
- Low (80%)
- $47,650
- Extremely Low (30%)
- $32,000
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $34,200
- Very Low (50%)
- $34,200
- Low (80%)
- $54,700
- Extremely Low (30%)
- $36,400
- Very Low (50%)
- $36,400
- Low (80%)
- $58,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,300 | $30,900 |
| 2 Persons | $17,420 | $22,050 | $35,300 |
| 3 Persons | $21,960 | $24,800 | $39,700 |
| 4 Persons | $26,500 | $27,550 | $44,100 |
| 5 Persons | $29,800 | $29,800 | $47,650 |
| 6 Persons | $32,000 | $32,000 | $51,200 |
| 7 Persons | $34,200 | $34,200 | $54,700 |
| 8 Persons | $36,400 | $36,400 | $58,250 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rainsville, AL?+
The Fair Market Rent (FMR) for Dekalb County, AL is: $642 (Studio), $652 (1BR), $857 (2BR), $1159 (3BR), $1391 (4BR). Actual rent at subsidized properties like Sherwood Knoll is typically 30% of household income or less.
What size apartments are available at Sherwood Knoll?+
Sherwood Knoll offers the following unit types: 4 One-Bedroom, 16 Two-Bedroom, 4 Three-Bedroom units, for a total of 24 units.
How do I apply for housing at Sherwood Knoll?+
Sherwood Knoll 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.
Is there a waitlist for Sherwood Knoll?+
Public Housing waitlist is currently Closed. 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 is eligible to live at Sherwood Knoll?+
Sherwood Knoll primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Sherwood Knoll?+
Sherwood Knoll is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Rainsville, AL?+
Based on Fair Market Rent for Dekalb County, the estimated price range is: 1-bedroom: $652, 2-bedroom: $857, 3-bedroom: $1159. Actual rent at Sherwood Knoll may be lower for income-eligible households.
What are the income limits for affordable housing in Dekalb County, AL?+
For a 4-person household in Dekalb County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,550, Low Income (80% AMI): $44,100. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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