About This Property
Preston Apartments comprises 40 low-income units in Magnolia, AR and has been in service since 2015. The property offers a unit mix of 39 three-bedroom and one four-bedroom apartment. This Columbia County property serves residents with affordable housing options.
Waitlist Information
Waitlist managed by Housing Authority of the City of Magnolia
The waiting list is currently open for families and senior/disabled households. Applicants must meet income requirements. Preferences have not been identified.
The Voucher Programs department is currently accepting pre-applications. No specific preferences or restrictions were identified.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Columbia County, AR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $615 |
| 1 Bedroom | $620 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,080 |
| 4 Bedroom | $1,084 |
Income Limits - Columbia County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,950
- Low (80%)
- $30,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,650
- Low (80%)
- $34,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,350
- Low (80%)
- $39,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,050
- Low (80%)
- $43,300
- Extremely Low (30%)
- $29,250
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,400
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $33,550
- Very Low (50%)
- $33,550
- Low (80%)
- $53,700
- Extremely Low (30%)
- $35,750
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,950 | $30,350 |
| 2 Persons | $17,420 | $21,650 | $34,650 |
| 3 Persons | $21,960 | $24,350 | $39,000 |
| 4 Persons | $26,500 | $27,050 | $43,300 |
| 5 Persons | $29,250 | $29,250 | $46,800 |
| 6 Persons | $31,400 | $31,400 | $50,250 |
| 7 Persons | $33,550 | $33,550 | $53,700 |
| 8 Persons | $35,750 | $35,750 | $57,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Magnolia, AR?+
The Fair Market Rent (FMR) for Columbia County, AR is: $615 (Studio), $620 (1BR), $814 (2BR), $1080 (3BR), $1084 (4BR). Actual rent at subsidized properties like Preston Apartments is typically 30% of household income or less.
What size apartments are available at Preston Apartments?+
Preston Apartments offers the following unit types: 39 Three-Bedroom, 1 Four-Bedroom units, for a total of 40 units.
What are the income limits for affordable housing in Columbia County, AR?+
For a 4-person household in Columbia County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,050, Low Income (80% AMI): $43,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Magnolia, AR?+
Based on Fair Market Rent for Columbia County, the estimated price range is: 3-bedroom: $1080. Actual rent at Preston Apartments may be lower for income-eligible households.
Is there a waitlist for Preston Apartments?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Preston Apartments?+
Preston Apartments 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.
Who manages Preston Apartments?+
Preston Apartments 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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