About This Property
Mayfield Place Apartments comprises 70 units in Palo Alto, with 69 designated as low-income housing serving families. The property opened in 2017 and offers a mix of one-, two-, and three-bedroom floor plans, with 24 units of each size and 22 three-bedroom units. The development utilizes 4% Low-Income Housing Tax Credits to support its affordability.
Property Details
Fair Market Rent - Santa Clara County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $2,383 |
| 1 Bedroom | $2,694 |
| 2 Bedroom | $3,132 |
| 3 Bedroom | $4,011 |
| 4 Bedroom | $4,425 |
Income Limits - Santa Clara County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $34,800
- Very Low (50%)
- $58,000
- Low (80%)
- $82,450
- Extremely Low (30%)
- $39,800
- Very Low (50%)
- $66,300
- Low (80%)
- $94,200
- Extremely Low (30%)
- $44,750
- Very Low (50%)
- $74,600
- Low (80%)
- $106,000
- Extremely Low (30%)
- $49,700
- Very Low (50%)
- $82,850
- Low (80%)
- $117,750
- Extremely Low (30%)
- $53,700
- Very Low (50%)
- $89,500
- Low (80%)
- $127,200
- Extremely Low (30%)
- $57,700
- Very Low (50%)
- $96,150
- Low (80%)
- $136,600
- Extremely Low (30%)
- $61,650
- Very Low (50%)
- $102,750
- Low (80%)
- $146,050
- Extremely Low (30%)
- $65,650
- Very Low (50%)
- $109,400
- Low (80%)
- $155,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $34,800 | $58,000 | $82,450 |
| 2 Persons | $39,800 | $66,300 | $94,200 |
| 3 Persons | $44,750 | $74,600 | $106,000 |
| 4 Persons | $49,700 | $82,850 | $117,750 |
| 5 Persons | $53,700 | $89,500 | $127,200 |
| 6 Persons | $57,700 | $96,150 | $136,600 |
| 7 Persons | $61,650 | $102,750 | $146,050 |
| 8 Persons | $65,650 | $109,400 | $155,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Palo Alto, CA?+
The Fair Market Rent (FMR) for Santa Clara County, CA is: $2383 (Studio), $2694 (1BR), $3132 (2BR), $4011 (3BR), $4425 (4BR). Actual rent at subsidized properties like Mayfield Place Apartments Fka Stanford Palo Apartments is typically 30% of household income or less.
What size apartments are available at Mayfield Place Apartments Fka Stanford Palo Apartments?+
Mayfield Place Apartments Fka Stanford Palo Apartments offers the following unit types: 24 One-Bedroom, 24 Two-Bedroom, 22 Three-Bedroom units, for a total of 70 units.
What is the price range for apartments in Palo Alto, CA?+
Based on Fair Market Rent for Santa Clara County, the estimated price range is: 1-bedroom: $2694, 2-bedroom: $3132, 3-bedroom: $4011. Actual rent at Mayfield Place Apartments Fka Stanford Palo Apartments may be lower for income-eligible households.
Who manages Mayfield Place Apartments Fka Stanford Palo Apartments?+
Mayfield Place Apartments Fka Stanford Palo Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Santa Clara County, CA?+
For a 4-person household in Santa Clara County, CA, the income limits are: Extremely Low Income (30% AMI): $49,700, Very Low Income (50% AMI): $82,850, Low Income (80% AMI): $117,750. These limits are set by HUD and updated annually.
Who is eligible to live at Mayfield Place Apartments Fka Stanford Palo Apartments?+
Mayfield Place Apartments Fka Stanford Palo Apartments 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 Mayfield Place Apartments Fka Stanford Palo Apartments?+
Mayfield Place Apartments Fka Stanford Palo 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.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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