About This Property
Commerce Square Apartments is a 80-unit community in Smyrna, Delaware, featuring 60 two-bedroom and 20 three-bedroom units. The property was placed in service in 1991 and serves the Kent County area. Prospective residents can contact the property management for current availability and rental information.
Property Details
Fair Market Rent - Kent County, DE
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,110 |
| 1 Bedroom | $1,117 |
| 2 Bedroom | $1,368 |
| 3 Bedroom | $1,928 |
| 4 Bedroom | $2,152 |
Income Limits - Kent County, DE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,500
- Very Low (50%)
- $24,150
- Low (80%)
- $38,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,600
- Low (80%)
- $44,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,050
- Low (80%)
- $49,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,500
- Low (80%)
- $55,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,300
- Low (80%)
- $59,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,050
- Low (80%)
- $64,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,800
- Low (80%)
- $68,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,550
- Low (80%)
- $72,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,500 | $24,150 | $38,650 |
| 2 Persons | $17,420 | $27,600 | $44,200 |
| 3 Persons | $21,960 | $31,050 | $49,700 |
| 4 Persons | $26,500 | $34,500 | $55,200 |
| 5 Persons | $31,040 | $37,300 | $59,650 |
| 6 Persons | $35,580 | $40,050 | $64,050 |
| 7 Persons | $40,120 | $42,800 | $68,450 |
| 8 Persons | $44,660 | $45,550 | $72,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Smyrna, DE?+
The Fair Market Rent (FMR) for Kent County, DE is: $1110 (Studio), $1117 (1BR), $1368 (2BR), $1928 (3BR), $2152 (4BR). Actual rent at subsidized properties like Commerce Square Apartments is typically 30% of household income or less.
What size apartments are available at Commerce Square Apartments?+
Commerce Square Apartments offers the following unit types: 60 Two-Bedroom, 20 Three-Bedroom units, for a total of 80 units.
How do I apply for housing at Commerce Square Apartments?+
Commerce Square 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 Commerce Square Apartments?+
Commerce Square Apartments is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Smyrna, DE?+
Based on Fair Market Rent for Kent County, the estimated price range is: 2-bedroom: $1368, 3-bedroom: $1928. Actual rent at Commerce Square Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Kent County, DE?+
For a 4-person household in Kent County, DE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,500, Low Income (80% AMI): $55,200. 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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