About This Property
Grove @ Riverside offers 48 low-income residential units in Rexburg, Idaho, serving families with a mix of 36 two-bedroom and 12 three-bedroom apartments. The property has been in service since 2015 and is financed through 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Madison County, ID
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $916 |
| 1 Bedroom | $929 |
| 2 Bedroom | $1,057 |
| 3 Bedroom | $1,490 |
| 4 Bedroom | $1,794 |
Income Limits - Madison County, ID
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,850
- Low (80%)
- $33,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,800
- Low (80%)
- $38,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,800
- Low (80%)
- $42,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,150
- Low (80%)
- $51,450
- Extremely Low (30%)
- $34,550
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $36,900
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $39,300
- Very Low (50%)
- $39,300
- Low (80%)
- $62,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,850 | $33,350 |
| 2 Persons | $17,420 | $23,800 | $38,100 |
| 3 Persons | $21,960 | $26,800 | $42,850 |
| 4 Persons | $26,500 | $29,750 | $47,600 |
| 5 Persons | $31,040 | $32,150 | $51,450 |
| 6 Persons | $34,550 | $34,550 | $55,250 |
| 7 Persons | $36,900 | $36,900 | $59,050 |
| 8 Persons | $39,300 | $39,300 | $62,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rexburg, ID?+
The Fair Market Rent (FMR) for Madison County, ID is: $916 (Studio), $929 (1BR), $1057 (2BR), $1490 (3BR), $1794 (4BR). Actual rent at subsidized properties like Grove @ Riverside is typically 30% of household income or less.
What size apartments are available at Grove @ Riverside?+
Grove @ Riverside offers the following unit types: 36 Two-Bedroom, 12 Three-Bedroom units, for a total of 48 units.
How do I apply for housing at Grove @ Riverside?+
Grove @ Riverside 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 Madison County, ID?+
For a 4-person household in Madison County, ID, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,750, Low Income (80% AMI): $47,600. These limits are set by HUD and updated annually.
Who is eligible to live at Grove @ Riverside?+
Grove @ Riverside primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Grove @ Riverside?+
Grove @ Riverside is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Rexburg, ID?+
Based on Fair Market Rent for Madison County, the estimated price range is: 2-bedroom: $1057, 3-bedroom: $1490. Actual rent at Grove @ Riverside may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.