About This Property
Palmyra Apts offers 12 low-income rental units in Palmyra, Indiana, consisting of four one-bedroom and eight two-bedroom apartments. The property has been in service since 1988 and is located in Harrison County.
Property Details
Fair Market Rent - Harrison County, IN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $976 |
| 1 Bedroom | $1,077 |
| 2 Bedroom | $1,301 |
| 3 Bedroom | $1,701 |
| 4 Bedroom | $1,955 |
Income Limits - Harrison County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,150
- Very Low (50%)
- $26,950
- Low (80%)
- $43,050
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,800
- Low (80%)
- $49,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,650
- Low (80%)
- $55,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,550
- Low (80%)
- $66,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,650
- Low (80%)
- $71,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,700
- Low (80%)
- $76,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,800
- Low (80%)
- $81,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,150 | $26,950 | $43,050 |
| 2 Persons | $18,450 | $30,800 | $49,200 |
| 3 Persons | $21,960 | $34,650 | $55,350 |
| 4 Persons | $26,500 | $38,450 | $61,500 |
| 5 Persons | $31,040 | $41,550 | $66,450 |
| 6 Persons | $35,580 | $44,650 | $71,350 |
| 7 Persons | $40,120 | $47,700 | $76,300 |
| 8 Persons | $44,660 | $50,800 | $81,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Palmyra, IN?+
The Fair Market Rent (FMR) for Harrison County, IN is: $976 (Studio), $1077 (1BR), $1301 (2BR), $1701 (3BR), $1955 (4BR). Actual rent at subsidized properties like Palmyra Apts is typically 30% of household income or less.
What size apartments are available at Palmyra Apts?+
Palmyra Apts offers the following unit types: 4 One-Bedroom, 8 Two-Bedroom units, for a total of 12 units.
What is the price range for apartments in Palmyra, IN?+
Based on Fair Market Rent for Harrison County, the estimated price range is: 1-bedroom: $1077, 2-bedroom: $1301. Actual rent at Palmyra Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Harrison County, IN?+
For a 4-person household in Harrison County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,450, Low Income (80% AMI): $61,500. These limits are set by HUD and updated annually.
Who manages Palmyra Apts?+
Palmyra Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Palmyra Apts?+
Palmyra Apts 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.
Walk Score
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