About This Property
Oak Meadow Apts - 2 contains 120 low-income units in North Vernon, IN, with 64 two-bedroom and 56 three-bedroom floor plans. The property has been in service since 1997 and was financed through tax-exempt bonds.
Property Details
Fair Market Rent - Jennings 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 | $630 |
| 1 Bedroom | $657 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,216 |
| 4 Bedroom | $1,447 |
Income Limits - Jennings County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,050
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,750
- Low (80%)
- $42,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,750
- Low (80%)
- $62,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $44,100
- Very Low (50%)
- $44,100
- Low (80%)
- $70,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,050 | $23,400 | $37,450 |
| 2 Persons | $17,420 | $26,750 | $42,800 |
| 3 Persons | $21,960 | $30,100 | $48,150 |
| 4 Persons | $26,500 | $33,400 | $53,450 |
| 5 Persons | $31,040 | $36,100 | $57,750 |
| 6 Persons | $35,580 | $38,750 | $62,050 |
| 7 Persons | $40,120 | $41,450 | $66,300 |
| 8 Persons | $44,100 | $44,100 | $70,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in North Vernon, IN?+
The Fair Market Rent (FMR) for Jennings County, IN is: $630 (Studio), $657 (1BR), $863 (2BR), $1216 (3BR), $1447 (4BR). Actual rent at subsidized properties like Oak Meadow Apts - 2 is typically 30% of household income or less.
What size apartments are available at Oak Meadow Apts - 2?+
Oak Meadow Apts - 2 offers the following unit types: 64 Two-Bedroom, 56 Three-Bedroom units, for a total of 120 units.
What are the income limits for affordable housing in Jennings County, IN?+
For a 4-person household in Jennings County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,400, Low Income (80% AMI): $53,450. These limits are set by HUD and updated annually.
What is the price range for apartments in North Vernon, IN?+
Based on Fair Market Rent for Jennings County, the estimated price range is: 2-bedroom: $863, 3-bedroom: $1216. Actual rent at Oak Meadow Apts - 2 may be lower for income-eligible households.
How do I apply for housing at Oak Meadow Apts - 2?+
Oak Meadow Apts - 2 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 Oak Meadow Apts - 2?+
Oak Meadow Apts - 2 is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.