About This Property
Lexington Estates comprises 24 low-income rental units in Lexington, Mississippi, serving families with a mix of 13 one-bedroom and 3 two-bedroom apartments. The property has been in service since 1989 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. Interested applicants can contact the property management office for information regarding availability and lease terms.
Property Details
Fair Market Rent - Holmes County, MS
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $704 |
| 1 Bedroom | $804 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,198 |
| 4 Bedroom | $1,203 |
Income Limits - Holmes County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,600
- Low (80%)
- $29,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,250
- Low (80%)
- $34,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $23,900
- Low (80%)
- $38,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $26,550
- Low (80%)
- $42,500
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $28,700
- Low (80%)
- $45,900
- Extremely Low (30%)
- $30,800
- Very Low (50%)
- $30,800
- Low (80%)
- $49,300
- Extremely Low (30%)
- $32,950
- Very Low (50%)
- $32,950
- Low (80%)
- $52,700
- Extremely Low (30%)
- $35,050
- Very Low (50%)
- $35,050
- Low (80%)
- $56,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,600 | $29,750 |
| 2 Persons | $17,420 | $21,250 | $34,000 |
| 3 Persons | $21,960 | $23,900 | $38,250 |
| 4 Persons | $26,500 | $26,550 | $42,500 |
| 5 Persons | $28,700 | $28,700 | $45,900 |
| 6 Persons | $30,800 | $30,800 | $49,300 |
| 7 Persons | $32,950 | $32,950 | $52,700 |
| 8 Persons | $35,050 | $35,050 | $56,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lexington, MS?+
The Fair Market Rent (FMR) for Holmes County, MS is: $704 (Studio), $804 (1BR), $903 (2BR), $1198 (3BR), $1203 (4BR). Actual rent at subsidized properties like Lexington Estates is typically 30% of household income or less.
What size apartments are available at Lexington Estates?+
Lexington Estates offers the following unit types: 13 One-Bedroom, 3 Two-Bedroom units, for a total of 24 units.
Who is eligible to live at Lexington Estates?+
Lexington Estates primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Lexington Estates?+
Lexington Estates is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lexington, MS?+
Based on Fair Market Rent for Holmes County, the estimated price range is: 1-bedroom: $804, 2-bedroom: $903. Actual rent at Lexington Estates may be lower for income-eligible households.
What are the income limits for affordable housing in Holmes County, MS?+
For a 4-person household in Holmes County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $26,550, Low Income (80% AMI): $42,500. These limits are set by HUD and updated annually.
How do I apply for housing at Lexington Estates?+
Lexington Estates 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.