About This Property
Lexington Estates comprises 24 low-income residential units in Lexington, Mississippi, serving families in Holmes County. The property includes twenty 1-bedroom and four 2-bedroom units and has been in service since 1989. This development utilizes 4% Low-Income Housing Tax Credits to provide affordable housing options.
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: 20 One-Bedroom, 4 Two-Bedroom units, for a total of 24 units.
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.
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.
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.
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.
Who manages Lexington Estates?+
Lexington Estates is managed by . You can reach them at . Visit their website for more information.