About This Property
Valley Ridge Apartments comprises 52 low-income units in Marion, Mississippi, serving families with a mix of one-, two-, and three-bedroom floor plans. The property has been in service since 1988 and operates with 4% Low-Income Housing Tax Credit financing. Eight one-bedroom, thirty-six two-bedroom, and eight three-bedroom units are available at this community.
Property Details
Fair Market Rent - Lauderdale 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 | $803 |
| 1 Bedroom | $809 |
| 2 Bedroom | $955 |
| 3 Bedroom | $1,255 |
| 4 Bedroom | $1,385 |
Income Limits - Lauderdale 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 Marion, MS?+
The Fair Market Rent (FMR) for Lauderdale County, MS is: $803 (Studio), $809 (1BR), $955 (2BR), $1255 (3BR), $1385 (4BR). Actual rent at subsidized properties like Valley Ridge Apts is typically 30% of household income or less.
What size apartments are available at Valley Ridge Apts?+
Valley Ridge Apts offers the following unit types: 8 One-Bedroom, 36 Two-Bedroom, 8 Three-Bedroom units, for a total of 52 units.
How do I apply for housing at Valley Ridge Apts?+
Valley Ridge 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.
What are the income limits for affordable housing in Lauderdale County, MS?+
For a 4-person household in Lauderdale 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 Valley Ridge Apts?+
Valley Ridge Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Marion, MS?+
Based on Fair Market Rent for Lauderdale County, the estimated price range is: 1-bedroom: $809, 2-bedroom: $955, 3-bedroom: $1255. Actual rent at Valley Ridge Apts may be lower for income-eligible households.
Who is eligible to live at Valley Ridge Apts?+
Valley Ridge Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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