About This Property
Pearlwood Apts comprises 40 units in Pearl, MS, with 39 designated as low-income housing serving elderly residents. The property includes 20 one-bedroom, 10 two-bedroom, and 10 three-bedroom units and has been in service since 1998. The development utilizes 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Rankin 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 | $996 |
| 1 Bedroom | $997 |
| 2 Bedroom | $1,159 |
| 3 Bedroom | $1,401 |
| 4 Bedroom | $1,564 |
Income Limits - Rankin County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,900
- Low (80%)
- $41,400
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,600
- Low (80%)
- $47,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,300
- Low (80%)
- $53,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,950
- Low (80%)
- $59,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,950
- Low (80%)
- $63,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,900
- Low (80%)
- $68,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,850
- Low (80%)
- $73,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,800
- Low (80%)
- $78,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,900 | $41,400 |
| 2 Persons | $17,750 | $29,600 | $47,300 |
| 3 Persons | $21,960 | $33,300 | $53,200 |
| 4 Persons | $26,500 | $36,950 | $59,100 |
| 5 Persons | $31,040 | $39,950 | $63,850 |
| 6 Persons | $35,580 | $42,900 | $68,600 |
| 7 Persons | $40,120 | $45,850 | $73,300 |
| 8 Persons | $44,660 | $48,800 | $78,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Pearl, MS?+
The Fair Market Rent (FMR) for Rankin County, MS is: $996 (Studio), $997 (1BR), $1159 (2BR), $1401 (3BR), $1564 (4BR). Actual rent at subsidized properties like Pearlwood Apts is typically 30% of household income or less.
What size apartments are available at Pearlwood Apts?+
Pearlwood Apts offers the following unit types: 20 One-Bedroom, 10 Two-Bedroom, 10 Three-Bedroom units, for a total of 40 units.
How do I apply for housing at Pearlwood Apts?+
Pearlwood Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Pearlwood Apts?+
Pearlwood Apts is managed by . You can reach them at .
Who is eligible to live at Pearlwood Apts?+
Pearlwood Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Pearl, MS?+
Based on Fair Market Rent for Rankin County, the estimated price range is: 1-bedroom: $997, 2-bedroom: $1159, 3-bedroom: $1401. Actual rent at Pearlwood Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Rankin County, MS?+
For a 4-person household in Rankin County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,950, Low Income (80% AMI): $59,100. These limits are set by HUD and updated annually.
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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