About This Property
Park Place Apts consists of 24 low-income units serving families in Magee, MS, with a unit mix of sixteen 2-bedroom and eight 3-bedroom apartments. The property was placed in service in 1989 and receives 4% Low-Income Housing Tax Credit funding. Residents of this Simpson County community benefit from affordable rental housing options designed to accommodate families of varying sizes.
Property Details
Fair Market Rent - Simpson 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 | $612 |
| 1 Bedroom | $785 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,240 |
| 4 Bedroom | $1,532 |
Income Limits - Simpson 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 Magee, MS?+
The Fair Market Rent (FMR) for Simpson County, MS is: $612 (Studio), $785 (1BR), $903 (2BR), $1240 (3BR), $1532 (4BR). Actual rent at subsidized properties like Park Place Apts is typically 30% of household income or less.
What size apartments are available at Park Place Apts?+
Park Place Apts offers the following unit types: 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
Who manages Park Place Apts?+
Park Place Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Park Place Apts?+
Park Place Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Simpson County, MS?+
For a 4-person household in Simpson 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.
What is the price range for apartments in Magee, MS?+
Based on Fair Market Rent for Simpson County, the estimated price range is: 2-bedroom: $903, 3-bedroom: $1240. Actual rent at Park Place Apts may be lower for income-eligible households.
How do I apply for housing at Park Place Apts?+
Park Place 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.
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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