About This Property
Ruleville Villas comprises 32 units in Ruleville, Mississippi, with 31 designated as low-income housing. The property features a mix of four one-bedroom and twenty-eight two-bedroom units designed to serve families. Placed in service in 1987, the community operates under 4% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Sunflower 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 | $687 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,160 |
| 4 Bedroom | $1,354 |
Income Limits - Sunflower 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 Ruleville, MS?+
The Fair Market Rent (FMR) for Sunflower County, MS is: $612 (Studio), $687 (1BR), $903 (2BR), $1160 (3BR), $1354 (4BR). Actual rent at subsidized properties like Ruleville Villas is typically 30% of household income or less.
What size apartments are available at Ruleville Villas?+
Ruleville Villas offers the following unit types: 4 One-Bedroom, 28 Two-Bedroom units, for a total of 32 units.
How do I apply for housing at Ruleville Villas?+
Ruleville Villas 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 is the price range for apartments in Ruleville, MS?+
Based on Fair Market Rent for Sunflower County, the estimated price range is: 1-bedroom: $687, 2-bedroom: $903. Actual rent at Ruleville Villas may be lower for income-eligible households.
Who manages Ruleville Villas?+
Ruleville Villas is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Sunflower County, MS?+
For a 4-person household in Sunflower 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 is eligible to live at Ruleville Villas?+
Ruleville Villas primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
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