About This Property
Ripley Apts contains 24 two-bedroom units designated as low-income housing in Ripley, Mississippi. The property has been in service since 1995 and is financed through 4% Low-Income Housing Tax Credits. The community serves families seeking affordable rental housing in Tippah County.
Property Details
Fair Market Rent - Tippah 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 | $738 |
| 1 Bedroom | $742 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,202 |
| 4 Bedroom | $1,203 |
Income Limits - Tippah 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 Ripley, MS?+
The Fair Market Rent (FMR) for Tippah County, MS is: $738 (Studio), $742 (1BR), $903 (2BR), $1202 (3BR), $1203 (4BR). Actual rent at subsidized properties like Ripley Apts is typically 30% of household income or less.
What size apartments are available at Ripley Apts?+
Ripley Apts offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Ripley Apts?+
Ripley 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 Tippah County, MS?+
For a 4-person household in Tippah 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 Ripley, MS?+
Based on Fair Market Rent for Tippah County, the estimated price range is: 2-bedroom: $903. Actual rent at Ripley Apts may be lower for income-eligible households.
Who is eligible to live at Ripley Apts?+
Ripley Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Ripley Apts?+
Ripley Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.