About This Property
Teal Lake Village is a 40-unit affordable housing community in Mexico, MO that has served families since 2019. The property contains 31 low-income units with a mix of 20 two-bedroom and 20 three-bedroom floor plans. The community is funded through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of the City of Mexico
Applications are accepted via paper application ONLY. A past-due balance owed to MHA or any other housing authority will prevent application approval. Preference points are awarded for employment or being elderly/disabled (50 points) and for living in Audrain County (50 points).
Applications are accepted via paper application ONLY. A past-due balance owed to MHA or any other housing authority will prevent application approval. Preference points are awarded for employment or being elderly/disabled (50 points) and for living in Audrain County (50 points).
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Audrain County, MO
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $601 |
| 1 Bedroom | $631 |
| 2 Bedroom | $797 |
| 3 Bedroom | $1,028 |
| 4 Bedroom | $1,061 |
Income Limits - Audrain County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,050
- Low (80%)
- $32,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,900
- Low (80%)
- $36,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,750
- Low (80%)
- $41,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,600
- Low (80%)
- $45,750
- Extremely Low (30%)
- $30,900
- Very Low (50%)
- $30,900
- Low (80%)
- $49,450
- Extremely Low (30%)
- $33,200
- Very Low (50%)
- $33,200
- Low (80%)
- $53,100
- Extremely Low (30%)
- $35,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,750
- Extremely Low (30%)
- $37,800
- Very Low (50%)
- $37,800
- Low (80%)
- $60,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,050 | $32,050 |
| 2 Persons | $17,420 | $22,900 | $36,600 |
| 3 Persons | $21,960 | $25,750 | $41,200 |
| 4 Persons | $26,500 | $28,600 | $45,750 |
| 5 Persons | $30,900 | $30,900 | $49,450 |
| 6 Persons | $33,200 | $33,200 | $53,100 |
| 7 Persons | $35,500 | $35,500 | $56,750 |
| 8 Persons | $37,800 | $37,800 | $60,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mexico, MO?+
The Fair Market Rent (FMR) for Audrain County, MO is: $601 (Studio), $631 (1BR), $797 (2BR), $1028 (3BR), $1061 (4BR). Actual rent at subsidized properties like Teal Lake Village is typically 30% of household income or less.
What size apartments are available at Teal Lake Village?+
Teal Lake Village offers the following unit types: 20 Two-Bedroom, 20 Three-Bedroom units, for a total of 40 units.
How do I apply for housing at Teal Lake Village?+
Teal Lake Village 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.
Is there a waitlist for Teal Lake Village?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who is eligible to live at Teal Lake Village?+
Teal Lake Village primarily serves families, Handicapped. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Teal Lake Village?+
Teal Lake Village is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Audrain County, MO?+
For a 4-person household in Audrain County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,600, Low Income (80% AMI): $45,750. These limits are set by HUD and updated annually.
What is the price range for apartments in Mexico, MO?+
Based on Fair Market Rent for Audrain County, the estimated price range is: 2-bedroom: $797, 3-bedroom: $1028. Actual rent at Teal Lake Village may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
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