About This Property
Fredericktown Apts III offers 16 low-income units in Fredericktown, Missouri, with a unit mix of twelve 1-bedroom and four 2-bedroom apartments. The property was placed in service in 1994 and remains in operation in Madison County.
Property Details
Fair Market Rent - Madison 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 | $607 |
| 2 Bedroom | $797 |
| 3 Bedroom | $1,076 |
| 4 Bedroom | $1,353 |
Income Limits - Madison County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,850
- Low (80%)
- $31,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,650
- Low (80%)
- $36,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,500
- Low (80%)
- $40,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,300
- Low (80%)
- $45,300
- Extremely Low (30%)
- $30,600
- Very Low (50%)
- $30,600
- Low (80%)
- $48,950
- Extremely Low (30%)
- $32,850
- Very Low (50%)
- $32,850
- Low (80%)
- $52,550
- Extremely Low (30%)
- $35,100
- Very Low (50%)
- $35,100
- Low (80%)
- $56,200
- Extremely Low (30%)
- $37,400
- Very Low (50%)
- $37,400
- Low (80%)
- $59,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,850 | $31,750 |
| 2 Persons | $17,420 | $22,650 | $36,250 |
| 3 Persons | $21,960 | $25,500 | $40,800 |
| 4 Persons | $26,500 | $28,300 | $45,300 |
| 5 Persons | $30,600 | $30,600 | $48,950 |
| 6 Persons | $32,850 | $32,850 | $52,550 |
| 7 Persons | $35,100 | $35,100 | $56,200 |
| 8 Persons | $37,400 | $37,400 | $59,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fredericktown, MO?+
The Fair Market Rent (FMR) for Madison County, MO is: $601 (Studio), $607 (1BR), $797 (2BR), $1076 (3BR), $1353 (4BR). Actual rent at subsidized properties like Fredericktown Apts Iii is typically 30% of household income or less.
What size apartments are available at Fredericktown Apts Iii?+
Fredericktown Apts Iii offers the following unit types: 12 One-Bedroom, 4 Two-Bedroom units, for a total of 16 units.
What is the price range for apartments in Fredericktown, MO?+
Based on Fair Market Rent for Madison County, the estimated price range is: 1-bedroom: $607, 2-bedroom: $797. Actual rent at Fredericktown Apts Iii may be lower for income-eligible households.
What are the income limits for affordable housing in Madison County, MO?+
For a 4-person household in Madison County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,300, Low Income (80% AMI): $45,300. These limits are set by HUD and updated annually.
Who manages Fredericktown Apts Iii?+
Fredericktown Apts Iii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Fredericktown Apts Iii?+
Fredericktown Apts Iii 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.