About This Property
Fountain Apts - Versailles II comprises 16 low-income rental units in Versailles, Missouri, with eight one-bedroom and eight two-bedroom apartments. The property has been in service since 1991 and continues to serve residents in Morgan County. Current management and leasing information are available through the property contact.
Property Details
Fair Market Rent - Morgan 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 | $707 |
| 2 Bedroom | $797 |
| 3 Bedroom | $1,057 |
| 4 Bedroom | $1,061 |
Income Limits - Morgan County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,750
- Low (80%)
- $31,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,550
- Low (80%)
- $36,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,350
- Low (80%)
- $40,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,150
- Low (80%)
- $45,050
- Extremely Low (30%)
- $30,450
- Very Low (50%)
- $30,450
- Low (80%)
- $48,700
- Extremely Low (30%)
- $32,700
- Very Low (50%)
- $32,700
- Low (80%)
- $52,300
- Extremely Low (30%)
- $34,950
- Very Low (50%)
- $34,950
- Low (80%)
- $55,900
- Extremely Low (30%)
- $37,200
- Very Low (50%)
- $37,200
- Low (80%)
- $59,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,750 | $31,550 |
| 2 Persons | $17,420 | $22,550 | $36,050 |
| 3 Persons | $21,960 | $25,350 | $40,550 |
| 4 Persons | $26,500 | $28,150 | $45,050 |
| 5 Persons | $30,450 | $30,450 | $48,700 |
| 6 Persons | $32,700 | $32,700 | $52,300 |
| 7 Persons | $34,950 | $34,950 | $55,900 |
| 8 Persons | $37,200 | $37,200 | $59,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Versailles, MO?+
The Fair Market Rent (FMR) for Morgan County, MO is: $601 (Studio), $707 (1BR), $797 (2BR), $1057 (3BR), $1061 (4BR). Actual rent at subsidized properties like Fountain Apts - Versailles Ii is typically 30% of household income or less.
What size apartments are available at Fountain Apts - Versailles Ii?+
Fountain Apts - Versailles Ii offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom units, for a total of 16 units.
What are the income limits for affordable housing in Morgan County, MO?+
For a 4-person household in Morgan County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,150, Low Income (80% AMI): $45,050. These limits are set by HUD and updated annually.
What is the price range for apartments in Versailles, MO?+
Based on Fair Market Rent for Morgan County, the estimated price range is: 1-bedroom: $707, 2-bedroom: $797. Actual rent at Fountain Apts - Versailles Ii may be lower for income-eligible households.
How do I apply for housing at Fountain Apts - Versailles Ii?+
Fountain Apts - Versailles Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Who manages Fountain Apts - Versailles Ii?+
Fountain Apts - Versailles Ii is managed by . You can reach them at .
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.