About This Property
Missouri Avenue Apts contains 20 low-income rental units in Versailles, Morgan County. The property includes twelve 2-bedroom and eight 3-bedroom units and has been in service since 1995. This development utilizes 4% Low-Income Housing Tax Credits to support its affordable housing mission.
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 |
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 Missouri Avenue Apts is typically 30% of household income or less.
What size apartments are available at Missouri Avenue Apts?+
Missouri Avenue Apts offers the following unit types: 12 Two-Bedroom, 8 Three-Bedroom units, for a total of 20 units.
What is the price range for apartments in Versailles, MO?+
Based on Fair Market Rent for Morgan County, the estimated price range is: 2-bedroom: $797, 3-bedroom: $1057. Actual rent at Missouri Avenue Apts may be lower for income-eligible households.
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.
How do I apply for housing at Missouri Avenue Apts?+
Missouri Avenue 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.
Who manages Missouri Avenue Apts?+
Missouri Avenue 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.