About This Property
Versailles Estates is a 20-unit affordable housing community in Versailles, Missouri that has served the community since 1992. The property consists entirely of one-bedroom units designated for low-income residents. This Morgan County development is managed to provide housing options for qualifying households.
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 Versailles Estates is typically 30% of household income or less.
What size apartments are available at Versailles Estates?+
Versailles Estates offers the following unit types: 20 One-Bedroom units, for a total of 20 units.
How do I apply for housing at Versailles Estates?+
Versailles Estates 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 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.
Who manages Versailles Estates?+
Versailles Estates is managed by . You can reach them at . Visit their website for more information.
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. Actual rent at Versailles Estates may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.