About This Property
Monarch Estates contains 19 low-income units designed to serve families in Bolivar, Missouri. The property offers 3-bedroom floor plans and has been in service since 2012. This Polk County community provides affordable rental housing options for eligible households.
Property Details
Fair Market Rent - Polk 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 | $638 |
| 1 Bedroom | $642 |
| 2 Bedroom | $797 |
| 3 Bedroom | $1,090 |
| 4 Bedroom | $1,285 |
Income Limits - Polk 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 Bolivar, MO?+
The Fair Market Rent (FMR) for Polk County, MO is: $638 (Studio), $642 (1BR), $797 (2BR), $1090 (3BR), $1285 (4BR). Actual rent at subsidized properties like Monarch Estates is typically 30% of household income or less.
What size apartments are available at Monarch Estates?+
Monarch Estates offers the following unit types: 24 Three-Bedroom units, for a total of 19 units.
What is the price range for apartments in Bolivar, MO?+
Based on Fair Market Rent for Polk County, the estimated price range is: 3-bedroom: $1090. Actual rent at Monarch Estates may be lower for income-eligible households.
Who is eligible to live at Monarch Estates?+
Monarch Estates primarily serves families, UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Polk County, MO?+
For a 4-person household in Polk 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 Monarch Estates?+
Monarch 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.
Who manages Monarch Estates?+
Monarch Estates is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Monarch Estates
Southtown
Bolivar, MO
12 UnitsGarden Villas Apts
Bolivar, MO
28 UnitsAshton Heights Apts
Bolivar, MO
20 UnitsSimon Place
Bolivar, MO
28 UnitsBolivar Plaza Apts Bolivar
Bolivar, MO
32 UnitsAldrich Creek Estates
Bolivar, MO
0 Units