About This Property
Rockmoor Apts consists of 12 low-income units in Banner Elk, NC and has been in service since 1991. The property includes one 1-bedroom unit and eleven 2-bedroom units designed to serve families. This property is financed through 4% Low-Income Housing Tax Credits and is currently managed for affordable housing purposes.
Property Details
Fair Market Rent - Avery County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $776 |
| 1 Bedroom | $781 |
| 2 Bedroom | $1,026 |
| 3 Bedroom | $1,241 |
| 4 Bedroom | $1,366 |
Income Limits - Avery County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,500
- Low (80%)
- $32,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $33,950
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,500 | $32,800 |
| 2 Persons | $17,420 | $23,400 | $37,450 |
| 3 Persons | $21,960 | $26,350 | $42,150 |
| 4 Persons | $26,500 | $29,250 | $46,800 |
| 5 Persons | $31,040 | $31,600 | $50,550 |
| 6 Persons | $33,950 | $33,950 | $54,300 |
| 7 Persons | $36,300 | $36,300 | $58,050 |
| 8 Persons | $38,650 | $38,650 | $61,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Banner Elk, NC?+
The Fair Market Rent (FMR) for Avery County, NC is: $776 (Studio), $781 (1BR), $1026 (2BR), $1241 (3BR), $1366 (4BR). Actual rent at subsidized properties like Rockmoor Apts is typically 30% of household income or less.
What size apartments are available at Rockmoor Apts?+
Rockmoor Apts offers the following unit types: 1 One-Bedroom, 11 Two-Bedroom units, for a total of 12 units.
Who manages Rockmoor Apts?+
Rockmoor Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Avery County, NC?+
For a 4-person household in Avery County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,250, Low Income (80% AMI): $46,800. These limits are set by HUD and updated annually.
How do I apply for housing at Rockmoor Apts?+
Rockmoor 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 is eligible to live at Rockmoor Apts?+
Rockmoor Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Banner Elk, NC?+
Based on Fair Market Rent for Avery County, the estimated price range is: 1-bedroom: $781, 2-bedroom: $1026. Actual rent at Rockmoor Apts may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.