About This Property
Southerland Village Apartments comprises 48 low-income units in Wallace, NC, featuring a mix of one-, two-, and three-bedroom floor plans to serve families. The property was placed in service in 2014 and operates under 9% Low-Income Housing Tax Credit financing. The community includes 8 one-bedroom, 28 two-bedroom, and 12 three-bedroom units.
Property Details
Fair Market Rent - Duplin 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 | $683 |
| 1 Bedroom | $687 |
| 2 Bedroom | $903 |
| 3 Bedroom | $1,092 |
| 4 Bedroom | $1,203 |
Income Limits - Duplin 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 Wallace, NC?+
The Fair Market Rent (FMR) for Duplin County, NC is: $683 (Studio), $687 (1BR), $903 (2BR), $1092 (3BR), $1203 (4BR). Actual rent at subsidized properties like Southerland Village Apartments is typically 30% of household income or less.
What size apartments are available at Southerland Village Apartments?+
Southerland Village Apartments offers the following unit types: 8 One-Bedroom, 28 Two-Bedroom, 12 Three-Bedroom units, for a total of 48 units.
How do I apply for housing at Southerland Village Apartments?+
Southerland Village Apartments 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 Duplin County, NC?+
For a 4-person household in Duplin 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.
Who is eligible to live at Southerland Village Apartments?+
Southerland Village Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Southerland Village Apartments?+
Southerland Village Apartments is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Wallace, NC?+
Based on Fair Market Rent for Duplin County, the estimated price range is: 1-bedroom: $687, 2-bedroom: $903, 3-bedroom: $1092. Actual rent at Southerland Village Apartments 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.
