About This Property
Harrison Terrace provides 60 affordable units in Marion, NC, with a mix of one, two, and three-bedroom apartments serving families. The property has been in service since 2016 and operates under a 9% Low-Income Housing Tax Credit program. The community includes 8 one-bedroom units, 36 two-bedroom units, and 16 three-bedroom units for low-income households.
Property Details
Fair Market Rent - McDowell 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 | $713 |
| 1 Bedroom | $751 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,059 |
| 4 Bedroom | $1,262 |
Income Limits - McDowell 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 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Marion, NC?+
The Fair Market Rent (FMR) for McDowell County, NC is: $713 (Studio), $751 (1BR), $856 (2BR), $1059 (3BR), $1262 (4BR). Actual rent at subsidized properties like Harrison Terrace is typically 30% of household income or less.
What size apartments are available at Harrison Terrace?+
Harrison Terrace offers the following unit types: 8 One-Bedroom, 36 Two-Bedroom, 16 Three-Bedroom units, for a total of 60 units.
Who is eligible to live at Harrison Terrace?+
Harrison Terrace primarily serves families. 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 McDowell County, NC?+
For a 4-person household in McDowell 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 manages Harrison Terrace?+
Harrison Terrace is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Marion, NC?+
Based on Fair Market Rent for McDowell County, the estimated price range is: 1-bedroom: $751, 2-bedroom: $856, 3-bedroom: $1059. Actual rent at Harrison Terrace may be lower for income-eligible households.
How do I apply for housing at Harrison Terrace?+
Harrison Terrace 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.