About This Property
Phillip's Ridge offers 60 low-income residential units in Marion, NC, with a mix of one, two, and three-bedroom floor plans serving families. The community consists of 10 one-bedroom, 35 two-bedroom, and 15 three-bedroom units and has been in service since 2020. The property is managed professionally to provide stable housing options for eligible 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 |
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 Phillip'S Ridge is typically 30% of household income or less.
What size apartments are available at Phillip'S Ridge?+
Phillip'S Ridge offers the following unit types: 10 One-Bedroom, 35 Two-Bedroom, 15 Three-Bedroom units, for a total of 60 units.
How do I apply for housing at Phillip'S Ridge?+
Phillip'S Ridge 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 Phillip'S Ridge?+
Phillip'S Ridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Phillip'S Ridge?+
Phillip'S Ridge 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 Phillip'S Ridge may be lower for income-eligible households.
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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.