About This Property
Spaulding Woods Apartments offers 44 low-income units in Marion, NC, with a mix of one-, two-, and three-bedroom floor plans serving families. The property has been in service since 2002 and receives funding through HOME and 9% LIHTC credits. The community contains 8 one-bedroom units, 24 two-bedroom units, and 12 three-bedroom units.
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 Spaulding Woods Apartments is typically 30% of household income or less.
What size apartments are available at Spaulding Woods Apartments?+
Spaulding Woods Apartments offers the following unit types: 8 One-Bedroom, 24 Two-Bedroom, 12 Three-Bedroom units, for a total of 44 units.
How do I apply for housing at Spaulding Woods Apartments?+
Spaulding Woods 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.
Who manages Spaulding Woods Apartments?+
Spaulding Woods Apartments is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Spaulding Woods Apartments?+
Spaulding Woods Apartments 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 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 Spaulding Woods Apartments 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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.