About This Property
Cane Creek Village offers 24 low-income rental units in Bakersville, NC, consisting of twelve 2-bedroom and twelve 3-bedroom apartments designed to serve families. The property has been in service since 2000 and is funded through HOME and 9% Low-Income Housing Tax Credits. Units are available to households meeting low-income eligibility requirements.
Property Details
Fair Market Rent - Mitchell 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 | $647 |
| 1 Bedroom | $651 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,053 |
| 4 Bedroom | $1,140 |
Income Limits - Mitchell County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,750
- Low (80%)
- $33,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,700
- Low (80%)
- $37,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,650
- Low (80%)
- $42,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,600
- Low (80%)
- $47,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,000
- Low (80%)
- $51,150
- Extremely Low (30%)
- $34,350
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $36,750
- Very Low (50%)
- $36,750
- Low (80%)
- $58,750
- Extremely Low (30%)
- $39,100
- Very Low (50%)
- $39,100
- Low (80%)
- $62,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,750 | $33,150 |
| 2 Persons | $17,420 | $23,700 | $37,900 |
| 3 Persons | $21,960 | $26,650 | $42,650 |
| 4 Persons | $26,500 | $29,600 | $47,350 |
| 5 Persons | $31,040 | $32,000 | $51,150 |
| 6 Persons | $34,350 | $34,350 | $54,950 |
| 7 Persons | $36,750 | $36,750 | $58,750 |
| 8 Persons | $39,100 | $39,100 | $62,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bakersville, NC?+
The Fair Market Rent (FMR) for Mitchell County, NC is: $647 (Studio), $651 (1BR), $856 (2BR), $1053 (3BR), $1140 (4BR). Actual rent at subsidized properties like Cane Creek Village is typically 30% of household income or less.
What size apartments are available at Cane Creek Village?+
Cane Creek Village offers the following unit types: 12 Two-Bedroom, 12 Three-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Mitchell County, NC?+
For a 4-person household in Mitchell County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,600, Low Income (80% AMI): $47,350. These limits are set by HUD and updated annually.
What is the price range for apartments in Bakersville, NC?+
Based on Fair Market Rent for Mitchell County, the estimated price range is: 2-bedroom: $856, 3-bedroom: $1053. Actual rent at Cane Creek Village may be lower for income-eligible households.
Who is eligible to live at Cane Creek Village?+
Cane Creek Village primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Cane Creek Village?+
Cane Creek Village is managed by . You can reach them at .
How do I apply for housing at Cane Creek Village?+
Cane Creek Village is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
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