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 |
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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 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.
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.
Who manages Cane Creek Village?+
Cane Creek Village is managed by . You can reach them at .
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.
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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