About This Property
Ridge Oak Apartments offers 18 low-income units in Columbus, NC, consisting of two 1-bedroom and sixteen 2-bedroom apartments. The property has served families since being placed in service in 2010 and utilizes 4% Low-Income Housing Tax Credits to maintain affordability. This Polk County community provides rental housing for households meeting income eligibility requirements.
Property Details
Fair Market Rent - Polk 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 | $787 |
| 1 Bedroom | $792 |
| 2 Bedroom | $1,004 |
| 3 Bedroom | $1,214 |
| 4 Bedroom | $1,586 |
Income Limits - Polk County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,100
- Very Low (50%)
- $21,750
- Low (80%)
- $34,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,850
- Low (80%)
- $39,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,950
- Low (80%)
- $44,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,050
- Low (80%)
- $49,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,550
- Low (80%)
- $53,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,050
- Low (80%)
- $57,700
- Extremely Low (30%)
- $38,550
- Very Low (50%)
- $38,550
- Low (80%)
- $61,650
- Extremely Low (30%)
- $41,000
- Very Low (50%)
- $41,000
- Low (80%)
- $65,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,100 | $21,750 | $34,800 |
| 2 Persons | $17,420 | $24,850 | $39,800 |
| 3 Persons | $21,960 | $27,950 | $44,750 |
| 4 Persons | $26,500 | $31,050 | $49,700 |
| 5 Persons | $31,040 | $33,550 | $53,700 |
| 6 Persons | $35,580 | $36,050 | $57,700 |
| 7 Persons | $38,550 | $38,550 | $61,650 |
| 8 Persons | $41,000 | $41,000 | $65,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Columbus, NC?+
The Fair Market Rent (FMR) for Polk County, NC is: $787 (Studio), $792 (1BR), $1004 (2BR), $1214 (3BR), $1586 (4BR). Actual rent at subsidized properties like Ridge Oak Apartments is typically 30% of household income or less.
What size apartments are available at Ridge Oak Apartments?+
Ridge Oak Apartments offers the following unit types: 2 One-Bedroom, 16 Two-Bedroom units, for a total of 18 units.
How do I apply for housing at Ridge Oak Apartments?+
Ridge Oak 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 is eligible to live at Ridge Oak Apartments?+
Ridge Oak Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Ridge Oak Apartments?+
Ridge Oak Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Polk County, NC?+
For a 4-person household in Polk County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,050, Low Income (80% AMI): $49,700. These limits are set by HUD and updated annually.
What is the price range for apartments in Columbus, NC?+
Based on Fair Market Rent for Polk County, the estimated price range is: 1-bedroom: $792, 2-bedroom: $1004. Actual rent at Ridge Oak Apartments may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
