About This Property
Benchmark Apartments provides 24 low-income units in China Grove, NC, consisting of eight one-bedroom and sixteen two-bedroom apartments. The property has served families since 1990 and operates under 4% Low-Income Housing Tax Credit financing. Interested parties may contact the property management office for additional information regarding availability and lease terms.
Property Details
Fair Market Rent - Rowan 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 | $925 |
| 1 Bedroom | $931 |
| 2 Bedroom | $1,121 |
| 3 Bedroom | $1,483 |
| 4 Bedroom | $1,702 |
Income Limits - Rowan County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,100
- Very Low (50%)
- $21,850
- Low (80%)
- $34,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,050
- Low (80%)
- $44,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,150
- Low (80%)
- $49,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,650
- Low (80%)
- $53,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,150
- Low (80%)
- $57,850
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,850
- Extremely Low (30%)
- $41,150
- Very Low (50%)
- $41,150
- Low (80%)
- $65,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,100 | $21,850 | $34,900 |
| 2 Persons | $17,420 | $24,950 | $39,900 |
| 3 Persons | $21,960 | $28,050 | $44,900 |
| 4 Persons | $26,500 | $31,150 | $49,850 |
| 5 Persons | $31,040 | $33,650 | $53,850 |
| 6 Persons | $35,580 | $36,150 | $57,850 |
| 7 Persons | $38,650 | $38,650 | $61,850 |
| 8 Persons | $41,150 | $41,150 | $65,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in China Grove, NC?+
The Fair Market Rent (FMR) for Rowan County, NC is: $925 (Studio), $931 (1BR), $1121 (2BR), $1483 (3BR), $1702 (4BR). Actual rent at subsidized properties like Benchmark Apartments is typically 30% of household income or less.
What size apartments are available at Benchmark Apartments?+
Benchmark Apartments offers the following unit types: 8 One-Bedroom, 16 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in China Grove, NC?+
Based on Fair Market Rent for Rowan County, the estimated price range is: 1-bedroom: $931, 2-bedroom: $1121. Actual rent at Benchmark Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Rowan County, NC?+
For a 4-person household in Rowan County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,150, Low Income (80% AMI): $49,850. These limits are set by HUD and updated annually.
Who manages Benchmark Apartments?+
Benchmark Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Benchmark Apartments?+
Benchmark 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 Benchmark Apartments?+
Benchmark Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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