About This Property
Ro-Well Apartments comprises 36 low-income units in Rockwell, NC, with a mix of 16 one-bedroom and 20 two-bedroom floor plans designed to serve families. The property has been in service since 2012 and utilizes 4% Low-Income Housing Tax Credits to support affordability.
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 Rockwell, 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 Ro-Well Apartments is typically 30% of household income or less.
What size apartments are available at Ro-Well Apartments?+
Ro-Well Apartments offers the following unit types: 16 One-Bedroom, 20 Two-Bedroom units, for a total of 36 units.
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.
How do I apply for housing at Ro-Well Apartments?+
Ro-Well 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.
What is the price range for apartments in Rockwell, NC?+
Based on Fair Market Rent for Rowan County, the estimated price range is: 1-bedroom: $931, 2-bedroom: $1121. Actual rent at Ro-Well Apartments may be lower for income-eligible households.
Who is eligible to live at Ro-Well Apartments?+
Ro-Well Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Ro-Well Apartments?+
Ro-Well Apartments is managed by . You can reach them at . Visit their website for more information.
Contact Information
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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