About This Property
Villa Trace comprises 48 one-bedroom units designated for low-income elderly residents in King, NC. The property has operated since 2000 and receives funding through the HOME program and 9% Low-Income Housing Tax Credits. Management and contact information are available upon request.
Property Details
Fair Market Rent - Stokes 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 | $897 |
| 1 Bedroom | $936 |
| 2 Bedroom | $1,110 |
| 3 Bedroom | $1,452 |
| 4 Bedroom | $1,671 |
Income Limits - Stokes County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,500
- Very Low (50%)
- $24,150
- Low (80%)
- $38,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,600
- Low (80%)
- $44,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,050
- Low (80%)
- $49,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,450
- Low (80%)
- $55,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,250
- Low (80%)
- $59,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,750
- Low (80%)
- $68,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,500
- Low (80%)
- $72,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,500 | $24,150 | $38,600 |
| 2 Persons | $17,420 | $27,600 | $44,100 |
| 3 Persons | $21,960 | $31,050 | $49,600 |
| 4 Persons | $26,500 | $34,450 | $55,100 |
| 5 Persons | $31,040 | $37,250 | $59,550 |
| 6 Persons | $35,580 | $40,000 | $63,950 |
| 7 Persons | $40,120 | $42,750 | $68,350 |
| 8 Persons | $44,660 | $45,500 | $72,750 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in King, NC?+
The Fair Market Rent (FMR) for Stokes County, NC is: $897 (Studio), $936 (1BR), $1110 (2BR), $1452 (3BR), $1671 (4BR). Actual rent at subsidized properties like Villa Trace is typically 30% of household income or less.
What size apartments are available at Villa Trace?+
Villa Trace offers the following unit types: 48 One-Bedroom units, for a total of 48 units.
How do I apply for housing at Villa Trace?+
Villa Trace 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 are the income limits for affordable housing in Stokes County, NC?+
For a 4-person household in Stokes County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,450, Low Income (80% AMI): $55,100. These limits are set by HUD and updated annually.
Who manages Villa Trace?+
Villa Trace is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in King, NC?+
Based on Fair Market Rent for Stokes County, the estimated price range is: 1-bedroom: $936. Actual rent at Villa Trace may be lower for income-eligible households.
Who is eligible to live at Villa Trace?+
Villa Trace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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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