About This Property
Ransom Street Apts consists of 13 low-income units serving elderly residents in Blowing Rock, NC. The property includes twelve 1-bedroom and one 2-bedroom units and has been in service since 1994. The apartments are financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Watauga 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 | $777 |
| 1 Bedroom | $906 |
| 2 Bedroom | $1,140 |
| 3 Bedroom | $1,392 |
| 4 Bedroom | $1,935 |
Income Limits - Watauga County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,000
- Very Low (50%)
- $25,000
- Low (80%)
- $40,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,600
- Low (80%)
- $45,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,150
- Low (80%)
- $51,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,700
- Low (80%)
- $57,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,600
- Low (80%)
- $61,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,450
- Low (80%)
- $66,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,300
- Low (80%)
- $70,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,150
- Low (80%)
- $75,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,000 | $25,000 | $40,000 |
| 2 Persons | $17,420 | $28,600 | $45,700 |
| 3 Persons | $21,960 | $32,150 | $51,400 |
| 4 Persons | $26,500 | $35,700 | $57,100 |
| 5 Persons | $31,040 | $38,600 | $61,700 |
| 6 Persons | $35,580 | $41,450 | $66,250 |
| 7 Persons | $40,120 | $44,300 | $70,850 |
| 8 Persons | $44,660 | $47,150 | $75,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Blowing Rock, NC?+
The Fair Market Rent (FMR) for Watauga County, NC is: $777 (Studio), $906 (1BR), $1140 (2BR), $1392 (3BR), $1935 (4BR). Actual rent at subsidized properties like Ransom Street Apts is typically 30% of household income or less.
What size apartments are available at Ransom Street Apts?+
Ransom Street Apts offers the following unit types: 12 One-Bedroom, 1 Two-Bedroom units, for a total of 13 units.
What are the income limits for affordable housing in Watauga County, NC?+
For a 4-person household in Watauga County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,700, Low Income (80% AMI): $57,100. These limits are set by HUD and updated annually.
Who is eligible to live at Ransom Street Apts?+
Ransom Street Apts primarily serves elderly residents. 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 Ransom Street Apts?+
Ransom Street Apts 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 manages Ransom Street Apts?+
Ransom Street Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Blowing Rock, NC?+
Based on Fair Market Rent for Watauga County, the estimated price range is: 1-bedroom: $906, 2-bedroom: $1140. Actual rent at Ransom Street Apts may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
