About This Property
Oak Wood Apts comprises 84 units in Lexington, Ohio, with 53 units designated as low-income housing. The community was placed in service in 2000 and serves elderly residents through a mix of 70 two-bedroom and 14 three-bedroom apartments.
Property Details
Fair Market Rent - Richland County, OH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $609 |
| 1 Bedroom | $689 |
| 2 Bedroom | $860 |
| 3 Bedroom | $1,182 |
| 4 Bedroom | $1,355 |
Income Limits - Richland County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,950
- Very Low (50%)
- $23,250
- Low (80%)
- $37,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,550
- Low (80%)
- $42,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,150
- Low (80%)
- $53,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,850
- Low (80%)
- $57,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,500
- Low (80%)
- $61,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,150
- Low (80%)
- $65,800
- Extremely Low (30%)
- $43,800
- Very Low (50%)
- $43,800
- Low (80%)
- $70,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,950 | $23,250 | $37,150 |
| 2 Persons | $17,420 | $26,550 | $42,450 |
| 3 Persons | $21,960 | $29,850 | $47,750 |
| 4 Persons | $26,500 | $33,150 | $53,050 |
| 5 Persons | $31,040 | $35,850 | $57,300 |
| 6 Persons | $35,580 | $38,500 | $61,550 |
| 7 Persons | $40,120 | $41,150 | $65,800 |
| 8 Persons | $43,800 | $43,800 | $70,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lexington, OH?+
The Fair Market Rent (FMR) for Richland County, OH is: $609 (Studio), $689 (1BR), $860 (2BR), $1182 (3BR), $1355 (4BR). Actual rent at subsidized properties like Oak Wood Apts is typically 30% of household income or less.
What size apartments are available at Oak Wood Apts?+
Oak Wood Apts offers the following unit types: 70 Two-Bedroom, 14 Three-Bedroom units, for a total of 84 units.
Who is eligible to live at Oak Wood Apts?+
Oak Wood 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 Oak Wood Apts?+
Oak Wood 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.
What is the price range for apartments in Lexington, OH?+
Based on Fair Market Rent for Richland County, the estimated price range is: 2-bedroom: $860, 3-bedroom: $1182. Actual rent at Oak Wood Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Richland County, OH?+
For a 4-person household in Richland County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,150, Low Income (80% AMI): $53,050. These limits are set by HUD and updated annually.
Who manages Oak Wood Apts?+
Oak Wood Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
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