About This Property
Magnolia Village Apts offers 24 one-bedroom units designed for low-income residents in Walterboro, SC. The property has been in service since 2008 and operates under 4% Low-Income Housing Tax Credit financing supported by tax-exempt bonds. This Colleton County community provides affordable rental housing options for qualifying households.
Property Details
Fair Market Rent - Colleton County, SC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $720 |
| 1 Bedroom | $756 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,094 |
| 4 Bedroom | $1,457 |
Income Limits - Colleton County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,800
- Low (80%)
- $30,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,450
- Low (80%)
- $34,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,150
- Low (80%)
- $38,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $26,800
- Low (80%)
- $42,900
- Extremely Low (30%)
- $28,950
- Very Low (50%)
- $28,950
- Low (80%)
- $46,350
- Extremely Low (30%)
- $31,100
- Very Low (50%)
- $31,100
- Low (80%)
- $49,800
- Extremely Low (30%)
- $33,250
- Very Low (50%)
- $33,250
- Low (80%)
- $53,200
- Extremely Low (30%)
- $35,400
- Very Low (50%)
- $35,400
- Low (80%)
- $56,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,800 | $30,050 |
| 2 Persons | $17,420 | $21,450 | $34,350 |
| 3 Persons | $21,960 | $24,150 | $38,650 |
| 4 Persons | $26,500 | $26,800 | $42,900 |
| 5 Persons | $28,950 | $28,950 | $46,350 |
| 6 Persons | $31,100 | $31,100 | $49,800 |
| 7 Persons | $33,250 | $33,250 | $53,200 |
| 8 Persons | $35,400 | $35,400 | $56,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Walterboro, SC?+
The Fair Market Rent (FMR) for Colleton County, SC is: $720 (Studio), $756 (1BR), $905 (2BR), $1094 (3BR), $1457 (4BR). Actual rent at subsidized properties like Magnolia Village Apts is typically 30% of household income or less.
What size apartments are available at Magnolia Village Apts?+
Magnolia Village Apts offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
Who manages Magnolia Village Apts?+
Magnolia Village Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Magnolia Village Apts?+
Magnolia Village 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 Walterboro, SC?+
Based on Fair Market Rent for Colleton County, the estimated price range is: 1-bedroom: $756. Actual rent at Magnolia Village Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Colleton County, SC?+
For a 4-person household in Colleton County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $26,800, Low Income (80% AMI): $42,900. These limits are set by HUD and updated annually.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.