About This Property
Three Oaks Apartments contains 52 low-income rental units in Cowpens, SC, offering a mix of one-, two-, and three-bedroom floor plans to serve families. The property, placed in service in 2015, utilizes 4% Low-Income Housing Tax Credits and tax-exempt bond financing. The community provides 6 one-bedroom units, 38 two-bedroom units, and 8 three-bedroom units.
Property Details
Fair Market Rent - Spartanburg 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 | $976 |
| 1 Bedroom | $1,016 |
| 2 Bedroom | $1,141 |
| 3 Bedroom | $1,450 |
| 4 Bedroom | $1,536 |
Income Limits - Spartanburg County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,800
- Low (80%)
- $38,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,200
- Low (80%)
- $43,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,600
- Low (80%)
- $48,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,700
- Low (80%)
- $58,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,850
- Low (80%)
- $71,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,800 | $38,050 |
| 2 Persons | $17,420 | $27,200 | $43,450 |
| 3 Persons | $21,960 | $30,600 | $48,900 |
| 4 Persons | $26,500 | $33,950 | $54,300 |
| 5 Persons | $31,040 | $36,700 | $58,650 |
| 6 Persons | $35,580 | $39,400 | $63,000 |
| 7 Persons | $40,120 | $42,100 | $67,350 |
| 8 Persons | $44,660 | $44,850 | $71,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cowpens, SC?+
The Fair Market Rent (FMR) for Spartanburg County, SC is: $976 (Studio), $1016 (1BR), $1141 (2BR), $1450 (3BR), $1536 (4BR). Actual rent at subsidized properties like Three Oaks Apartments is typically 30% of household income or less.
What size apartments are available at Three Oaks Apartments?+
Three Oaks Apartments offers the following unit types: 6 One-Bedroom, 38 Two-Bedroom, 8 Three-Bedroom units, for a total of 52 units.
Who is eligible to live at Three Oaks Apartments?+
Three Oaks Apartments primarily serves families. 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 Three Oaks Apartments?+
Three Oaks 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 Cowpens, SC?+
Based on Fair Market Rent for Spartanburg County, the estimated price range is: 1-bedroom: $1016, 2-bedroom: $1141, 3-bedroom: $1450. Actual rent at Three Oaks Apartments may be lower for income-eligible households.
Who manages Three Oaks Apartments?+
Three Oaks Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Spartanburg County, SC?+
For a 4-person household in Spartanburg County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,950, Low Income (80% AMI): $54,300. These limits are set by HUD and updated annually.
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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