About This Property
Southview Apts comprises 24 low-income rental units in Spearfish, South Dakota, consisting of 16 two-bedroom and 8 three-bedroom apartments. The property has been in service since 1996 and receives 9% Low-Income Housing Tax Credit funding. Residents of Lawrence County have access to affordable rental housing options through this 24-unit community.
Property Details
Fair Market Rent - Lawrence County, SD
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $699 |
| 1 Bedroom | $785 |
| 2 Bedroom | $1,032 |
| 3 Bedroom | $1,454 |
| 4 Bedroom | $1,751 |
Income Limits - Lawrence County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,850
- Very Low (50%)
- $26,400
- Low (80%)
- $42,250
- Extremely Low (30%)
- $18,100
- Very Low (50%)
- $30,200
- Low (80%)
- $48,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,700
- Low (80%)
- $60,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,750
- Low (80%)
- $65,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,750
- Low (80%)
- $69,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,750
- Low (80%)
- $74,800
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,800
- Low (80%)
- $79,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,850 | $26,400 | $42,250 |
| 2 Persons | $18,100 | $30,200 | $48,250 |
| 3 Persons | $21,960 | $33,950 | $54,300 |
| 4 Persons | $26,500 | $37,700 | $60,300 |
| 5 Persons | $31,040 | $40,750 | $65,150 |
| 6 Persons | $35,580 | $43,750 | $69,950 |
| 7 Persons | $40,120 | $46,750 | $74,800 |
| 8 Persons | $44,660 | $49,800 | $79,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Spearfish, SD?+
The Fair Market Rent (FMR) for Lawrence County, SD is: $699 (Studio), $785 (1BR), $1032 (2BR), $1454 (3BR), $1751 (4BR). Actual rent at subsidized properties like Southview Apts is typically 30% of household income or less.
What size apartments are available at Southview Apts?+
Southview Apts offers the following unit types: 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Lawrence County, SD?+
For a 4-person household in Lawrence County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,700, Low Income (80% AMI): $60,300. These limits are set by HUD and updated annually.
How do I apply for housing at Southview Apts?+
Southview 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 Spearfish, SD?+
Based on Fair Market Rent for Lawrence County, the estimated price range is: 2-bedroom: $1032, 3-bedroom: $1454. Actual rent at Southview Apts may be lower for income-eligible households.
Who manages Southview Apts?+
Southview Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
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