About This Property
Magnolia Plaza offers 36 low-income units in Magnolia, TX, with a mix of 16 one-bedroom and 20 two-bedroom apartments. The property has been in service since 1987 and is located in Montgomery County.
Property Details
Fair Market Rent - Montgomery County, TX
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,073 |
| 1 Bedroom | $1,135 |
| 2 Bedroom | $1,357 |
| 3 Bedroom | $1,792 |
| 4 Bedroom | $2,303 |
Income Limits - Montgomery County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,650
- Very Low (50%)
- $27,750
- Low (80%)
- $44,350
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,700
- Low (80%)
- $50,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,650
- Low (80%)
- $57,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,600
- Low (80%)
- $63,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,800
- Low (80%)
- $68,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,950
- Low (80%)
- $73,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,150
- Low (80%)
- $78,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,300
- Low (80%)
- $83,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,650 | $27,750 | $44,350 |
| 2 Persons | $19,000 | $31,700 | $50,700 |
| 3 Persons | $21,960 | $35,650 | $57,050 |
| 4 Persons | $26,500 | $39,600 | $63,350 |
| 5 Persons | $31,040 | $42,800 | $68,450 |
| 6 Persons | $35,580 | $45,950 | $73,500 |
| 7 Persons | $40,120 | $49,150 | $78,600 |
| 8 Persons | $44,660 | $52,300 | $83,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Magnolia, TX?+
The Fair Market Rent (FMR) for Montgomery County, TX is: $1073 (Studio), $1135 (1BR), $1357 (2BR), $1792 (3BR), $2303 (4BR). Actual rent at subsidized properties like Magnolia Plaza is typically 30% of household income or less.
What size apartments are available at Magnolia Plaza?+
Magnolia Plaza offers the following unit types: 16 One-Bedroom, 20 Two-Bedroom units, for a total of 36 units.
What are the income limits for affordable housing in Montgomery County, TX?+
For a 4-person household in Montgomery County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,600, Low Income (80% AMI): $63,350. These limits are set by HUD and updated annually.
How do I apply for housing at Magnolia Plaza?+
Magnolia Plaza 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 Magnolia, TX?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 1-bedroom: $1135, 2-bedroom: $1357. Actual rent at Magnolia Plaza may be lower for income-eligible households.
Who manages Magnolia Plaza?+
Magnolia Plaza is managed by . You can reach them at . Visit their website for more information.
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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