About This Property
Onancock Square contains 40 low-income units serving families in Onancock, Virginia, with a mix of 16 one-bedroom and 24 two-bedroom apartments. The property has been in service since 2007 and is financed through 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Accomack County, VA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $766 |
| 1 Bedroom | $832 |
| 2 Bedroom | $938 |
| 3 Bedroom | $1,294 |
| 4 Bedroom | $1,592 |
Income Limits - Accomack County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,900
- Low (80%)
- $33,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,900
- Low (80%)
- $38,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,900
- Low (80%)
- $43,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $34,650
- Very Low (50%)
- $34,650
- Low (80%)
- $55,400
- Extremely Low (30%)
- $37,050
- Very Low (50%)
- $37,050
- Low (80%)
- $59,250
- Extremely Low (30%)
- $39,450
- Very Low (50%)
- $39,450
- Low (80%)
- $63,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,900 | $33,450 |
| 2 Persons | $17,420 | $23,900 | $38,200 |
| 3 Persons | $21,960 | $26,900 | $43,000 |
| 4 Persons | $26,500 | $29,850 | $47,750 |
| 5 Persons | $31,040 | $32,250 | $51,600 |
| 6 Persons | $34,650 | $34,650 | $55,400 |
| 7 Persons | $37,050 | $37,050 | $59,250 |
| 8 Persons | $39,450 | $39,450 | $63,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Onancock, VA?+
The Fair Market Rent (FMR) for Accomack County, VA is: $766 (Studio), $832 (1BR), $938 (2BR), $1294 (3BR), $1592 (4BR). Actual rent at subsidized properties like Onancock Square is typically 30% of household income or less.
What size apartments are available at Onancock Square?+
Onancock Square offers the following unit types: 16 One-Bedroom, 24 Two-Bedroom units, for a total of 40 units.
What are the income limits for affordable housing in Accomack County, VA?+
For a 4-person household in Accomack County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,850, Low Income (80% AMI): $47,750. These limits are set by HUD and updated annually.
Who manages Onancock Square?+
Onancock Square is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Onancock Square?+
Onancock Square 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 Onancock, VA?+
Based on Fair Market Rent for Accomack County, the estimated price range is: 1-bedroom: $832, 2-bedroom: $938. Actual rent at Onancock Square may be lower for income-eligible households.
Who is eligible to live at Onancock Square?+
Onancock Square primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.