About This Property
Melton's Run offers 48 low-income units in Galax, VA, with a mix of 24 two-bedroom and 24 three-bedroom apartments serving families. The property was placed in service in 2004 and is financed through 9% Low-Income Housing Tax Credits. Management and leasing inquiries can be directed to the property contact.
Property Details
Fair Market Rent - Carroll 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 | $728 |
| 1 Bedroom | $732 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,267 |
| 4 Bedroom | $1,485 |
Income Limits - Carroll 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 Galax, VA?+
The Fair Market Rent (FMR) for Carroll County, VA is: $728 (Studio), $732 (1BR), $905 (2BR), $1267 (3BR), $1485 (4BR). Actual rent at subsidized properties like Melton'S Run is typically 30% of household income or less.
What size apartments are available at Melton'S Run?+
Melton'S Run offers the following unit types: 24 Two-Bedroom, 24 Three-Bedroom units, for a total of 48 units.
Who is eligible to live at Melton'S Run?+
Melton'S Run primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Carroll County, VA?+
For a 4-person household in Carroll 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.
What is the price range for apartments in Galax, VA?+
Based on Fair Market Rent for Carroll County, the estimated price range is: 2-bedroom: $905, 3-bedroom: $1267. Actual rent at Melton'S Run may be lower for income-eligible households.
Who manages Melton'S Run?+
Melton'S Run is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Melton'S Run?+
Melton'S Run 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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