About This Property
Village At Rockbridge offers 64 low-income housing units in Lexington, Virginia, with a mix of two-, three-, and four-bedroom floor plans serving families. The property has been in service since 2017 and operates under the 9% Low-Income Housing Tax Credit program. A non-profit entity owns the community.
Property Details
Fair Market Rent - Rockbridge 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 | $772 |
| 1 Bedroom | $842 |
| 2 Bedroom | $945 |
| 3 Bedroom | $1,332 |
| 4 Bedroom | $1,466 |
Income Limits - Rockbridge County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,450
- Low (80%)
- $34,300
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,500
- Low (80%)
- $39,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,600
- Low (80%)
- $48,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,050
- Low (80%)
- $52,900
- Extremely Low (30%)
- $35,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $37,950
- Very Low (50%)
- $37,950
- Low (80%)
- $60,700
- Extremely Low (30%)
- $40,400
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,450 | $34,300 |
| 2 Persons | $17,420 | $24,500 | $39,200 |
| 3 Persons | $21,960 | $27,550 | $44,100 |
| 4 Persons | $26,500 | $30,600 | $48,950 |
| 5 Persons | $31,040 | $33,050 | $52,900 |
| 6 Persons | $35,500 | $35,500 | $56,800 |
| 7 Persons | $37,950 | $37,950 | $60,700 |
| 8 Persons | $40,400 | $40,400 | $64,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lexington, VA?+
The Fair Market Rent (FMR) for Rockbridge County, VA is: $772 (Studio), $842 (1BR), $945 (2BR), $1332 (3BR), $1466 (4BR). Actual rent at subsidized properties like Village At Rockbridge is typically 30% of household income or less.
What size apartments are available at Village At Rockbridge?+
Village At Rockbridge offers the following unit types: 40 Two-Bedroom, 22 Three-Bedroom, 2 Four-Bedroom units, for a total of 64 units.
What is the price range for apartments in Lexington, VA?+
Based on Fair Market Rent for Rockbridge County, the estimated price range is: 2-bedroom: $945, 3-bedroom: $1332. Actual rent at Village At Rockbridge may be lower for income-eligible households.
How do I apply for housing at Village At Rockbridge?+
Village At Rockbridge 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 are the income limits for affordable housing in Rockbridge County, VA?+
For a 4-person household in Rockbridge County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,600, Low Income (80% AMI): $48,950. These limits are set by HUD and updated annually.
Who manages Village At Rockbridge?+
Village At Rockbridge is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Village At Rockbridge?+
Village At Rockbridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.