About This Property
Philippi Terrace contains 49 units in Philippi, WV, with 48 designated as low-income housing. The property, which entered service in 2001, offers a mix of studio, one-, two-, and three-bedroom units and is funded through 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Barbour County, WV
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $679 |
| 1 Bedroom | $755 |
| 2 Bedroom | $848 |
| 3 Bedroom | $1,142 |
| 4 Bedroom | $1,330 |
Income Limits - Barbour County, WV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,200
- Low (80%)
- $30,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,950
- Low (80%)
- $35,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,400
- Low (80%)
- $43,850
- Extremely Low (30%)
- $29,600
- Very Low (50%)
- $29,600
- Low (80%)
- $47,400
- Extremely Low (30%)
- $31,800
- Very Low (50%)
- $31,800
- Low (80%)
- $50,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $36,200
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,200 | $30,700 |
| 2 Persons | $17,420 | $21,950 | $35,100 |
| 3 Persons | $21,960 | $24,700 | $39,500 |
| 4 Persons | $26,500 | $27,400 | $43,850 |
| 5 Persons | $29,600 | $29,600 | $47,400 |
| 6 Persons | $31,800 | $31,800 | $50,900 |
| 7 Persons | $34,000 | $34,000 | $54,400 |
| 8 Persons | $36,200 | $36,200 | $57,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Philippi, WV?+
The Fair Market Rent (FMR) for Barbour County, WV is: $679 (Studio), $755 (1BR), $848 (2BR), $1142 (3BR), $1330 (4BR). Actual rent at subsidized properties like Philippi Terrace is typically 30% of household income or less.
What size apartments are available at Philippi Terrace?+
Philippi Terrace offers the following unit types: 1 Studio, 24 One-Bedroom, 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 49 units.
What is the price range for apartments in Philippi, WV?+
Based on Fair Market Rent for Barbour County, the estimated price range is: 1-bedroom: $755, 2-bedroom: $848, 3-bedroom: $1142. Actual rent at Philippi Terrace may be lower for income-eligible households.
Who manages Philippi Terrace?+
Philippi Terrace is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Barbour County, WV?+
For a 4-person household in Barbour County, WV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,400, Low Income (80% AMI): $43,850. These limits are set by HUD and updated annually.
How do I apply for housing at Philippi Terrace?+
Philippi Terrace 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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.