About This Property
Oaks Apartments offers 42 low-income units in Oakman, AL, with a mix of one, two, and three-bedroom floor plans serving families. The property includes 8 one-bedroom units, 24 two-bedroom units, and 10 three-bedroom units. The community was placed in service in 2015.
Property Details
Fair Market Rent - Walker County, AL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $642 |
| 1 Bedroom | $652 |
| 2 Bedroom | $857 |
| 3 Bedroom | $1,208 |
| 4 Bedroom | $1,294 |
Income Limits - Walker County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,400
- Low (80%)
- $32,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,300
- Low (80%)
- $37,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,200
- Low (80%)
- $41,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,100
- Low (80%)
- $46,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,450
- Low (80%)
- $50,300
- Extremely Low (30%)
- $33,800
- Very Low (50%)
- $33,800
- Low (80%)
- $54,000
- Extremely Low (30%)
- $36,100
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $38,450
- Very Low (50%)
- $38,450
- Low (80%)
- $61,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,400 | $32,600 |
| 2 Persons | $17,420 | $23,300 | $37,250 |
| 3 Persons | $21,960 | $26,200 | $41,900 |
| 4 Persons | $26,500 | $29,100 | $46,550 |
| 5 Persons | $31,040 | $31,450 | $50,300 |
| 6 Persons | $33,800 | $33,800 | $54,000 |
| 7 Persons | $36,100 | $36,100 | $57,750 |
| 8 Persons | $38,450 | $38,450 | $61,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oakman, AL?+
The Fair Market Rent (FMR) for Walker County, AL is: $642 (Studio), $652 (1BR), $857 (2BR), $1208 (3BR), $1294 (4BR). Actual rent at subsidized properties like Oaks Apartments is typically 30% of household income or less.
What size apartments are available at Oaks Apartments?+
Oaks Apartments offers the following unit types: 8 One-Bedroom, 24 Two-Bedroom, 10 Three-Bedroom units, for a total of 42 units.
Who manages Oaks Apartments?+
Oaks Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Walker County, AL?+
For a 4-person household in Walker County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,100, Low Income (80% AMI): $46,550. These limits are set by HUD and updated annually.
Who is eligible to live at Oaks Apartments?+
Oaks Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Oaks Apartments?+
Oaks Apartments 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 Oakman, AL?+
Based on Fair Market Rent for Walker County, the estimated price range is: 1-bedroom: $652, 2-bedroom: $857, 3-bedroom: $1208. Actual rent at Oaks Apartments may be lower for income-eligible households.
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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