About This Property
Merriwood Apartments comprises 27 low-income units in Bull Shoals, Arkansas, with a unit mix of 16 one-bedroom, 10 two-bedroom, and 1 three-bedroom apartments. The property has been in service since 2010 and operates in Marion County. The community serves households with low incomes and is professionally managed.
Property Details
Fair Market Rent - Marion County, AR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $630 |
| 1 Bedroom | $648 |
| 2 Bedroom | $852 |
| 3 Bedroom | $1,030 |
| 4 Bedroom | $1,213 |
Income Limits - Marion County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,950
- Low (80%)
- $30,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,650
- Low (80%)
- $34,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,350
- Low (80%)
- $39,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,050
- Low (80%)
- $43,300
- Extremely Low (30%)
- $29,250
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,400
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $33,550
- Very Low (50%)
- $33,550
- Low (80%)
- $53,700
- Extremely Low (30%)
- $35,750
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,950 | $30,350 |
| 2 Persons | $17,420 | $21,650 | $34,650 |
| 3 Persons | $21,960 | $24,350 | $39,000 |
| 4 Persons | $26,500 | $27,050 | $43,300 |
| 5 Persons | $29,250 | $29,250 | $46,800 |
| 6 Persons | $31,400 | $31,400 | $50,250 |
| 7 Persons | $33,550 | $33,550 | $53,700 |
| 8 Persons | $35,750 | $35,750 | $57,200 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bull Shoals, AR?+
The Fair Market Rent (FMR) for Marion County, AR is: $630 (Studio), $648 (1BR), $852 (2BR), $1030 (3BR), $1213 (4BR). Actual rent at subsidized properties like Merriwood Apartments is typically 30% of household income or less.
What size apartments are available at Merriwood Apartments?+
Merriwood Apartments offers the following unit types: 16 One-Bedroom, 10 Two-Bedroom, 1 Three-Bedroom units, for a total of 27 units.
Who manages Merriwood Apartments?+
Merriwood Apartments is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Bull Shoals, AR?+
Based on Fair Market Rent for Marion County, the estimated price range is: 1-bedroom: $648, 2-bedroom: $852, 3-bedroom: $1030. Actual rent at Merriwood Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Marion County, AR?+
For a 4-person household in Marion County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,050, Low Income (80% AMI): $43,300. These limits are set by HUD and updated annually.
How do I apply for housing at Merriwood Apartments?+
Merriwood 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.
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