About This Property
Main Street Station offers 68 units in Rexburg, ID, with 67 designated as low-income housing for families. The property features a mix of one-, two-, and three-bedroom units, with 32 units of each one and two-bedroom configuration and four three-bedroom units. Placed in service in 2003, the property participates in the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Madison County, ID
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $916 |
| 1 Bedroom | $929 |
| 2 Bedroom | $1,057 |
| 3 Bedroom | $1,490 |
| 4 Bedroom | $1,794 |
Income Limits - Madison County, ID
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,850
- Low (80%)
- $33,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,800
- Low (80%)
- $38,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,800
- Low (80%)
- $42,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,150
- Low (80%)
- $51,450
- Extremely Low (30%)
- $34,550
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $36,900
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $39,300
- Very Low (50%)
- $39,300
- Low (80%)
- $62,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,850 | $33,350 |
| 2 Persons | $17,420 | $23,800 | $38,100 |
| 3 Persons | $21,960 | $26,800 | $42,850 |
| 4 Persons | $26,500 | $29,750 | $47,600 |
| 5 Persons | $31,040 | $32,150 | $51,450 |
| 6 Persons | $34,550 | $34,550 | $55,250 |
| 7 Persons | $36,900 | $36,900 | $59,050 |
| 8 Persons | $39,300 | $39,300 | $62,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rexburg, ID?+
The Fair Market Rent (FMR) for Madison County, ID is: $916 (Studio), $929 (1BR), $1057 (2BR), $1490 (3BR), $1794 (4BR). Actual rent at subsidized properties like Main Street Station is typically 30% of household income or less.
What size apartments are available at Main Street Station?+
Main Street Station offers the following unit types: 32 One-Bedroom, 32 Two-Bedroom, 4 Three-Bedroom units, for a total of 68 units.
What is the price range for apartments in Rexburg, ID?+
Based on Fair Market Rent for Madison County, the estimated price range is: 1-bedroom: $929, 2-bedroom: $1057, 3-bedroom: $1490. Actual rent at Main Street Station may be lower for income-eligible households.
Who is eligible to live at Main Street Station?+
Main Street Station 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 Main Street Station?+
Main Street Station 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 Madison County, ID?+
For a 4-person household in Madison County, ID, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,750, Low Income (80% AMI): $47,600. These limits are set by HUD and updated annually.
Who manages Main Street Station?+
Main Street Station is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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