About This Property
Tyson School Apts comprises 36 low-income units in Versailles, IN, offering a mix of 18 one-bedroom and 18 two-bedroom apartments. The property was placed in service in 2004 and receives funding through the HOME program. Interested parties should contact the property management for additional information regarding availability and lease terms.
Property Details
Fair Market Rent - Ripley County, IN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $617 |
| 1 Bedroom | $673 |
| 2 Bedroom | $884 |
| 3 Bedroom | $1,216 |
| 4 Bedroom | $1,282 |
Income Limits - Ripley County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,700
- Very Low (50%)
- $24,500
- Low (80%)
- $39,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,000
- Low (80%)
- $44,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,500
- Low (80%)
- $50,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,950
- Low (80%)
- $55,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,750
- Low (80%)
- $60,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,550
- Low (80%)
- $64,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,350
- Low (80%)
- $69,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,150
- Low (80%)
- $73,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,700 | $24,500 | $39,150 |
| 2 Persons | $17,420 | $28,000 | $44,750 |
| 3 Persons | $21,960 | $31,500 | $50,350 |
| 4 Persons | $26,500 | $34,950 | $55,900 |
| 5 Persons | $31,040 | $37,750 | $60,400 |
| 6 Persons | $35,580 | $40,550 | $64,850 |
| 7 Persons | $40,120 | $43,350 | $69,350 |
| 8 Persons | $44,660 | $46,150 | $73,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Versailles, IN?+
The Fair Market Rent (FMR) for Ripley County, IN is: $617 (Studio), $673 (1BR), $884 (2BR), $1216 (3BR), $1282 (4BR). Actual rent at subsidized properties like Tyson School Apts is typically 30% of household income or less.
What size apartments are available at Tyson School Apts?+
Tyson School Apts offers the following unit types: 18 One-Bedroom, 18 Two-Bedroom units, for a total of 36 units.
How do I apply for housing at Tyson School Apts?+
Tyson School Apts 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 Versailles, IN?+
Based on Fair Market Rent for Ripley County, the estimated price range is: 1-bedroom: $673, 2-bedroom: $884. Actual rent at Tyson School Apts may be lower for income-eligible households.
Who manages Tyson School Apts?+
Tyson School Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Ripley County, IN?+
For a 4-person household in Ripley County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,950, Low Income (80% AMI): $55,900. These limits are set by HUD and updated annually.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.