About This Property
Pearlwood Apts comprises 40 units in Pearl, MS, with 39 designated as low-income housing serving elderly residents. The property includes 20 one-bedroom, 10 two-bedroom, and 10 three-bedroom units and has been in service since 1998. The development utilizes 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Rankin County, MS
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $996 |
| 1 Bedroom | $997 |
| 2 Bedroom | $1,159 |
| 3 Bedroom | $1,401 |
| 4 Bedroom | $1,564 |
Income Limits - Rankin County, MS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,900
- Low (80%)
- $41,400
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,600
- Low (80%)
- $47,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,300
- Low (80%)
- $53,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,950
- Low (80%)
- $59,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,950
- Low (80%)
- $63,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,900
- Low (80%)
- $68,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,850
- Low (80%)
- $73,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,800
- Low (80%)
- $78,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,900 | $41,400 |
| 2 Persons | $17,750 | $29,600 | $47,300 |
| 3 Persons | $21,960 | $33,300 | $53,200 |
| 4 Persons | $26,500 | $36,950 | $59,100 |
| 5 Persons | $31,040 | $39,950 | $63,850 |
| 6 Persons | $35,580 | $42,900 | $68,600 |
| 7 Persons | $40,120 | $45,850 | $73,300 |
| 8 Persons | $44,660 | $48,800 | $78,050 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Pearl, MS?+
The Fair Market Rent (FMR) for Rankin County, MS is: $996 (Studio), $997 (1BR), $1159 (2BR), $1401 (3BR), $1564 (4BR). Actual rent at subsidized properties like Pearlwood Apts is typically 30% of household income or less.
What size apartments are available at Pearlwood Apts?+
Pearlwood Apts offers the following unit types: 20 One-Bedroom, 10 Two-Bedroom, 10 Three-Bedroom units, for a total of 40 units.
What is the price range for apartments in Pearl, MS?+
Based on Fair Market Rent for Rankin County, the estimated price range is: 1-bedroom: $997, 2-bedroom: $1159, 3-bedroom: $1401. Actual rent at Pearlwood Apts may be lower for income-eligible households.
Who is eligible to live at Pearlwood Apts?+
Pearlwood Apts primarily serves elderly residents. 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 Pearlwood Apts?+
Pearlwood Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Who manages Pearlwood Apts?+
Pearlwood Apts is managed by . You can reach them at .
What are the income limits for affordable housing in Rankin County, MS?+
For a 4-person household in Rankin County, MS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,950, Low Income (80% AMI): $59,100. These limits are set by HUD and updated annually.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Pearlwood Apts
Colony Park Apts
Pearl, MS
192 UnitsHolly Hill Apts
Jackson, MS
60 UnitsCrestview Apts - Pearl
Pearl, MS
100 UnitsBrandon Place Apts
Brandon, MS
24 UnitsHallmark Gardens Apts
Jackson, MS
96 UnitsRose Garden Apts
Pearl, MS
62 Units