About This Property
Cherokee Trails Apts comprises 24 low-income rental units in Fredericktown, Missouri, with 16 two-bedroom and 8 three-bedroom floor plans. The property was placed in service in 2000 and utilizes 9% Low-Income Housing Tax Credits. A non-profit entity owns the community.
Property Details
Fair Market Rent - Madison County, MO
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $601 |
| 1 Bedroom | $607 |
| 2 Bedroom | $797 |
| 3 Bedroom | $1,076 |
| 4 Bedroom | $1,353 |
Income Limits - Madison County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,850
- Low (80%)
- $31,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,650
- Low (80%)
- $36,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,500
- Low (80%)
- $40,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,300
- Low (80%)
- $45,300
- Extremely Low (30%)
- $30,600
- Very Low (50%)
- $30,600
- Low (80%)
- $48,950
- Extremely Low (30%)
- $32,850
- Very Low (50%)
- $32,850
- Low (80%)
- $52,550
- Extremely Low (30%)
- $35,100
- Very Low (50%)
- $35,100
- Low (80%)
- $56,200
- Extremely Low (30%)
- $37,400
- Very Low (50%)
- $37,400
- Low (80%)
- $59,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,850 | $31,750 |
| 2 Persons | $17,420 | $22,650 | $36,250 |
| 3 Persons | $21,960 | $25,500 | $40,800 |
| 4 Persons | $26,500 | $28,300 | $45,300 |
| 5 Persons | $30,600 | $30,600 | $48,950 |
| 6 Persons | $32,850 | $32,850 | $52,550 |
| 7 Persons | $35,100 | $35,100 | $56,200 |
| 8 Persons | $37,400 | $37,400 | $59,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fredericktown, MO?+
The Fair Market Rent (FMR) for Madison County, MO is: $601 (Studio), $607 (1BR), $797 (2BR), $1076 (3BR), $1353 (4BR). Actual rent at subsidized properties like Cherokee Trails Apts is typically 30% of household income or less.
What size apartments are available at Cherokee Trails Apts?+
Cherokee Trails Apts offers the following unit types: 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
Who manages Cherokee Trails Apts?+
Cherokee Trails Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Fredericktown, MO?+
Based on Fair Market Rent for Madison County, the estimated price range is: 2-bedroom: $797, 3-bedroom: $1076. Actual rent at Cherokee Trails Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Madison County, MO?+
For a 4-person household in Madison County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,300, Low Income (80% AMI): $45,300. These limits are set by HUD and updated annually.
How do I apply for housing at Cherokee Trails Apts?+
Cherokee Trails 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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