About This Property
Fredericktown Apts III offers 16 low-income units in Fredericktown, Missouri, with a unit mix of twelve 1-bedroom and four 2-bedroom apartments. The property was placed in service in 1994 and remains in operation in Madison County.
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 Fredericktown Apts Iii is typically 30% of household income or less.
What size apartments are available at Fredericktown Apts Iii?+
Fredericktown Apts Iii offers the following unit types: 12 One-Bedroom, 4 Two-Bedroom units, for a total of 16 units.
What is the price range for apartments in Fredericktown, MO?+
Based on Fair Market Rent for Madison County, the estimated price range is: 1-bedroom: $607, 2-bedroom: $797. Actual rent at Fredericktown Apts Iii may be lower for income-eligible households.
Who manages Fredericktown Apts Iii?+
Fredericktown Apts Iii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Fredericktown Apts Iii?+
Fredericktown Apts Iii 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, 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.