About This Property
Anderson Estates offers 62 low-income units in Palmyra, Missouri, serving families with a mix of one, two, and three-bedroom apartments. The property has been in service since 2007 and includes 2 one-bedroom units, 50 two-bedroom units, and 10 three-bedroom units. As a non-profit owned community, Anderson Estates provides affordable housing options in Marion County.
Property Details
Fair Market Rent - Marion 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 | $622 |
| 1 Bedroom | $669 |
| 2 Bedroom | $828 |
| 3 Bedroom | $1,167 |
| 4 Bedroom | $1,208 |
Income Limits - Marion County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,900
- Very Low (50%)
- $21,500
- Low (80%)
- $34,400
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,600
- Low (80%)
- $39,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,650
- Low (80%)
- $44,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,700
- Low (80%)
- $49,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,200
- Low (80%)
- $53,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $35,650
- Low (80%)
- $57,000
- Extremely Low (30%)
- $38,100
- Very Low (50%)
- $38,100
- Low (80%)
- $60,900
- Extremely Low (30%)
- $40,550
- Very Low (50%)
- $40,550
- Low (80%)
- $64,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,900 | $21,500 | $34,400 |
| 2 Persons | $17,420 | $24,600 | $39,300 |
| 3 Persons | $21,960 | $27,650 | $44,200 |
| 4 Persons | $26,500 | $30,700 | $49,100 |
| 5 Persons | $31,040 | $33,200 | $53,050 |
| 6 Persons | $35,580 | $35,650 | $57,000 |
| 7 Persons | $38,100 | $38,100 | $60,900 |
| 8 Persons | $40,550 | $40,550 | $64,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Palmyra, MO?+
The Fair Market Rent (FMR) for Marion County, MO is: $622 (Studio), $669 (1BR), $828 (2BR), $1167 (3BR), $1208 (4BR). Actual rent at subsidized properties like Anderson Estates is typically 30% of household income or less.
What size apartments are available at Anderson Estates?+
Anderson Estates offers the following unit types: 2 One-Bedroom, 50 Two-Bedroom, 10 Three-Bedroom units, for a total of 62 units.
Who manages Anderson Estates?+
Anderson Estates is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Palmyra, MO?+
Based on Fair Market Rent for Marion County, the estimated price range is: 1-bedroom: $669, 2-bedroom: $828, 3-bedroom: $1167. Actual rent at Anderson Estates may be lower for income-eligible households.
What are the income limits for affordable housing in Marion County, MO?+
For a 4-person household in Marion County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,700, Low Income (80% AMI): $49,100. These limits are set by HUD and updated annually.
How do I apply for housing at Anderson Estates?+
Anderson Estates 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.
Who is eligible to live at Anderson Estates?+
Anderson Estates primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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