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Application Requirements

Welcome to Magnolia Court, an Income Affordable Apartment Community.

Rental Rates are as follows:                                 

One Bedroom                $950

Two Bedroom               $1,075

Three Bedroom             $1,280

 

Application Fee: $50

Security Deposit: $350 (additional might be required)

 

Income requirements that each household must meet are as follows:

 

# Household                           60% Level

1 Person                                   $43,740

2 People                                   $49,980

3 People                                   $56,220

4 People                                   $62,460

5 People                                   $67,500

6 People                                   $72,480

7 People                                   $77,460

8 People                                   $82,500

 

Gross income is calculated as income before taxes.

 

Income includes, but is not limited to wages from employment, social security, pension, court ordered child support, military Income, unemployment, self-employment income (must be verified with previous tax return), and gift contributions (can only be 35% of qualifying income).

 

Rates and Income Levels subject to change.

 

Effective 5/1/2026