Welcome to Magnolia Court, an Income Affordable Apartment Community.
Rental Rates are as follows:
One Bedroom $900
Two Bedroom $1,095
Three Bedroom $1,260
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 $40,320
2 People $46,080
3 People $51,840
4 People $57,540
5 People $62,160
6 People $66,780
7 People $71,400
8 People $75,960
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 5/1/2025
