Cac 515 Preservation Portfolio — Income-Restricted Housing in Yelm, WA 98597
405 Killion Court NW, Yelm, WA 98597
109 units · 106 income-restricted · 1–2 BR
How to apply
- No phone is listed. Try visiting the property or asking the city housing office how to apply.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 2016
- Income limit
- 60% AMI
- Bedrooms
- 99 1 bedroom · 10 2 bedrooms
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Nearby income-restricted buildings
Killion Court
405 NW Killion Rd, Yelm, WA 98597
0.1 mi away
20 units · 1–2 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Prairie Run
205 Mountain View Rd SE, Yelm, WA 98597
0.3 mi away
32 units · 2–3 BR · People with disabilities
- 1 vacant unit reported (Oct 2026) — call to confirm
Rainier
202 SW Edwards St, Yelm, WA 98597
0.7 mi away
22 units · 1–2 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Salmon Run
10720 Vancil Rd SE, Yelm, WA 98597
1.6 mi away
40 units · 1–4+ BR · People with disabilities
- 2 vacant units reported (Oct 2026) — call to confirm
Rents and income limits in 98597
- Fair market rent, 2 bedrooms
- $1,850/mo
- Income needed to pay it at 30% of income
- $74,000/yr
- Renters in 98597 paying 30% or more of income on rent
- 49%
Income limits (2026)
Olympia-Lacey-Tumwater, WA area · median family income $122,800. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $25,800 | $43,000 | $68,800 |
| 2 | $29,500 | $49,150 | $78,600 |
| 3 | $33,200 | $55,300 | $88,450 |
| 4 | $36,850 | $61,400 | $98,250 |
| 5 | $39,800 | $66,350 | $106,150 |
| 6 | $44,360 | $71,250 | $114,000 |
| 7 | $50,040 | $76,150 | $121,850 |
| 8 | $55,720 | $81,050 | $129,700 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 98597 | Wider area |
|---|---|---|
| Studio | $1,510 | $1,586 |
| 1 bedroom | $1,570 | $1,656 |
| 2 bedrooms | $1,850 | $1,946 |
| 3 bedrooms | $2,420 | $2,541 |
| 4 bedrooms | $2,990 | $3,141 |
Wider area = Olympia-Lacey-Tumwater, WA. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,440 (98533) to $2,140 (98580).
Census figures for 98597 (2020–2024 average): median rent $1,638. Median household income $92,219. 22% of homes are rented. 49% of renters pay 30% or more of their income on rent, and 14% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 98597's fair market rent.
Estimate your Section 8 rent share for 98597Frequently Asked Questions
How do I apply to Cac 515 Preservation Portfolio?
No phone is listed for Cac 515 Preservation Portfolio. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Cac 515 Preservation Portfolio Section 8 housing?
Cac 515 Preservation Portfolio is listed as income-restricted housing in Yelm, WA 98597 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Cac 515 Preservation Portfolio?
Public records list 109 units at Cac 515 Preservation Portfolio in Yelm, WA 98597. That is a building size, not a count of open apartments.
Are there other affordable apartments near Cac 515 Preservation Portfolio?
Yes — this page lists other income-restricted buildings in 98597 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Cac 515 Preservation Portfolio?
Call the number on this page and ask about the waiting list or how to apply at Cac 515 Preservation Portfolio in Yelm, WA 98597. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Yelm, WA 98597?
Most income-restricted buildings in Yelm, WA 98597 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $43,000, and $61,400 for a 4-person household. Public housing can go up to 80% ($68,800 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Yelm, WA 98597?
For many programs in Yelm, WA 98597, the 2026 HUD very low-income (50%) limit is $43,000 a year for 1 person and $61,400 for 4 people. The low-income (80%) limit is $68,800 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Yelm, WA 98597?
In public housing and most Section 8 in Yelm, WA 98597, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Yelm, WA 98597 is $1,850 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Cac 515 Preservation Portfolio take Section 8 vouchers?
This file does not say that Cac 515 Preservation Portfolio has a project-based Section 8 contract. Some landlords in Yelm, WA 98597 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Cac 515 Preservation Portfolio.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.