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MARGATE TERRACE APARTMENTS

610 N Fredricksburg Ave

Margate , NJ 8402

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Section 8 accepted | Add to favorites | Making a rental inquiry

Total apartment units: 75

Assisted housing category: Insured-Subsidized

Owner organization name: Margate Terrace Corporation

Management agent organization name: Community Realty Management

Management agent main phone number: 609-646-8861

Management agent email address: bcoles@COMMUNITYREALTYMANAGEMENT.COM

Hud Administered ind: N

Contract doc type: HAP

Program type: 202/8 NC

Rent to FMR ratio: 169.4993448

Rent to FMR description: Over 160% FMR

Total efficiency units: 18

Total 1bedroom units: 56

Efficiency: $872.00 per month

1bedroom: $1,028.00 per month




2024 Fair Market Rents in Margate, NJ 8402 with Section 8 Assistance

In 2024, Fair Market Rents (FMRs) in Margate, NJ 8402 offer diverse housing options, including those relevant to Section 8 assistance:

  Efficiency: $1,215 (low) to $1,485 (high) per month
  One-Bedrooms: $1,386 (low) to $1,694 (high) per month
  Two-Bedrooms: $1,728 (low) to $2,112 (high) per month
  Three-Bedrooms: $2,439 (low) to $2,981 (high) per month
  Four-Bedrooms: $2,673 (low) to $3,267 (high) per month

These FMRs offer choices for various budgets and Section 8 housing requirements in the Margate, NJ 8402 providing valuable resources for both tenants and landlords.

The prices mentioned include utilities; however, if the property owner doesn't cover utilities, the rent may be lower. Additionally, keep in mind that each housing authority sets its own price limits, so it's advisable to reach out to the housing authority to inquire about the allowable rental rates.

To apply for Section 8 housing, you can check your income against the Atlantic City-Hammonton, NJ MSA Housing Choice voucher income limit to determine your eligibility.