About This Property
Kings Terrace comprises 300 units in Miami-Dade County, with 298 units designated for low-income households. The property, which opened in 2012, includes 40 one-bedroom, 156 two-bedroom, 72 three-bedroom, and 32 four-bedroom units and serves families. Funding for the development came from HOME grants and tax-exempt bonds, with the property utilizing 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Miami Dade Public Housing and Community Development
Applicants had to be 18 years or older and meet HUD income limits; a computerized lottery selected 7,500 applications; Miami-Dade County residency was required.
5,000 applications were randomly selected; preferences included terminated due to insufficient funding, displacement due to natural disaster or government action, veterans, mainstream preference, and Miami-Dade County residency.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Miami-Dade County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,683 |
| 1 Bedroom | $1,884 |
| 2 Bedroom | $2,324 |
| 3 Bedroom | $3,027 |
| 4 Bedroom | $3,589 |
Income Limits - Miami-Dade County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,650
- Low (80%)
- $50,650
- Extremely Low (30%)
- $21,700
- Very Low (50%)
- $36,200
- Low (80%)
- $57,850
- Extremely Low (30%)
- $24,400
- Very Low (50%)
- $40,700
- Low (80%)
- $65,100
- Extremely Low (30%)
- $27,100
- Very Low (50%)
- $45,200
- Low (80%)
- $72,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,850
- Low (80%)
- $78,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,450
- Low (80%)
- $83,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $56,050
- Low (80%)
- $89,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,700
- Low (80%)
- $95,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,000 | $31,650 | $50,650 |
| 2 Persons | $21,700 | $36,200 | $57,850 |
| 3 Persons | $24,400 | $40,700 | $65,100 |
| 4 Persons | $27,100 | $45,200 | $72,300 |
| 5 Persons | $31,040 | $48,850 | $78,100 |
| 6 Persons | $35,580 | $52,450 | $83,900 |
| 7 Persons | $40,120 | $56,050 | $89,700 |
| 8 Persons | $44,660 | $59,700 | $95,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Miami, FL?+
The Fair Market Rent (FMR) for Miami-Dade County, FL is: $1683 (Studio), $1884 (1BR), $2324 (2BR), $3027 (3BR), $3589 (4BR). Actual rent at subsidized properties like Kings Terrace is typically 30% of household income or less.
What size apartments are available at Kings Terrace?+
Kings Terrace offers the following unit types: 40 One-Bedroom, 156 Two-Bedroom, 72 Three-Bedroom, 32 Four-Bedroom units, for a total of 300 units.
Is there a waitlist for Kings Terrace?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Miami-Dade County, FL?+
For a 4-person household in Miami-Dade County, FL, the income limits are: Extremely Low Income (30% AMI): $27,100, Very Low Income (50% AMI): $45,200, Low Income (80% AMI): $72,300. These limits are set by HUD and updated annually.
Who is eligible to live at Kings Terrace?+
Kings Terrace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Kings Terrace?+
Kings Terrace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Kings Terrace?+
Kings Terrace 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.
What is the price range for apartments in Miami, FL?+
Based on Fair Market Rent for Miami-Dade County, the estimated price range is: 1-bedroom: $1884, 2-bedroom: $2324, 3-bedroom: $3027. Actual rent at Kings Terrace may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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