About This Property
Park Terrace is a 151-unit residential community in Muskegon, Michigan that includes 64 low-income units designated for families. The property offers a mix of one-, two-, and three-bedroom floor plans, with 24 units of each bedroom size, respectively, and was placed in service in 2004. Park Terrace is funded through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Muskegon Housing Commission
Includes Hartford Terrace (1-bedroom apartments) and Family Public Housing duplexes (2-bedroom units, families of 2 or more eligible).
Applications for the Section 8 Program are only available when the Waiting List is opened. Announcements of open enrollment can be found in the local paper, the radio and this website.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Muskegon County, MI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $716 |
| 1 Bedroom | $811 |
| 2 Bedroom | $1,056 |
| 3 Bedroom | $1,311 |
| 4 Bedroom | $1,406 |
Income Limits - Muskegon County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,600
- Low (80%)
- $36,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,050
- Low (80%)
- $46,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $42,600
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,600 | $36,150 |
| 2 Persons | $17,420 | $25,800 | $41,300 |
| 3 Persons | $21,960 | $29,050 | $46,450 |
| 4 Persons | $26,500 | $32,250 | $51,600 |
| 5 Persons | $31,040 | $34,850 | $55,750 |
| 6 Persons | $35,580 | $37,450 | $59,900 |
| 7 Persons | $40,000 | $40,000 | $64,000 |
| 8 Persons | $42,600 | $42,600 | $68,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Muskegon, MI?+
The Fair Market Rent (FMR) for Muskegon County, MI is: $716 (Studio), $811 (1BR), $1056 (2BR), $1311 (3BR), $1406 (4BR). Actual rent at subsidized properties like Park Terrace (Muskegon) is typically 30% of household income or less.
What size apartments are available at Park Terrace (Muskegon)?+
Park Terrace (Muskegon) offers the following unit types: 24 One-Bedroom, 103 Two-Bedroom, 24 Three-Bedroom units, for a total of 151 units.
What are the income limits for affordable housing in Muskegon County, MI?+
For a 4-person household in Muskegon County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,250, Low Income (80% AMI): $51,600. These limits are set by HUD and updated annually.
What is the price range for apartments in Muskegon, MI?+
Based on Fair Market Rent for Muskegon County, the estimated price range is: 1-bedroom: $811, 2-bedroom: $1056, 3-bedroom: $1311. Actual rent at Park Terrace (Muskegon) may be lower for income-eligible households.
Who manages Park Terrace (Muskegon)?+
Park Terrace (Muskegon) is managed by . You can reach them at .
Is there a waitlist for Park Terrace (Muskegon)?+
Public Housing waitlist is currently Open. 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.
Who is eligible to live at Park Terrace (Muskegon)?+
Park Terrace (Muskegon) primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Park Terrace (Muskegon)?+
Park Terrace (Muskegon) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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