About This Property
Karin Court #490 is a 16-unit affordable housing property in Princeton, NJ that has been in service since 2012. The property operates in Mercer County and serves residents seeking affordable rental options. Interested parties can contact the property management for more information about availability and lease terms.
Waitlist Information
Waitlist managed by Princeton Housing Authority
The waiting list is currently closed. Applicants may reapply when the application reopens in the future. Letters of continued interest are periodically mailed to remain on the waiting list.
The waiting list is currently closed. Applicants may reapply when the application reopens in the future. Letters of continued interest are periodically mailed to remain on the waiting list.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Mercer County, NJ
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,354 |
| 1 Bedroom | $1,550 |
| 2 Bedroom | $1,998 |
| 3 Bedroom | $2,416 |
| 4 Bedroom | $2,661 |
Income Limits - Mercer County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,450
- Very Low (50%)
- $37,400
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,650
- Very Low (50%)
- $42,750
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,850
- Very Low (50%)
- $48,100
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,050
- Very Low (50%)
- $53,400
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,650
- Very Low (50%)
- $57,700
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,200
- Very Low (50%)
- $61,950
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $66,250
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $70,500
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,450 | $37,400 | $55,950 |
| 2 Persons | $25,650 | $42,750 | $63,950 |
| 3 Persons | $28,850 | $48,100 | $71,950 |
| 4 Persons | $32,050 | $53,400 | $79,900 |
| 5 Persons | $34,650 | $57,700 | $86,300 |
| 6 Persons | $37,200 | $61,950 | $92,700 |
| 7 Persons | $40,120 | $66,250 | $99,100 |
| 8 Persons | $44,660 | $70,500 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Princeton, NJ?+
The Fair Market Rent (FMR) for Mercer County, NJ is: $1354 (Studio), $1550 (1BR), $1998 (2BR), $2416 (3BR), $2661 (4BR). Actual rent at subsidized properties like Karin Court #490 is typically 30% of household income or less.
What are the income limits for affordable housing in Mercer County, NJ?+
For a 4-person household in Mercer County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,050, Very Low Income (50% AMI): $53,400, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who manages Karin Court #490?+
Karin Court #490 is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Karin Court #490?+
Karin Court #490 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.
Is there a waitlist for Karin Court #490?+
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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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