Low Income (LIHTC)

Wood Avenue Apartments

48 Wood Ave, Manalapan, NJ, 7726

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Wood Avenue Apartments comprises 80 units in Manalapan, New Jersey within Monmouth County. The property was placed in service in 2012 and provides affordable housing options for residents in the area.

Property Details

Total Units

Fair Market Rent - Monmouth 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	$1,385
1 Bedroom	$1,546
2 Bedroom	$1,916
3 Bedroom	$2,604
4 Bedroom	$2,904

Income Limits - Monmouth County, NJ

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $22,900
Very Low (50%): $38,150
Low (80%): $55,950

2 Persons

Extremely Low (30%): $26,150
Very Low (50%): $43,600
Low (80%): $63,950

3 Persons

Extremely Low (30%): $29,400
Very Low (50%): $49,050
Low (80%): $71,950

4 Persons

Extremely Low (30%): $32,650
Very Low (50%): $54,450
Low (80%): $79,900

5 Persons

Extremely Low (30%): $35,300
Very Low (50%): $58,850
Low (80%): $86,300

6 Persons

Extremely Low (30%): $37,900
Very Low (50%): $63,200
Low (80%): $92,700

7 Persons

Extremely Low (30%): $40,500
Very Low (50%): $67,550
Low (80%): $99,100

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $71,900
Low (80%): $105,500

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$22,900	$38,150	$55,950
2 Persons	$26,150	$43,600	$63,950
3 Persons	$29,400	$49,050	$71,950
4 Persons	$32,650	$54,450	$79,900
5 Persons	$35,300	$58,850	$86,300
6 Persons	$37,900	$63,200	$92,700
7 Persons	$40,500	$67,550	$99,100
8 Persons	$44,660	$71,900	$105,500

Tax Credit Program Details

Year Placed in Service

2012

LIHTC Credit Type

Low-Income Units

0 / 80

Frequently Asked Questions

What is the average rent for affordable housing in Manalapan, NJ?+

The Fair Market Rent (FMR) for Monmouth County, NJ is: $1385 (Studio), $1546 (1BR), $1916 (2BR), $2604 (3BR), $2904 (4BR). Actual rent at subsidized properties like Wood Avenue Apartments is typically 30% of household income or less.

What are the income limits for affordable housing in Monmouth County, NJ?+

For a 4-person household in Monmouth County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,650, Very Low Income (50% AMI): $54,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.

Who manages Wood Avenue Apartments?+

Wood Avenue Apartments is managed by . You can reach them at .

How do I apply for housing at Wood Avenue Apartments?+

Wood Avenue Apartments 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.

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