About This Property
Richard Stout Homes is a public housing development in Neptune, New Jersey, comprising 4 units designed for accessibility. All units meet accessibility standards and serve residents in Monmouth County. The development provides affordable housing options in the Neptune area.
Waitlist Information
Waitlist managed by Neptune Housing Authority
The waitlist for 1-Bedroom/Senior Apartments was open from May 15-16, 2024, accepting applications from elderly (62+) or disabled single or two-member households, with 40 spots selected via lottery.
The HCV program waitlist opened on January 29, 2025, accepting applications from elderly, disabled, single-member households, and families, until 150 spots were filled.
Waitlist data provided by section8waitlist.org
Updated June 19, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
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.
- Extremely Low (30%)
- $22,900
- Very Low (50%)
- $38,150
- Low (80%)
- $55,950
- Extremely Low (30%)
- $26,150
- Very Low (50%)
- $43,600
- Low (80%)
- $63,950
- Extremely Low (30%)
- $29,400
- Very Low (50%)
- $49,050
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,650
- Very Low (50%)
- $54,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $35,300
- Very Low (50%)
- $58,850
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,900
- Very Low (50%)
- $63,200
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,500
- Very Low (50%)
- $67,550
- Low (80%)
- $99,100
- 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 |
Advertisement
Frequently Asked Questions
What is the average rent for affordable housing in Neptune, 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 Richard Stout Homes is typically 30% of household income or less.
How many units does Richard Stout Homes have?+
Richard Stout Homes has a total of 4 housing units.
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.
What is the HUD inspection score for Richard Stout Homes?+
Richard Stout Homes has a HUD inspection score of 72 out of 100, which is considered adequate. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
How do I apply for housing at Richard Stout Homes?+
Richard Stout Homes is a Public Housing property. To apply, you can start by calling 7327747692, or visiting their website, or contacting the property management office. You may need to submit an application and be placed on a waitlist. Eligibility is typically based on income, family size, and other factors.
Is there a waitlist for Richard Stout Homes?+
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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Richard Stout Homes
Neptune Housing Authority
Neptune, NJ
663 Units
Midtown Senior Apts. #724
Neptune, NJ
40 UnitsWest Lake Senior Apartments #702
Neptune, NJ
42 Units
Washington Village
Asbury Park, NJ
8 UnitsSebastian Villa
Neptune, NJ
170 Units
Almerth M. Battles Homes
Neptune, NJ
7 Units