About This Property
Peapack/Gladstone Family Housing #543 contains 20 units and serves the Peapack, New Jersey area in Somerset County. The property has been in service since 2012. This affordable housing community offers residences for families in the region.
Property Details
Fair Market Rent - Somerset 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 | $1,608 |
| 1 Bedroom | $1,807 |
| 2 Bedroom | $2,276 |
| 3 Bedroom | $2,756 |
| 4 Bedroom | $3,031 |
Income Limits - Somerset County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $25,900
- Very Low (50%)
- $43,150
- Low (80%)
- $57,250
- Extremely Low (30%)
- $29,600
- Very Low (50%)
- $49,300
- Low (80%)
- $65,400
- Extremely Low (30%)
- $33,300
- Very Low (50%)
- $55,450
- Low (80%)
- $73,600
- Extremely Low (30%)
- $36,950
- Very Low (50%)
- $61,600
- Low (80%)
- $81,750
- Extremely Low (30%)
- $39,950
- Very Low (50%)
- $66,550
- Low (80%)
- $88,300
- Extremely Low (30%)
- $42,900
- Very Low (50%)
- $71,500
- Low (80%)
- $94,850
- Extremely Low (30%)
- $45,850
- Very Low (50%)
- $76,400
- Low (80%)
- $101,400
- Extremely Low (30%)
- $48,800
- Very Low (50%)
- $81,350
- Low (80%)
- $107,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $25,900 | $43,150 | $57,250 |
| 2 Persons | $29,600 | $49,300 | $65,400 |
| 3 Persons | $33,300 | $55,450 | $73,600 |
| 4 Persons | $36,950 | $61,600 | $81,750 |
| 5 Persons | $39,950 | $66,550 | $88,300 |
| 6 Persons | $42,900 | $71,500 | $94,850 |
| 7 Persons | $45,850 | $76,400 | $101,400 |
| 8 Persons | $48,800 | $81,350 | $107,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Peapack, NJ?+
The Fair Market Rent (FMR) for Somerset County, NJ is: $1608 (Studio), $1807 (1BR), $2276 (2BR), $2756 (3BR), $3031 (4BR). Actual rent at subsidized properties like Peapack/Gladstone Family Housing #543 is typically 30% of household income or less.
What are the income limits for affordable housing in Somerset County, NJ?+
For a 4-person household in Somerset County, NJ, the income limits are: Extremely Low Income (30% AMI): $36,950, Very Low Income (50% AMI): $61,600, Low Income (80% AMI): $81,750. These limits are set by HUD and updated annually.
Who manages Peapack/Gladstone Family Housing #543?+
Peapack/Gladstone Family Housing #543 is managed by . You can reach them at .
How do I apply for housing at Peapack/Gladstone Family Housing #543?+
Peapack/Gladstone Family Housing #543 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
Almost All Errands Require a Car
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