About This Property
Somerset Square in Franklin Township offers 151 rental units in Somerset, New Jersey, with 83 units designated for low-income residents. The property is managed to serve the housing needs of Somerset County residents. Interested applicants can contact the property management office for information about availability and lease terms.
Waitlist Information
Waitlist managed by Franklin Housing Authority
The waiting list is currently closed.
The waiting list for the Housing Choice Voucher/Section 8 Program is currently closed, and selections were previously made by random lottery for those meeting income eligibility.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
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 Somerset, 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 Somerset Square Franklin Twp 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 Somerset Square Franklin Twp?+
Somerset Square Franklin Twp is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Somerset Square Franklin Twp?+
Somerset Square Franklin Twp 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 Somerset Square Franklin Twp?+
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
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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