Margate Terrace Apartments — Income-Restricted Housing in Margate City, NJ 08402
610 N Fredricksburg Ave, Margate, NJ 08402
75 units · 74 income-restricted · Studio–1 BR
Management office: (609) 867-6004Directions
How to apply
- Call the management office at (609) 867-6004 to ask about applying, vacancies, and waiting lists.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1992
- Bedrooms
- 18 Studio · 56 1 bedroom
- HUD inspection
- HUD inspection score: 97/100 (Jun 2026) HUD inspects subsidized buildings on a 0–100 scale. This is a snapshot, not a pass/fail grade.
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Nearby income-restricted buildings
Shalom House
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0.1 mi away
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Buzby Homes Rehabilitation
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Pleasantville Mixed Income
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- Affordability period may have ended — call to confirm
Northfield Consumer Home
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Rents and income limits in 08402
- Fair market rent, 2 bedrooms
- $2,080/mo
- Income needed to pay it at 30% of income
- $83,200/yr
- Renters in 08402 paying 30% or more of income on rent
- 33%
Income limits (2026)
Atlantic City-Hammonton, NJ area · median family income $97,500. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $22,900 | $38,100 | $60,950 |
| 2 | $26,150 | $43,550 | $69,650 |
| 3 | $29,400 | $49,000 | $78,350 |
| 4 | $33,000 | $54,400 | $87,050 |
| 5 | $38,680 | $58,800 | $94,050 |
| 6 | $44,360 | $63,150 | $101,000 |
| 7 | $50,040 | $67,500 | $107,950 |
| 8 | $55,720 | $71,850 | $114,950 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 08402 | Wider area |
|---|---|---|
| Studio | $1,510 | $1,378 |
| 1 bedroom | $1,720 | $1,567 |
| 2 bedrooms | $2,080 | $1,899 |
| 3 bedrooms | $2,820 | $2,578 |
| 4 bedrooms | $3,120 | $2,849 |
Wider area = Atlantic City-Hammonton, NJ. Two-bedroom fair market rents in 12 nearby ZIPs range from $1,690 (08401) to $2,850 (08403).
Census figures for 08402 (2020–2024 average): median rent $1,347. Median household income $121,800. 10% of homes are rented. 33% of renters pay 30% or more of their income on rent, and 10% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 08402's fair market rent.
Estimate your Section 8 rent share for 08402Frequently Asked Questions
How do I apply to Margate Terrace Apartments?
Call (609) 867-6004 and ask about applying, vacancies, and waiting lists at Margate Terrace Apartments in Margate City, NJ 08402. These records do not show openings.
Is Margate Terrace Apartments Section 8 housing?
Margate Terrace Apartments is listed with a HUD-assisted or project-based Section 8 contract. The subsidy stays with the apartment. A Housing Choice Voucher is different — you apply with the housing authority. Confirm the program when you call.
How many units are at Margate Terrace Apartments?
Public records list 75 units at Margate Terrace Apartments in Margate City, NJ 08402. That is a building size, not a count of open apartments.
Are there other affordable apartments near Margate Terrace Apartments?
Yes — this page lists other income-restricted buildings in 08402 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Margate Terrace Apartments?
Call the number on this page and ask about the waiting list or how to apply at Margate Terrace Apartments in Margate City, NJ 08402. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Margate City, NJ 08402?
Most income-restricted buildings in Margate City, NJ 08402 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $38,100, and $54,400 for a 4-person household. Public housing can go up to 80% ($60,950 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Margate City, NJ 08402?
For many programs in Margate City, NJ 08402, the 2026 HUD very low-income (50%) limit is $38,100 a year for 1 person and $54,400 for 4 people. The low-income (80%) limit is $60,950 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Margate City, NJ 08402?
In public housing and most Section 8 in Margate City, NJ 08402, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Margate City, NJ 08402 is $2,080 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Margate Terrace Apartments take Section 8 vouchers?
Margate Terrace Apartments is listed with project-based Section 8 or HUD assistance — the subsidy is on the unit, so you usually apply at the building rather than bringing a tenant voucher. Ask when you call whether they also accept Housing Choice Vouchers.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.