Affordable & Low-Income Housing in Ocean Gate, NJ 08740
No income-restricted buildings are listed in 08740 — here are the closest ones.
No income-restricted buildings are listed in Ocean Gate, NJ 08740. 19 income-restricted buildings are listed nearby (within about 8 miles). These lists don't show openings — call to ask about vacancies and waiting lists.
Closest to 08740
Mill Creek Residence
191 Mill Creek RD, Bayville, NJ 08721
1.5 mi away
6 units · 1 BR · People with disabilities
Bay Ridge Apartments
200 Iger Way, Berkeley Township, NJ 08721
1.8 mi away
96 units
- Affordability period may have ended — call to confirm
Highland Plaza
91 Highland Pky, Toms River, NJ 08753
4.5 mi away
111 units · 110 income-restricted · 1 BR
OMHS Housing 2002
771 Maple Rd, Lanoka Harbor, NJ 08734
4.9 mi away
5 units · 1 BR · People with disabilities
Winteringham Village
1040 Route 166, Toms River, NJ 08753
5.1 mi away
183 units · 182 income-restricted · 1–3 BR
Preferred Supportive Housing 2
37 Ridgewood Drive, Toms River, NJ 08755
5.6 mi away
4 units · 1 BR · People with disabilities
Hope's Crossing
1 Vans Way, Toms River, NJ 08755
9.3 mi away
124 units · 1–4+ BR
- Affordability period may have ended — call to confirm
No nearby buildings match this filter.
Rents and income limits in 08740
- Fair market rent, 2 bedrooms
- $2,390/mo
- Income needed to pay it at 30% of income
- $95,600/yr
- Renters in 08740 paying 30% or more of income on rent
- 37%
Income limits (2026)
Monmouth-Ocean, NJ area · median family income $140,600. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $29,550 | $49,250 | $76,000 |
| 2 | $33,800 | $56,250 | $86,850 |
| 3 | $38,000 | $63,300 | $97,700 |
| 4 | $42,200 | $70,300 | $108,550 |
| 5 | $45,600 | $75,950 | $117,250 |
| 6 | $49,000 | $81,550 | $125,950 |
| 7 | $52,350 | $87,200 | $134,650 |
| 8 | $55,750 | $92,800 | $143,300 |
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 | 08740 | Wider area |
|---|---|---|
| Studio | $1,750 | $1,671 |
| 1 bedroom | $1,930 | $1,847 |
| 2 bedrooms | $2,390 | $2,283 |
| 3 bedrooms | $3,070 | $2,927 |
| 4 bedrooms | $3,410 | $3,241 |
Wider area = Monmouth-Ocean, NJ. Two-bedroom fair market rents in 12 nearby ZIPs range from $1,850 (08751) to $2,830 (08722).
Census figures for 08740 (2020–2024 average): median rent $1,604. Median household income $69,397. 17% of homes are rented. 37% of renters pay 30% or more of their income on rent, and 37% 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 08740's fair market rent.
Estimate your Section 8 rent share for 08740Frequently Asked Questions
Is there Section 8 housing in Ocean Gate, NJ 08740?
Yes — this directory lists income-restricted buildings in Ocean Gate, NJ 08740, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Ocean Gate, NJ 08740 have openings?
These lists for Ocean Gate, NJ 08740 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Ocean Gate, NJ 08740?
Use the phone number on each building card in Ocean Gate, NJ 08740. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Ocean Gate, NJ 08740?
In Ocean Gate, NJ 08740, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 08740?
No income-restricted buildings are listed in ZIP 08740 right now. 19 nearby buildings are shown on this page. Call to confirm openings.
Is there affordable housing near 08740?
Yes — this page also lists 19 income-restricted buildings in ZIP codes near Ocean Gate, NJ 08740 (within about 8 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Ocean Gate, NJ 08740?
Most income-restricted buildings in Ocean Gate, NJ 08740 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 $49,250, and $70,300 for a 4-person household. Public housing can go up to 80% ($76,000 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 Ocean Gate, NJ 08740?
For many programs in Ocean Gate, NJ 08740, the 2026 HUD very low-income (50%) limit is $49,250 a year for 1 person and $70,300 for 4 people. The low-income (80%) limit is $76,000 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How long is the waiting list for Section 8 in Ocean Gate, NJ 08740?
There is no single waiting list for Ocean Gate, NJ 08740. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Ocean Gate, NJ 08740?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Ocean Gate, NJ 08740?
In public housing and most Section 8 in Ocean Gate, NJ 08740, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Ocean Gate, NJ 08740 is $2,390 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.
Can I use a Section 8 voucher at affordable apartments in Ocean Gate, NJ 08740?
A Housing Choice Voucher is not automatically accepted at every building in Ocean Gate, NJ 08740. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Ocean Gate, NJ 08740?
This page may still list buildings in Ocean Gate, NJ 08740 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.
Nearby ZIP codes
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.
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