About This Property
73 Ocean offers 51 affordable units in Marathon, Florida, serving families through a mix of one-, two-, and three-bedroom apartments. The property includes eight one-bedroom units, 27 two-bedroom units, and 16 three-bedroom units, and has been in service since 2018. This development receives 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Monroe County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,556 |
| 1 Bedroom | $1,730 |
| 2 Bedroom | $2,139 |
| 3 Bedroom | $2,812 |
| 4 Bedroom | $3,426 |
Income Limits - Monroe County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $21,350
- Very Low (50%)
- $35,600
- Low (80%)
- $56,950
- Extremely Low (30%)
- $24,400
- Very Low (50%)
- $40,700
- Low (80%)
- $65,100
- Extremely Low (30%)
- $27,450
- Very Low (50%)
- $45,800
- Low (80%)
- $73,250
- Extremely Low (30%)
- $30,500
- Very Low (50%)
- $50,850
- Low (80%)
- $81,350
- Extremely Low (30%)
- $32,950
- Very Low (50%)
- $54,950
- Low (80%)
- $87,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $59,000
- Low (80%)
- $94,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $63,100
- Low (80%)
- $100,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $67,150
- Low (80%)
- $107,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $21,350 | $35,600 | $56,950 |
| 2 Persons | $24,400 | $40,700 | $65,100 |
| 3 Persons | $27,450 | $45,800 | $73,250 |
| 4 Persons | $30,500 | $50,850 | $81,350 |
| 5 Persons | $32,950 | $54,950 | $87,900 |
| 6 Persons | $35,580 | $59,000 | $94,400 |
| 7 Persons | $40,120 | $63,100 | $100,900 |
| 8 Persons | $44,660 | $67,150 | $107,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Marathon, FL?+
The Fair Market Rent (FMR) for Monroe County, FL is: $1556 (Studio), $1730 (1BR), $2139 (2BR), $2812 (3BR), $3426 (4BR). Actual rent at subsidized properties like 73 Ocean is typically 30% of household income or less.
What size apartments are available at 73 Ocean?+
73 Ocean offers the following unit types: 8 One-Bedroom, 27 Two-Bedroom, 16 Three-Bedroom units, for a total of 51 units.
How do I apply for housing at 73 Ocean?+
73 Ocean 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.
What is the price range for apartments in Marathon, FL?+
Based on Fair Market Rent for Monroe County, the estimated price range is: 1-bedroom: $1730, 2-bedroom: $2139, 3-bedroom: $2812. Actual rent at 73 Ocean may be lower for income-eligible households.
What are the income limits for affordable housing in Monroe County, FL?+
For a 4-person household in Monroe County, FL, the income limits are: Extremely Low Income (30% AMI): $30,500, Very Low Income (50% AMI): $50,850, Low Income (80% AMI): $81,350. These limits are set by HUD and updated annually.
Who manages 73 Ocean?+
73 Ocean is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at 73 Ocean?+
73 Ocean primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
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Nearby Schools
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