About This Property
Sebastian Villa is a 170-unit affordable housing community in Neptune Township, Monmouth County, New Jersey, offering low-income housing options. The property was placed in service in 2016 and continues to serve the local community.
Waitlist Information
Waitlist managed by Neptune Housing Authority
Past openings accepted applications for 1-Bedroom/Senior Apartments through a random lottery process, with preferences for elderly (62+) or disabled single/two-member households based on very low-income limits.
Past openings accepted online applications until 150 spots were filled, with preferences for elderly, disabled, single-member households, and families based on very low-income limits.
Waitlist data provided by section8waitlist.org
Updated July 7, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Monmouth 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 | $1,385 |
| 1 Bedroom | $1,546 |
| 2 Bedroom | $1,916 |
| 3 Bedroom | $2,604 |
| 4 Bedroom | $2,904 |
Income Limits - Monmouth County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,900
- Very Low (50%)
- $38,150
- Low (80%)
- $55,950
- Extremely Low (30%)
- $26,150
- Very Low (50%)
- $43,600
- Low (80%)
- $63,950
- Extremely Low (30%)
- $29,400
- Very Low (50%)
- $49,050
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,650
- Very Low (50%)
- $54,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $35,300
- Very Low (50%)
- $58,850
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,900
- Very Low (50%)
- $63,200
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,500
- Very Low (50%)
- $67,550
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $71,900
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,900 | $38,150 | $55,950 |
| 2 Persons | $26,150 | $43,600 | $63,950 |
| 3 Persons | $29,400 | $49,050 | $71,950 |
| 4 Persons | $32,650 | $54,450 | $79,900 |
| 5 Persons | $35,300 | $58,850 | $86,300 |
| 6 Persons | $37,900 | $63,200 | $92,700 |
| 7 Persons | $40,500 | $67,550 | $99,100 |
| 8 Persons | $44,660 | $71,900 | $105,500 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Neptune, NJ?+
The Fair Market Rent (FMR) for Monmouth County, NJ is: $1385 (Studio), $1546 (1BR), $1916 (2BR), $2604 (3BR), $2904 (4BR). Actual rent at subsidized properties like Sebastian Villa is typically 30% of household income or less.
What are the income limits for affordable housing in Monmouth County, NJ?+
For a 4-person household in Monmouth County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,650, Very Low Income (50% AMI): $54,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who manages Sebastian Villa?+
Sebastian Villa is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Sebastian Villa?+
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.
What is the HUD inspection score for Sebastian Villa?+
Sebastian Villa has a HUD inspection score of 91 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
How do I apply for housing at Sebastian Villa?+
Sebastian Villa 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Sebastian Villa
405 Ridge Avenue
Asbury Park, NJ
2 UnitsWest Lake Senior Apartments
Neptune, NJ
42 Units1503 1/2 Sewall Avenue
Asbury Park, NJ
2 Units405 Ridge Avenue #331
Asbury Park, NJ
2 UnitsMidtown Senior Apts. #724
Neptune, NJ
40 Units
Neptune Housing Authority
Neptune, NJ
663 Units