Comptroveby RentSpire

The Willows at Alder Creek

101 Terrace Drive, Newark, DE, 19711

subsidized 56 units (unit count basis: listing-reported) Built 2015 FEMA/NRI hazard read: Relatively Low

Asking & effective rent by bedroom

Average asking rent across observed units: $235. Average effective rent: $235.

TypeAsking rentEffective rentAvg sqftObservations
3 bedroom$235$235not observed2

HUD Fair Market Rent gap

HUD area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
George Read Village Newark, DE 0.31 mi not observed 66%

Sources & provenance

Sourced from https://livewillows.com/communities/the-willows-at-alder-creek/ — 2 observation(s), last observed Jul 26, 2026.

Data age: 22 days. Last observed: Jul 26, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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