What HUD offices serve Cumberland County, New Jersey?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the New Jersey Public Housing and Low-Income Apartments Waiting Lists page for openings near Cumberland County.
How many renters live in Cumberland County, New Jersey?
The County of Cumberland County has people living in households.
There are renters living in renter households in this County. Renters make up 29.82 percent of the population living in Cumberland County.
What is the rental market like in Cumberland County, New Jersey?
There are an estimated housing units in the Cumberland County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cumberland County, New Jersey, there are 1.05 rental units.
What is the vacancy rate for rentals in Cumberland County?
The rental vacancy rate in Cumberland County is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Cumberland County for each bedroom size?
Occupied Rental Units by Size in Cumberland County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 1,160 4,721 5,840 4,912 999 Occupied Rental Units by Size in Cumberland County
A large number of apartments in Cumberland County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Cumberland County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,186 to $2,112. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,186 One BR $1,216 Two BR $1,545 Three BR $2,043 Four BR $2,112 2024 Fair Market Rents in Cumberland County, New Jersey
How many units are rented at Fair Market Rent (FMR) in Cumberland County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:Unit Size Count of Units Below FMR Percentage of Total Units Below FMR Studio 983 85 percent One BR 3,314 70 percent Two BR 4,749 81 percent Rental Units Below FMR in Cumberland County, New Jersey
How many affordable rental units are in Cumberland County?
There are a variety of federal affordable housing programs serving households in
Cumberland County, New Jersey including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly USDA Section 515 Rural Rental Housing USDA Section 514 Farm Labor Housing Tracked Units by Federal Program in Cumberland County, New Jersey
Income Based Apartments in Cumberland County, New Jersey
Cumberland County features 2,743 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Cumberland County, New Jersey
There are 1,265 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cumberland County.
Housing Choice Vouchers in Cumberland County, New Jersey
On average, Section 8 Housing Choice vouchers pay Cumberland County landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Cumberland County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cumberland County, New Jersey for a two-bedroom apartment is between $1,391 and $1,700.
Sourced from federal housing data and AffordableHousingOnline.com research.