What HUD offices serve Edgewater, 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 Edgewater.
How many renters live in Edgewater, New Jersey?
The City of Edgewater has 14,394 people living in 7,024 households.
There are 8,064 renters living in 4,055 renter households in this City. Renters make up 56.02 percent of the population living in Edgewater.
What is the rental market like in Edgewater, New Jersey?
There are an estimated 7,638 housing units in the Edgewater area. Of these, 4,611 units are rental homes, making up 60 percent of the housing market. For every renter household in Edgewater, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Edgewater?
The rental vacancy rate in Edgewater is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Edgewater for each bedroom size?
Occupied Rental Units by Size in Edgewater
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 373 | 1,491 | 1,708 | 423 | 34 |
Occupied Rental Units by Size in Edgewater
A large number of apartments in Edgewater have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Edgewater are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 18 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Edgewater
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,400 to $2,946. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,400 |
| One BR | $1,645 |
| Two BR | $1,892 |
| Three BR | $2,342 |
| Four BR | $2,946 |
2024 Fair Market Rents in Edgewater, New Jersey
How many units are rented at Fair Market Rent (FMR) in Edgewater?
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 | 32 | 9 percent |
| One BR | 270 | 18 percent |
| Two BR | 97 | 6 percent |
Rental Units Below FMR in Edgewater, New Jersey
How many affordable rental units are in Edgewater?
There are a variety of federal affordable housing programs serving households in Edgewater, New Jersey including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 52 |
| Section 8 Project-Based Rental Assistance | 24 |
Tracked Units by Federal Program in Edgewater, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Edgewater, New Jersey
Edgewater features 37 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 Edgewater, New Jersey
There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Edgewater.
Housing Choice Vouchers in Edgewater, New Jersey
On average, Section 8 Housing Choice vouchers pay Edgewater landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Edgewater.
The maximum amount a voucher would pay on behalf of a low-income tenant in Edgewater, New Jersey for a two-bedroom apartment is between $1,703 and $2,081.
Sourced from federal housing data and AffordableHousingOnline.com research.
