What HUD offices serve Secaucus, 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 Secaucus.
How many renters live in Secaucus, New Jersey?
The City of Secaucus has 21,470 people living in 8,607 households.
There are 9,193 renters living in 4,238 renter households in this City. Renters make up 42.82 percent of the population living in Secaucus.
What is the rental market like in Secaucus, New Jersey?
There are an estimated 9,202 housing units in the Secaucus area. Of these, 4,504 units are rental homes, making up 49 percent of the housing market. For every renter household in Secaucus, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Secaucus?
The rental vacancy rate in Secaucus is 6 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 Secaucus for each bedroom size?
Occupied Rental Units by Size in Secaucus
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 412 | 1,470 | 1,884 | 363 | 82 |
Occupied Rental Units by Size in Secaucus
A large number of apartments in Secaucus 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 Secaucus are overburdened by housing costs?
Among renter households in this market, 33 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 Secaucus
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,993 to $3,183. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,993 |
| One BR | $2,025 |
| Two BR | $2,299 |
| Three BR | $2,855 |
| Four BR | $3,183 |
2024 Fair Market Rents in Secaucus, New Jersey
How many units are rented at Fair Market Rent (FMR) in Secaucus?
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 | 112 | 27 percent |
| One BR | 648 | 44 percent |
| Two BR | 444 | 24 percent |
Rental Units Below FMR in Secaucus, New Jersey
How many affordable rental units are in Secaucus?
Income Based Apartments in Secaucus, New Jersey
Secaucus features 525 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 Secaucus, New Jersey
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Secaucus.
Housing Choice Vouchers in Secaucus, New Jersey
On average, Section 8 Housing Choice vouchers pay Secaucus landlords $500 per month towards rent. The average voucher holder contributes $500 towards rent in Secaucus.
The maximum amount a voucher would pay on behalf of a low-income tenant in Secaucus, New Jersey for a two-bedroom apartment is between $2,069 and $2,529.
Sourced from federal housing data and AffordableHousingOnline.com research.
