What HUD offices serve Somers Point, 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 Somers Point.
How many renters live in Somers Point, New Jersey?
The City of Somers Point has people living in households.
There are renters living in renter households in this City. Renters make up 47.81 percent of the population living in Somers Point.
What is the rental market like in Somers Point, New Jersey?
There are an estimated housing units in the Somers Point area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Somers Point, New Jersey, there are 1.06 rental units.
What is the vacancy rate for rentals in Somers Point?
The rental vacancy rate in Somers Point is 4 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 Somers Point for each bedroom size?
Occupied Rental Units by Size in Somers Point
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 16 | 653 | 1,132 | 313 | 87 |
Occupied Rental Units by Size in Somers Point
A large number of apartments in Somers Point 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 Somers Point
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,172 to $2,584. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,172 |
| One BR | $1,340 |
| Two BR | $1,670 |
| Three BR | $2,353 |
| Four BR | $2,584 |
2024 Fair Market Rents in Somers Point, New Jersey
How many units are rented at Fair Market Rent (FMR) in Somers Point?
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 | 3 | 19 percent |
| One BR | 506 | 77 percent |
| Two BR | 728 | 64 percent |
Rental Units Below FMR in Somers Point, New Jersey
How many affordable rental units are in Somers Point?
There are a variety of federal affordable housing programs serving households in Somers Point, New Jersey including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Somers Point, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Somers Point, New Jersey
Somers Point features 120 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 Somers Point, New Jersey
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Somers Point.
Housing Choice Vouchers in Somers Point, New Jersey
On average, Section 8 Housing Choice vouchers pay Somers Point landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Somers Point.
The maximum amount a voucher would pay on behalf of a low-income tenant in Somers Point, New Jersey for a two-bedroom apartment is between $1,503 and $1,837.
Sourced from federal housing data and AffordableHousingOnline.com research.
