What HUD offices serve Bayonne, 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 Bayonne.
How many renters live in Bayonne, New Jersey?
The City of Bayonne has people living in households.
There are renters living in renter households in this City. Renters make up 62.06 percent of the population living in Bayonne.
What is the rental market like in Bayonne, New Jersey?
There are an estimated housing units in the Bayonne area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bayonne, New Jersey, there are 0.99 rental units.
What is the vacancy rate for rentals in Bayonne?
The rental vacancy rate in Bayonne 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 Bayonne for each bedroom size?
Occupied Rental Units by Size in Bayonne
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 947 4,626 6,283 4,097 349 Occupied Rental Units by Size in Bayonne
A large number of apartments in Bayonne 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 Bayonne
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 Bayonne, New Jersey
How many units are rented at Fair Market Rent (FMR) in Bayonne?
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 644 68 percent One BR 3,480 75 percent Two BR 3,169 50 percent Rental Units Below FMR in Bayonne, New Jersey
How many affordable rental units are in Bayonne?
There are a variety of federal affordable housing programs serving households in
Bayonne, 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 Tracked Units by Federal Program in Bayonne, New Jersey
Income Based Apartments in Bayonne, New Jersey
Bayonne features 1,664 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 Bayonne, New Jersey
There are 286 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bayonne.
Housing Choice Vouchers in Bayonne, New Jersey
On average, Section 8 Housing Choice vouchers pay Bayonne landlords $1,500 per month towards rent. The average voucher holder contributes $500 towards rent in Bayonne.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bayonne, New Jersey for a two-bedroom apartment is between $2,069 and $2,529.
Sourced from federal housing data and AffordableHousingOnline.com research.