What HUD offices serve Caldwell, 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 Caldwell.
How many renters live in Caldwell, New Jersey?
The City of Caldwell has people living in households.
There are renters living in renter households in this City. Renters make up 37.72 percent of the population living in Caldwell.
What is the rental market like in Caldwell, New Jersey?
There are an estimated housing units in the Caldwell area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Caldwell, New Jersey, there are 1.02 rental units.
What is the vacancy rate for rentals in Caldwell?
The rental vacancy rate in Caldwell 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 Caldwell for each bedroom size?
Occupied Rental Units by Size in Caldwell
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 123 | 877 | 611 | 189 | 63 |
Occupied Rental Units by Size in Caldwell
A large number of apartments in Caldwell 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 Caldwell
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,379 to $2,800. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,379 |
| One BR | $1,590 |
| Two BR | $1,916 |
| Three BR | $2,424 |
| Four BR | $2,800 |
2024 Fair Market Rents in Caldwell, New Jersey
How many units are rented at Fair Market Rent (FMR) in Caldwell?
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 | 62 | 50 percent |
| One BR | 215 | 25 percent |
| Two BR | 87 | 14 percent |
Rental Units Below FMR in Caldwell, New Jersey
How many affordable rental units are in Caldwell?
There are a variety of federal affordable housing programs serving households in Caldwell, New Jersey including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Caldwell, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Caldwell, New Jersey
Caldwell features 159 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 Caldwell, New Jersey
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Caldwell.
Housing Choice Vouchers in Caldwell, New Jersey
On average, Section 8 Housing Choice vouchers pay Caldwell landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Caldwell.
The maximum amount a voucher would pay on behalf of a low-income tenant in Caldwell, New Jersey for a two-bedroom apartment is between $1,724 and $2,108.
Sourced from federal housing data and AffordableHousingOnline.com research.