What HUD offices serve Dumont, 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 Dumont.
How many renters live in Dumont, New Jersey?
The City of Dumont has 18,014 people living in 6,593 households.
There are 3,773 renters living in 1,833 renter households in this City. Renters make up 20.94 percent of the population living in Dumont.
What is the rental market like in Dumont, New Jersey?
There are an estimated 6,815 housing units in the Dumont area. Of these, 1,859 units are rental homes, making up 27 percent of the housing market. For every renter household in Dumont, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Dumont?
The rental vacancy rate in Dumont is 1 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 Dumont for each bedroom size?
Occupied Rental Units by Size in Dumont
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 938 | 484 | 306 | 35 |
Occupied Rental Units by Size in Dumont
A large number of apartments in Dumont 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 Dumont are overburdened by housing costs?
Among renter households in this market, 53 percent have housing cost burden. Further, 22 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 Dumont
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 Dumont, New Jersey
How many units are rented at Fair Market Rent (FMR) in Dumont?
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 |
| One BR | 387 | 41 percent |
| Two BR | 60 | 12 percent |
Rental Units Below FMR in Dumont, New Jersey
How many affordable rental units are in Dumont?
There are a variety of federal affordable housing programs serving households in Dumont, New Jersey including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 41 |
| Section 202 Supportive Housing for the Elderly | 49 |
| Section 811 Supportive Housing for Persons with Disabilities | 3 |
Tracked Units by Federal Program in Dumont, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Dumont, New Jersey
Dumont features 154 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 Dumont, New Jersey
There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Dumont.
Housing Choice Vouchers in Dumont, New Jersey
On average, Section 8 Housing Choice vouchers pay Dumont landlords $1,000 per month towards rent. The average voucher holder contributes $300 towards rent in Dumont.
The maximum amount a voucher would pay on behalf of a low-income tenant in Dumont, New Jersey for a two-bedroom apartment is between $1,703 and $2,081.
Sourced from federal housing data and AffordableHousingOnline.com research.
