What HUD offices serve Elizabeth, 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 Elizabeth.
How many renters live in Elizabeth, New Jersey?
The City of Elizabeth has 134,274 people living in 47,280 households.
There are 93,789 renters living in 35,682 renter households in this City. Renters make up 69.85 percent of the population living in Elizabeth.
What is the rental market like in Elizabeth, New Jersey?
There are an estimated 48,731 housing units in the Elizabeth area. Of these, 35,651 units are rental homes, making up 73 percent of the housing market. For every renter household in Elizabeth, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Elizabeth?
The rental vacancy rate in Elizabeth is 3 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 Elizabeth for each bedroom size?
Occupied Rental Units by Size in Elizabeth
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2,676 | 9,183 | 12,071 | 9,095 | 721 |
Occupied Rental Units by Size in Elizabeth
A large number of apartments in Elizabeth 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 Elizabeth are overburdened by housing costs?
Among renter households in this market, 53 percent have housing cost burden. Further, 26 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 Elizabeth
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 Elizabeth, New Jersey
How many units are rented at Fair Market Rent (FMR) in Elizabeth?
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 | 2,101 | 79 percent |
| One BR | 8,165 | 89 percent |
| Two BR | 6,726 | 56 percent |
Rental Units Below FMR in Elizabeth, New Jersey
How many affordable rental units are in Elizabeth?
There are a variety of federal affordable housing programs serving households in Elizabeth, New Jersey including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,987 |
| Public Housing | 1,288 |
| Section 8 Project-Based Rental Assistance | 141 |
| Section 236 Rental Assistance | 193 |
| Section 202 Supportive Housing for the Elderly | 71 |
Tracked Units by Federal Program in Elizabeth, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Elizabeth, New Jersey
Elizabeth features 1,724 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 Elizabeth, New Jersey
There are 768 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elizabeth.
Housing Choice Vouchers in Elizabeth, New Jersey
On average, Section 8 Housing Choice vouchers pay Elizabeth landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Elizabeth.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elizabeth, New Jersey for a two-bedroom apartment is between $1,724 and $2,108.
Sourced from federal housing data and AffordableHousingOnline.com research.
