Affordable Housing In Fanwood
Union County, New Jersey

Affordable Housing programs support 6 income based apartments in Fanwood where households pay rent based on how much they earn.

There are 0 affordable apartments in Fanwood that offer reduced rents to low-income households.

Waiting Lists in Fanwood, New Jersey

There are no open Section 8 Housing Choice Voucher waiting lists in Fanwood. Go to the New Jersey Section 8 Waiting Lists page for openings near Fanwood.

Fanwood Group Home

60 North Ave
Fanwood, New Jersey
Rent Assisted
62+
Accessible
Elderly Supportive Housing
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Affordable Housing Near Fanwood

View affordable apartments and waiting lists in cities near Fanwood

City Apartments
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Affordable Housing In New Providence, NJ Affordable Housing programs support 1 apartment communities in New Providence.
Affordable Housing In Plainfield, NJ Affordable Housing programs support 16 apartment communities in Plainfield.
Affordable Housing In Rahway, NJ Affordable Housing programs support 9 apartment communities in Rahway.
Affordable Housing In Roselle, NJ Affordable Housing programs support 7 apartment communities in Roselle.
Affordable Housing In Scotch Plains, NJ Affordable Housing programs support 1 apartment communities in Scotch Plains.
Affordable Housing In Springfield, NJ Affordable Housing programs support 2 apartment communities in Springfield.
Affordable Housing In Summit, NJ Affordable Housing programs support 3 apartment communities in Summit.
Affordable Housing In Union, NJ Affordable Housing programs support 3 apartment communities in Union.
Affordable Housing In Westfield, NJ Affordable Housing programs support 5 apartment communities in Westfield.

Public Housing Agencies Serving Fanwood, 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.

Housing Authority Programs
Union County Housing Authority Section 8 Housing Choice Voucher (HCV)
State of New Jersey Department of Community Affairs Section 8 Housing Choice Voucher (HCV)
Go to the New Jersey Public Housing and Low-Income Apartments Waiting Lists page for openings near Fanwood.

Fanwood, New Jersey Affordable Housing Data

Income Based Apartments in Fanwood, New Jersey

Fanwood features 6 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 Fanwood, New Jersey

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fanwood.

Housing Choice Vouchers in Fanwood, New Jersey

On average, Section 8 Housing Choice vouchers pay Fanwood landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fanwood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fanwood, New Jersey for a two-bedroom apartment is between $1,445 and $1,767.

2023 Fanwood, New Jersey Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fanwood, New Jersey Fair Market Rent $1,129 $1,338 $1,606 $2,038 $2,394
Fanwood, New Jersey Payment Standard Range $1,016 to $1,242 $1,204 to $1,472 $1,445 to $1,767 $1,834 to $2,242 $2,155 to $2,633

Sourced from federal housing data and AffordableHousingOnline.com research.

Fanwood, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 6
Total Housing Units with Rental Assistance 6
Percentage of Housing Units Occupied By Renters 8.33%
Average Renter Household Size 2.44
Average Household Size 2.95
Median Household Income $111,905 ±$19,421
Median Rent $1,888 ±$1,828
Percentage Of Renters Overburdened 63.16% ± 27.37pp
Total Population 7,479

Population and Household Demographics

Fanwood is a city in Union County, New Jersey with a population of 7,479. There are 2,508 households in the city with an average household size of 2.95 persons. 8.33% of households in Fanwood are renters.

Income and Rent Overburden in Fanwood

The median gross income for households in Fanwood is $111,905 a year, or $9,325 a month. The median rent for the city is $1,888 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fanwood, a household making less than $6,293 a month would be considered overburdened when renting an apartment at or above the median rent. 63.16% of households who rent are overburdened in Fanwood.

Area Median Income In Fanwood

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Fanwood, the AMI is calculated from all households within Union County.

In Fanwood, HUD calculates the Area Median Income for a family of four as $115,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Fanwood

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Fanwood

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Fanwood AMI may qualify for rental assistance programs that target Extremely Low Income households.
$24,150 $27,600 $31,050 $34,500 $37,300 $40,050 $42,800 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Fanwood AMI may qualify for rental assistance programs that target Very Low Income households.
$40,250 $46,000 $51,750 $57,500 $62,100 $66,700 $71,300 $75,900
80% AMI Income Limits
Renters earning up to 80% of the Fanwood AMI may qualify for rental assistance programs that target Low Income households.
$62,600 $71,550 $80,500 $89,400 $96,600 $103,750 $110,900 $118,050