Affordable Housing In Freehold
Monmouth County, New Jersey

13 Low Income Apartment Communities In Freehold

Wemrock Senior Living

1 Arbor Terrace
Freehold, New Jersey
Call For Rent
1-2 BR

Kershaw Commons

6000 Applewood Dr #6100
Freehold, New Jersey
Call For Rent
1-2 BR

Heritage Village at Elton Corner

895 Elton Adelphia Rd.
Freehold, New Jersey
$1,082-1,298
1-2 BR

The Continental at Freehold

40 Jackson St
Freehold, New Jersey

The Continental at Freehold Senior

30 Jackson St
Freehold, New Jersey

Hudson Manor

40 Hudson Street
Freehold, New Jersey
Subsidized

East Main Street Group Home

93 E Main St
Freehold, New Jersey
Subsidized
62+
Accessible
Elderly Supportive Housing

Freehold Consumer Home

27 Sheriff St
Freehold, New Jersey
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Bergerville Group Home

86A Bergerville Rd
Freehold, New Jersey
Subsidized
62+
Accessible
Elderly Supportive Housing

Monmouth County Independant Living Complex

17 Lincoln Pl
Freehold, New Jersey
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Section 8 Vouchers, Apartments, and Waiting Lists in Freehold, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Freehold, New Jersey

Housing Authority Programs
Freehold Housing Authority Public Housing
Monmouth County Public Housing Agency Section 8 Housing Choice Voucher (HCV)
State of New Jersey Department of Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Freehold, New Jersey

There are 13 low income housing apartment communities offering 821 affordable apartments for rent in Freehold, New Jersey.

Income Based Apartments in Freehold, New Jersey

Freehold features 270 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 Freehold, New Jersey

There are 458 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Freehold.

Housing Choice Vouchers in Freehold, New Jersey

On average, Section 8 Housing Choice vouchers pay Freehold landlords $1,000 per month towards rent. The average voucher holder contributes $600 towards rent in Freehold.

The maximum amount a voucher would pay on behalf of a low-income tenant in Freehold, New Jersey for a two-bedroom apartment is between $1,402 and $1,714.

2022 Freehold, 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
Freehold, New Jersey Fair Market Rent $1,092 $1,230 $1,558 $2,142 $2,374
Freehold, New Jersey Payment Standard Range $983 to $1,201 $1,107 to $1,353 $1,402 to $1,714 $1,928 to $2,356 $2,137 to $2,611

Sourced from federal housing data and AffordableHousingOnline.com research.

Freehold, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 821
Total Housing Units with Rental Assistance 270
Percentage of Housing Units Occupied By Renters 8.2%
Average Renter Household Size 2.58
Average Household Size 3.37
Median Household Income $119,688 ±$7,120
Median Rent $1,556 ±$358
Percentage Of Renters Overburdened 43.07% ± 31.15pp
Total Population 5,633

Population and Household Demographics

Freehold is a city in Monmouth County, New Jersey with a population of 5,633. There are 1,671 households in the city with an average household size of 3.37 persons. 8.2% of households in Freehold are renters.

Income and Rent Overburden in Freehold

The median gross income for households in Freehold is $119,688 a year, or $9,974 a month. The median rent for the city is $1,556 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Freehold, a household making less than $5,187 a month would be considered overburdened when renting an apartment at or above the median rent. 43.07% of households who rent are overburdened in Freehold.

Area Median Income In Freehold

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 Freehold, the AMI is calculated from all households within Monmouth County.

In Freehold, HUD calculates the Area Median Income for a family of four as $123,600

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 Freehold

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 Freehold

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 Freehold AMI may qualify for rental assistance programs that target Extremely Low Income households.
$25,600 $29,250 $32,900 $36,550 $39,500 $42,400 $45,350 $48,250
50% AMI Income Limits
Renters earning up to 50% of the Freehold AMI may qualify for rental assistance programs that target Very Low Income households.
$42,650 $48,750 $54,850 $60,900 $65,800 $70,650 $75,550 $80,400
80% AMI Income Limits
Renters earning up to 80% of the Freehold 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