Affordable Housing In Hudson County
New Jersey
162 Low Income Apartment Communities In Hudson County
Terrace Apartments
Housing Authorities that serve Hudson County
| Housing Authority | Programs |
|---|---|
| State of New Jersey Department of Community Affairs | Section 8 Housing Choice Voucher (HCV) |
Guide To Affordable Housing in Hudson County, New Jersey
There are 162 low income housing apartment communities offering 19,830 affordable apartments for rent in Hudson County, New Jersey.
Income Based Apartments in Hudson County, New Jersey
Hudson County features 16,132 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 Hudson County, New Jersey
There are 3,698 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hudson County.
Housing Choice Vouchers in Hudson County, New Jersey
On average, Section 8 Housing Choice vouchers pay Hudson County landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Hudson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hudson County, New Jersey for a two-bedroom apartment is between $1,522 and $1,860.
2020 Hudson County, 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 | |
|---|---|---|---|---|---|
| Fair Market Rent | $1,292 | $1,439 | $1,691 | $2,107 | $2,291 |
| Payment Standard Range | $1,163 to $1,421 | $1,295 to $1,583 | $1,522 to $1,860 | $1,896 to $2,318 | $2,062 to $2,520 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Hudson County, NJ Affordable Housing Snapshot
| Total Affordable Apartment Properties | 162 |
|---|---|
| Total Low Income Apartments | 19,830 |
| Total Housing Units with Rental Assistance | 16,132 |
| Percentage of Housing Units Occupied By Renters | 68.71% |
| Average Renter Household Size | 2.57 |
| Average Household Size | 2.63 |
| Median Household Income | $59,741 ±$1,178 |
| Median Rent | $1,214 ±$10 |
| Percentage Of Renters Overburdened | 45.92% ± 1.03pp |
| Total Population | 662,619 |
Population and Household Demographics
Hudson County is a county in New Jersey with a population of 662,619. There are 249,584 households in the county with an average household size of 2.63 persons. 68.71% of households in Hudson County are renters.
Income and Rent Overburden in Hudson County
The median gross income for households in Hudson County is $59,741 a year, or $4,978 a month. The median rent for the county is $1,214 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hudson County, a household making less than $4,047 a month would be considered overburdened when renting an apartment at or above the median rent. 45.92% of households who rent are overburdened in Hudson County.
Area Median Income In Hudson County
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.
In Hudson County, HUD calculates the Area Median Income for a family of four as $76,900
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 Hudson County
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 Hudson County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $20,750 | $23,700 | $26,650 | $29,600 | $32,000 | $35,160 | $39,640 | $44,120 |
| 50% of Median | $34,550 | $39,450 | $44,400 | $49,300 | $53,250 | $57,200 | $61,150 | $65,100 |
| 80% of Median | $55,250 | $63,150 | $71,050 | $78,900 | $85,250 | $91,550 | $97,850 | $104,150 |
Cities In Hudson County
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