What HUD offices serve Jersey City, 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 Jersey City.
How many renters live in Jersey City, New Jersey?
The City of Jersey City has people living in households.
There are renters living in renter households in this City. Renters make up 65.56 percent of the population living in Jersey City.
What is the rental market like in Jersey City, New Jersey?
There are an estimated housing units in the Jersey City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Jersey City, New Jersey, there are 1.03 rental units.
What is the vacancy rate for rentals in Jersey City?
The rental vacancy rate in Jersey City is 2 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 Jersey City for each bedroom size?
Occupied Rental Units by Size in Jersey City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 9,140 35,968 32,268 12,975 676 Occupied Rental Units by Size in Jersey City
A large number of apartments in Jersey City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Jersey City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,993 to $3,183. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,993 One BR $2,025 Two BR $2,299 Three BR $2,855 Four BR $3,183 2024 Fair Market Rents in Jersey City, New Jersey
How many units are rented at Fair Market Rent (FMR) in Jersey City?
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 3,001 33 percent One BR 14,440 40 percent Two BR 9,790 30 percent Rental Units Below FMR in Jersey City, New Jersey
How many affordable rental units are in Jersey City?
There are a variety of federal affordable housing programs serving households in
Jersey City, New Jersey including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Mod Rehab Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Tracked Units by Federal Program in Jersey City, New Jersey
Income Based Apartments in Jersey City, New Jersey
Jersey City features 7,060 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 Jersey City, New Jersey
There are 1,972 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jersey City.
Housing Choice Vouchers in Jersey City, New Jersey
On average, Section 8 Housing Choice vouchers pay Jersey City landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Jersey City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Jersey City, New Jersey for a two-bedroom apartment is between $2,069 and $2,529.
Sourced from federal housing data and AffordableHousingOnline.com research.