What HUD offices serve Lincroft, 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 Lincroft.
How many renters live in Lincroft, New Jersey?
The City of Lincroft has 6,793 people living in 2,324 households.
There are 222 renters living in 205 renter households in this City. Renters make up 3.27 percent of the population living in Lincroft.
What is the rental market like in Lincroft, New Jersey?
There are an estimated 2,407 housing units in the Lincroft area. Of these, 205 units are rental homes, making up 9 percent of the housing market. For every renter household in Lincroft, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Lincroft?
The rental vacancy rate in Lincroft is 0 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 Lincroft for each bedroom size?
Occupied Rental Units by Size in Lincroft
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 16 | 149 | 21 | 19 | 0 |
Occupied Rental Units by Size in Lincroft
A large number of apartments in Lincroft 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 Lincroft are overburdened by housing costs?
Among renter households in this market, 60 percent have housing cost burden. Further, 16 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 Lincroft
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,385 to $2,904. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,385 |
| One BR | $1,546 |
| Two BR | $1,916 |
| Three BR | $2,604 |
| Four BR | $2,904 |
2024 Fair Market Rents in Lincroft, New Jersey
How many units are rented at Fair Market Rent (FMR) in Lincroft?
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 | 16 | 100 percent |
| One BR | 149 | 100 percent |
| Two BR | 21 | 100 percent |
Rental Units Below FMR in Lincroft, New Jersey
How many affordable rental units are in Lincroft?
There are a variety of federal affordable housing programs serving households in Lincroft, New Jersey including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 120 |
| Section 8 Project-Based Rental Assistance | 189 |
Tracked Units by Federal Program in Lincroft, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lincroft, New Jersey
Lincroft features 189 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 Lincroft, New Jersey
There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lincroft.
Housing Choice Vouchers in Lincroft, New Jersey
On average, Section 8 Housing Choice vouchers pay Lincroft landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Lincroft.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lincroft, New Jersey for a two-bedroom apartment is between $1,724 and $2,108.
Sourced from federal housing data and AffordableHousingOnline.com research.
