Affordable Housing In Lodi
Bergen County, New Jersey

1 Low Income Apartment Communities In Lodi

De Vries Park

200 Union St
Lodi, NJ
Income Based
1 BR
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Other Housing Authorities located in Lodi

Housing Authority Programs
Housing Authority of the Borough of Lodi Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lodi, New Jersey

There are 1 low income housing apartment communities offering 220 affordable apartments for rent in Lodi, New Jersey. Lodi features 220 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lodi.

Sourced from federal housing data and AffordableHousingOnline.com research.

Lodi, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 220
Total Housing Units with Rental Assistance 220
Percentage of Housing Units Occupied By Renters 59.92%
Average Renter Household Size 2.46
Average Household Size 2.70
Median Household Income $50,774 ±$4,832
Median Rent $1,172 ±$31
Percentage Of Renters Overburdened 53.67% ± 6.37pp
Total Population 24,590

Population and Household Demographics

Lodi is a City in Bergen County, New Jersey with a population of 24,590. There are 9,061 households in the city with an average household size of 2.70 persons. 59.92% of households in Lodi are renters.

Income and Rent Overburden in Lodi

The median gross income for households in Lodi is $50,774 a year, or $4,231 a month. The median rent for the city is $1,172 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lodi, a household making less than $3,907 a month would be considered overburdened when renting an apartment at or above the median rent. 53.67% of households who rent are overburdened in Lodi.1

Area Median Income In Lodi

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 Lodi, the AMI is calculated from all households within Bergen County.

In Lodi, HUD calculates the Area Median Income for a family of four as $106,600

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 Lodi

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 Lodi HUD Rental Assistance in Lodi

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $22,400 $25,600 $28,800 $32,000 $34,600 $37,150 $39,700 $43,430
50% of Median $37,350 $42,650 $48,000 $53,300 $57,600 $61,850 $66,100 $70,400
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Fair Market Rents in Lodi

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,151 $1,377 $1,623 $2,023 $2,481