What HUD offices serve Margate 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 Margate City.
How many renters live in Margate City, New Jersey?
The City of Margate City has people living in households.
There are renters living in renter households in this City. Renters make up 7.82 percent of the population living in Margate City.
What is the rental market like in Margate City, New Jersey?
There are an estimated housing units in the Margate City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Margate City, New Jersey, there are 1.14 rental units.
What is the vacancy rate for rentals in Margate City?
The rental vacancy rate in Margate City is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Margate City for each bedroom size?
Occupied Rental Units by Size in Margate City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 33 | 102 | 58 | 40 | 32 |
Occupied Rental Units by Size in Margate City
A large number of apartments in Margate 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 Margate City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,172 to $2,584. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,172 |
| One BR | $1,340 |
| Two BR | $1,670 |
| Three BR | $2,353 |
| Four BR | $2,584 |
2024 Fair Market Rents in Margate City, New Jersey
How many units are rented at Fair Market Rent (FMR) in Margate 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 | 33 | 100 percent |
| One BR | 93 | 91 percent |
| Two BR | 34 | 59 percent |
Rental Units Below FMR in Margate City, New Jersey
How many affordable rental units are in Margate City?
There are a variety of federal affordable housing programs serving households in Margate City, New Jersey including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Margate City, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Margate City, New Jersey
Margate City features 0 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 Margate City, New Jersey
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Margate City.
Housing Choice Vouchers in Margate City, New Jersey
On average, Section 8 Housing Choice vouchers pay Margate City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Margate City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Margate City, New Jersey for a two-bedroom apartment is between $1,503 and $1,837.
Sourced from federal housing data and AffordableHousingOnline.com research.