Affordable Housing In New Egypt
Ocean County, New Jersey

Affordable Housing programs support 0 income based apartments in New Egypt where households pay rent based on how much they earn.

There are 0 affordable apartments in New Egypt that offer reduced rents to low-income households.

Waiting Lists in New Egypt, New Jersey

There are no open Section 8 Housing Choice Voucher waiting lists in New Egypt. Go to the New Jersey Section 8 Waiting Lists page for openings near New Egypt.

Affordable Housing Near New Egypt

View affordable apartments and waiting lists in cities near New Egypt

City Apartments
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Affordable Housing In Waretown, NJ Affordable Housing programs support 2 apartment communities in Waretown.

Public Housing Agencies Serving New Egypt, 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.

Housing Authority Programs
State of New Jersey Department of Community Affairs Section 8 Housing Choice Voucher (HCV)
Go to the New Jersey Public Housing and Low-Income Apartments Waiting Lists page for openings near New Egypt.

New Egypt, New Jersey Affordable Housing Data

Income Based Apartments in New Egypt, New Jersey

New Egypt 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 New Egypt, New Jersey

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Egypt.

Housing Choice Vouchers in New Egypt, New Jersey

On average, Section 8 Housing Choice vouchers pay New Egypt landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Egypt.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Egypt, New Jersey for a two-bedroom apartment is between $1,442 and $1,762.

2023 New Egypt, 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
New Egypt, New Jersey Fair Market Rent $1,146 $1,279 $1,602 $2,193 $2,441
New Egypt, New Jersey Payment Standard Range $1,031 to $1,261 $1,151 to $1,407 $1,442 to $1,762 $1,974 to $2,412 $2,197 to $2,685

Sourced from federal housing data and AffordableHousingOnline.com research.

New Egypt, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 20.43%
Average Renter Household Size 1.60
Average Household Size 2.73
Median Household Income $80,583 ±$27,471
Median Rent $1,327 ±$553
Percentage Of Renters Overburdened 84.11% ± 32.6pp
Total Population 2,016

Population and Household Demographics

New Egypt is a city in Ocean County, New Jersey with a population of 2,016. There are 739 households in the city with an average household size of 2.73 persons. 20.43% of households in New Egypt are renters.

Income and Rent Overburden in New Egypt

The median gross income for households in New Egypt is $80,583 a year, or $6,715 a month. The median rent for the city is $1,327 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Egypt, a household making less than $4,423 a month would be considered overburdened when renting an apartment at or above the median rent. 84.11% of households who rent are overburdened in New Egypt.

Area Median Income In New Egypt

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 New Egypt, the AMI is calculated from all households within Ocean County.

In New Egypt, HUD calculates the Area Median Income for a family of four as $123,600

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 New Egypt

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 New Egypt

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the New Egypt AMI may qualify for rental assistance programs that target Extremely Low Income households.
$25,600 $29,250 $32,900 $36,550 $39,500 $42,400 $45,350 $48,250
50% AMI Income Limits
Renters earning up to 50% of the New Egypt AMI may qualify for rental assistance programs that target Very Low Income households.
$42,650 $48,750 $54,850 $60,900 $65,800 $70,650 $75,550 $80,400
80% AMI Income Limits
Renters earning up to 80% of the New Egypt AMI may qualify for rental assistance programs that target Low Income households.
$62,600 $71,550 $80,500 $89,400 $96,600 $103,750 $110,900 $118,050