Affordable Housing In Ocean Gate
Ocean County, New Jersey

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

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

Waiting Lists in Ocean Gate, New Jersey

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

Affordable Housing Near Ocean Gate

View affordable apartments and waiting lists in cities near Ocean Gate

City Apartments
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Affordable Housing In Ocean, NJ Affordable Housing programs support 3 apartment communities in Ocean.
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Affordable Housing In Toms River, NJ Affordable Housing programs support 10 apartment communities in Toms River.
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Affordable Housing In Waretown, NJ Affordable Housing programs support 2 apartment communities in Waretown.

Public Housing Agencies Serving Ocean Gate, 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 Ocean Gate.

Ocean Gate, New Jersey Affordable Housing Data

Income Based Apartments in Ocean Gate, New Jersey

Ocean Gate 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 Ocean Gate, New Jersey

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

Housing Choice Vouchers in Ocean Gate, New Jersey

On average, Section 8 Housing Choice vouchers pay Ocean Gate landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in Ocean Gate.

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

2023 Ocean Gate, 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
Ocean Gate, New Jersey Fair Market Rent $1,146 $1,279 $1,602 $2,193 $2,441
Ocean Gate, 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.

Ocean Gate, 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 28.64%
Average Renter Household Size 2.78
Average Household Size 2.51
Median Household Income $66,667 ±$10,092
Median Rent $1,633 ±$79
Percentage Of Renters Overburdened 63.33% ± 18.13pp
Total Population 2,105

Population and Household Demographics

Ocean Gate is a city in Ocean County, New Jersey with a population of 2,105. There are 838 households in the city with an average household size of 2.51 persons. 28.64% of households in Ocean Gate are renters.

Income and Rent Overburden in Ocean Gate

The median gross income for households in Ocean Gate is $66,667 a year, or $5,556 a month. The median rent for the city is $1,633 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ocean Gate, a household making less than $5,443 a month would be considered overburdened when renting an apartment at or above the median rent. 63.33% of households who rent are overburdened in Ocean Gate.

Area Median Income In Ocean Gate

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

In Ocean Gate, 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 Ocean Gate

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 Ocean Gate

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 Ocean Gate 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 Ocean Gate 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 Ocean Gate 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