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Affordable Housing In Pennsville
Salem County, New Jersey

3 Low Income Apartment Communities In Pennsville

Pennsville Towers

40 Eaton Rd
Pennsville, New Jersey
Income Based
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Cspnj Homes 2006

24 Oberlin Rd
Pennsville, New Jersey
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Kent Street Senior Apartments

11 Kent Ave
Pennsville, New Jersey
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Housing Authorities that serve Pennsville

Housing Authority Programs
Penns Grove Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Pennsville, New Jersey

There are 3 low income housing apartment communities offering 207 affordable apartments for rent in Pennsville, New Jersey.

Income Based Apartments in Pennsville, New Jersey

Pennsville features 106 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 Pennsville, New Jersey

There are 101 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pennsville.

Housing Choice Vouchers in Pennsville, New Jersey

On average, Section 8 Housing Choice vouchers pay Pennsville landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Pennsville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pennsville, New Jersey for a two-bedroom apartment is between $1,103 and $1,349.

2020 Pennsville, 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
Fair Market Rent $864 $1,013 $1,226 $1,528 $1,754
Payment Standard Range $778 to $950 $912 to $1,114 $1,103 to $1,349 $1,375 to $1,681 $1,579 to $1,929

Sourced from federal housing data and AffordableHousingOnline.com research.

Pennsville, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 207
Total Housing Units with Rental Assistance 106
Percentage of Housing Units Occupied By Renters 23.5%
Average Renter Household Size 2.19
Average Household Size 2.48
Median Household Income $58,533 ±$5,889
Median Rent $1,022 ±$62
Percentage Of Renters Overburdened 54.99% ± 11.31pp
Total Population 11,623

Population and Household Demographics

Pennsville is a city in Salem County, New Jersey with a population of 11,623. There are 4,689 households in the city with an average household size of 2.48 persons. 23.5% of households in Pennsville are renters.

Income and Rent Overburden in Pennsville

The median gross income for households in Pennsville is $58,533 a year, or $4,878 a month. The median rent for the city is $1,022 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pennsville, a household making less than $3,407 a month would be considered overburdened when renting an apartment at or above the median rent. 54.99% of households who rent are overburdened in Pennsville.

Area Median Income In Pennsville

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 Pennsville, the AMI is calculated from all households within Salem County.

In Pennsville, HUD calculates the Area Median Income for a family of four as $96,600

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 Pennsville

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 Pennsville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $20,300 $23,200 $26,100 $29,000 $31,350 $35,160 $39,640 $44,120
50% of Median $33,850 $38,650 $43,500 $48,300 $52,200 $56,050 $59,900 $63,800
80% of Median $54,150 $61,850 $69,600 $77,300 $83,500 $89,700 $95,900 $102,050