What HUD offices serve Perth Amboy, 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 Perth Amboy.
How many renters live in Perth Amboy, New Jersey?
The City of Perth Amboy has 55,226 people living in 18,409 households.
There are 34,573 renters living in 11,903 renter households in this City. Renters make up 62.6 percent of the population living in Perth Amboy.
What is the rental market like in Perth Amboy, New Jersey?
There are an estimated 19,156 housing units in the Perth Amboy area. Of these, 12,188 units are rental homes, making up 64 percent of the housing market. For every renter household in Perth Amboy, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Perth Amboy?
The rental vacancy rate in Perth Amboy is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Perth Amboy for each bedroom size?
Occupied Rental Units by Size in Perth Amboy
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 788 | 2,924 | 4,797 | 2,896 | 406 |
Occupied Rental Units by Size in Perth Amboy
A large number of apartments in Perth Amboy have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Perth Amboy are overburdened by housing costs?
Among renter households in this market, 64 percent have housing cost burden. Further, 34 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Perth Amboy
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,608 to $3,031. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,608 |
| One BR | $1,807 |
| Two BR | $2,276 |
| Three BR | $2,756 |
| Four BR | $3,031 |
2024 Fair Market Rents in Perth Amboy, New Jersey
How many units are rented at Fair Market Rent (FMR) in Perth Amboy?
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 | 669 | 85 percent |
| One BR | 2,291 | 78 percent |
| Two BR | 1,705 | 36 percent |
Rental Units Below FMR in Perth Amboy, New Jersey
How many affordable rental units are in Perth Amboy?
There are a variety of federal affordable housing programs serving households in Perth Amboy, New Jersey including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,261 |
| Section 8 Project-Based Rental Assistance | 1 |
| Mod Rehab Project-Based Rental Assistance | 3 |
Tracked Units by Federal Program in Perth Amboy, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Perth Amboy, New Jersey
Perth Amboy features 729 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 Perth Amboy, New Jersey
There are 383 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Perth Amboy.
Housing Choice Vouchers in Perth Amboy, New Jersey
On average, Section 8 Housing Choice vouchers pay Perth Amboy landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Perth Amboy.
The maximum amount a voucher would pay on behalf of a low-income tenant in Perth Amboy, New Jersey for a two-bedroom apartment is between $2,048 and $2,504.
Sourced from federal housing data and AffordableHousingOnline.com research.
