What HUD offices serve Pitman, 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 Pitman.
How many renters live in Pitman, New Jersey?
The City of Pitman has 8,805 people living in 3,670 households.
There are 1,850 renters living in 1,048 renter households in this City. Renters make up 21.01 percent of the population living in Pitman.
What is the rental market like in Pitman, New Jersey?
There are an estimated 3,929 housing units in the Pitman area. Of these, 1,048 units are rental homes, making up 27 percent of the housing market. For every renter household in Pitman, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Pitman?
The rental vacancy rate in Pitman is 0 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 Pitman for each bedroom size?
Occupied Rental Units by Size in Pitman
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 90 | 436 | 334 | 184 | 4 |
Occupied Rental Units by Size in Pitman
A large number of apartments in Pitman 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 Pitman are overburdened by housing costs?
Among renter households in this market, 57 percent have housing cost burden. Further, 17 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 Pitman
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,303 to $2,422. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,303 |
| One BR | $1,451 |
| Two BR | $1,737 |
| Three BR | $2,100 |
| Four BR | $2,422 |
2024 Fair Market Rents in Pitman, New Jersey
How many units are rented at Fair Market Rent (FMR) in Pitman?
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 | 49 | 54 percent |
| One BR | 272 | 62 percent |
| Two BR | 197 | 59 percent |
Rental Units Below FMR in Pitman, New Jersey
How many affordable rental units are in Pitman?
Income Based Apartments in Pitman, New Jersey
Pitman features 62 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 Pitman, New Jersey
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pitman.
Housing Choice Vouchers in Pitman, New Jersey
On average, Section 8 Housing Choice vouchers pay Pitman landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Pitman.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pitman, New Jersey for a two-bedroom apartment is between $1,563 and $1,911.
Sourced from federal housing data and AffordableHousingOnline.com research.
