Affordable Housing In Rockaway
Morris County, New Jersey

1 Low Income Apartment Communities In Rockaway

Green Pond Village

39 Green Pond Rd
Rockaway, New Jersey
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Housing Authorities that serve Rockaway

Housing Authority Programs
Morris County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority Town of Dover Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Rockaway, New Jersey

There are 1 low income housing apartment communities offering 40 affordable apartments for rent in Rockaway, New Jersey.

Income Based Apartments in Rockaway, New Jersey

Rockaway features 40 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 Rockaway, New Jersey

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

Housing Choice Vouchers in Rockaway, New Jersey

On average, Section 8 Housing Choice vouchers pay Rockaway landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Rockaway.

The maximum amount a voucher would pay on behalf of a low-income tenant in Rockaway, New Jersey for a two-bedroom apartment is between $1,335 and $1,631.

2020 Rockaway, 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 $1,034 $1,218 $1,483 $1,891 $2,236
Payment Standard Range $931 to $1,137 $1,096 to $1,340 $1,335 to $1,631 $1,702 to $2,080 $2,012 to $2,460

Sourced from federal housing data and AffordableHousingOnline.com research.

Rockaway, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 29.8%
Average Renter Household Size 2.29
Average Household Size 2.58
Median Household Income $78,604 ±$8,966
Median Rent $1,250 ±$91
Percentage Of Renters Overburdened 39.57% ± 17.53pp
Total Population 6,490

Population and Household Demographics

Rockaway is a City in Morris County, New Jersey with a population of 6,490. There are 2,510 households in the city with an average household size of 2.58 persons. 29.8% of households in Rockaway are renters.

Income and Rent Overburden in Rockaway

The median gross income for households in Rockaway is $78,604 a year, or $6,550 a month. The median rent for the city is $1,250 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rockaway, a household making less than $4,167 a month would be considered overburdened when renting an apartment at or above the median rent. 39.57% of households who rent are overburdened in Rockaway.1

Area Median Income In Rockaway

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 Rockaway, the AMI is calculated from all households within Morris County.

In Rockaway, HUD calculates the Area Median Income for a family of four as $100,600

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 Rockaway

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 Rockaway

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,150 $24,200 $27,200 $30,200 $32,650 $35,050 $39,010 $43,430
50% of Median $35,250 $40,250 $45,300 $50,300 $54,350 $58,350 $62,400 $66,400
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700