Runnemede, New Jersey Affordable Housing

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

There are 82 affordable apartments in Runnemede that offer reduced rents to low-income households.

Waiting Lists in Runnemede, New Jersey

There is one Section 8 Housing Choice Voucher waiting list open in Runnemede.

Go to the New Jersey Section 8 Waiting Lists page for more openings near Runnemede.

Runsen House

825 E Clements Bridge Rd
Runnemede, New Jersey
Affordable
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Affordable Housing Near Runnemede

View affordable apartments and waiting lists in cities near Runnemede

City Apartments
Camden, NJ Affordable Housing programs support 75 apartment communities in Camden.
Cherry Hill, NJ Affordable Housing programs support 9 apartment communities in Cherry Hill.
Pennsauken Township, NJ Affordable Housing programs support 5 apartment communities in Pennsauken Township.
Voorhees, NJ Affordable Housing programs support 4 apartment communities in Voorhees.
Blackwood, NJ Affordable Housing programs support 3 apartment communities in Blackwood.

Public Housing Agencies Serving Runnemede, 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 Runnemede.

Runnemede, New Jersey Affordable Housing Data

Income Based Apartments in Runnemede, New Jersey

Runnemede 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 Runnemede, New Jersey

There are 82 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Runnemede.

Housing Choice Vouchers in Runnemede, New Jersey

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Runnemede, New Jersey for a two-bedroom apartment is between $1,323 and $1,617.

2023 Runnemede, 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
Runnemede, New Jersey Fair Market Rent $1,081 $1,218 $1,470 $1,789 $2,079
Runnemede, New Jersey Payment Standard Range $973 to $1,189 $1,096 to $1,340 $1,323 to $1,617 $1,610 to $1,968 $1,871 to $2,287

Sourced from federal housing data and AffordableHousingOnline.com research.

Runnemede, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 82
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 27.65%
Average Renter Household Size 2.08
Average Household Size 2.70
Median Household Income $61,885 ±$7,219
Median Rent $861 ±$51
Percentage Of Renters Overburdened 62.14% ± 14.62pp
Total Population 8,414

Population and Household Demographics

Runnemede is a city in Camden County, New Jersey with a population of 8,414. There are 3,114 households in the city with an average household size of 2.70 persons. 27.65% of households in Runnemede are renters.

Income and Rent Overburden in Runnemede

The median gross income for households in Runnemede is $61,885 a year, or $5,157 a month. The median rent for the city is $861 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Runnemede, a household making less than $2,870 a month would be considered overburdened when renting an apartment at or above the median rent. 62.14% of households who rent are overburdened in Runnemede.

Area Median Income In Runnemede

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 Runnemede, the AMI is calculated from all households within Camden County.

In Runnemede, HUD calculates the Area Median Income for a family of four as $105,400

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 Runnemede

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 Runnemede

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 Runnemede AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,150 $25,300 $28,450 $31,600 $34,150 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Runnemede AMI may qualify for rental assistance programs that target Very Low Income households.
$36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600
80% AMI Income Limits
Renters earning up to 80% of the Runnemede AMI may qualify for rental assistance programs that target Low Income households.
$59,050 $67,450 $75,900 $84,300 $91,050 $97,800 $104,550 $111,300