What HUD offices serve Salem, 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 Salem.
How many renters live in Salem, New Jersey?
The City of Salem has people living in households.
There are renters living in renter households in this City. Renters make up 72.36 percent of the population living in Salem.
What is the rental market like in Salem, New Jersey?
There are an estimated housing units in the Salem area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Salem, New Jersey, there are 1.1 rental units.
What is the vacancy rate for rentals in Salem?
The rental vacancy rate in Salem is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Salem for each bedroom size?
Occupied Rental Units by Size in Salem
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 69 | 337 | 613 | 367 | 39 |
Occupied Rental Units by Size in Salem
A large number of apartments in Salem have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Salem
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 Salem, New Jersey
How many units are rented at Fair Market Rent (FMR) in Salem?
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 | 63 | 91 percent |
| One BR | 322 | 96 percent |
| Two BR | 571 | 93 percent |
Rental Units Below FMR in Salem, New Jersey
How many affordable rental units are in Salem?
There are a variety of federal affordable housing programs serving households in Salem, New Jersey including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Salem, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Salem, New Jersey
Salem features 440 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 Salem, New Jersey
There are 133 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salem.
Housing Choice Vouchers in Salem, New Jersey
On average, Section 8 Housing Choice vouchers pay Salem landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in Salem.
The maximum amount a voucher would pay on behalf of a low-income tenant in Salem, New Jersey for a two-bedroom apartment is between $1,563 and $1,911.
Sourced from federal housing data and AffordableHousingOnline.com research.