What HUD offices serve Somerset County, 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 Somerset County.
How many renters live in Somerset County, New Jersey?
The County of Somerset County has 346,875 people living in 130,178 households.
There are 69,762 renters living in 29,846 renter households in this County. Renters make up 20.11 percent of the population living in Somerset County.
What is the rental market like in Somerset County, New Jersey?
There are an estimated 131,989 housing units in the Somerset County area. Of these, 32,515 units are rental homes, making up 25 percent of the housing market. For every renter household in Somerset County, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Somerset County?
The rental vacancy rate in Somerset County 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 Somerset County for each bedroom size?
Occupied Rental Units by Size in Somerset County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1,720 | 9,495 | 14,762 | 4,097 | 1,164 |
Occupied Rental Units by Size in Somerset County
A large number of apartments in Somerset County 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 Somerset County are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 25 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 Somerset County
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 Somerset County, New Jersey
How many units are rented at Fair Market Rent (FMR) in Somerset County?
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 | 893 | 52 percent |
| One BR | 4,026 | 42 percent |
| Two BR | 2,691 | 18 percent |
Rental Units Below FMR in Somerset County, New Jersey
How many affordable rental units are in Somerset County?
There are a variety of federal affordable housing programs serving households in Somerset County, New Jersey including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,810 |
| Public Housing | 50 |
| Section 8 Project-Based Rental Assistance | 638 |
| Section 202 Supportive Housing for the Elderly | 143 |
| Section 811 Supportive Housing for Persons with Disabilities | 36 |
Tracked Units by Federal Program in Somerset County, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Somerset County, New Jersey
Somerset County features 756 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 Somerset County, New Jersey
There are 1,271 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Somerset County.
Housing Choice Vouchers in Somerset County, New Jersey
On average, Section 8 Housing Choice vouchers pay Somerset County landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Somerset County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Somerset County, New Jersey for a two-bedroom apartment is between $2,048 and $2,504.
Sourced from federal housing data and AffordableHousingOnline.com research.
