Affordable Housing In Waretown
Ocean County, New Jersey

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

There are 64 affordable apartments in Waretown that offer reduced rents to low-income households.

Waiting Lists in Waretown, New Jersey

There are no open Section 8 Housing Choice Voucher waiting lists in Waretown. Go to the New Jersey Section 8 Waiting Lists page for openings near Waretown.

Cornerstone at Waretown

581 Route 9
Waretown, New Jersey
1 BR
Family & Senior
Affordable

Birchwood at Waretown

101 Veterans Blvd
Waretown, New Jersey
Call For Rent
1-2 BR
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Affordable Housing Near Waretown

View affordable apartments and waiting lists in cities near Waretown

City Apartments
Affordable Housing In Barnegat, NJ Affordable Housing programs support 6 apartment communities in Barnegat.
Affordable Housing In Bayville, NJ Affordable Housing programs support 1 apartment communities in Bayville.
Affordable Housing In Brick Township, NJ Affordable Housing programs support 6 apartment communities in Brick Township.
Affordable Housing In Forked River, NJ Affordable Housing programs support 2 apartment communities in Forked River.
Affordable Housing In Jackson, NJ Affordable Housing programs support 5 apartment communities in Jackson.
Affordable Housing In Lacey, NJ Affordable Housing programs support 1 apartment communities in Lacey.
Affordable Housing In Lakewood, NJ Affordable Housing programs support 9 apartment communities in Lakewood.
Affordable Housing In Little Egg Harbor, NJ Affordable Housing programs support 2 apartment communities in Little Egg Harbor.
Affordable Housing In Manahawkin, NJ Affordable Housing programs support 3 apartment communities in Manahawkin.
Affordable Housing In Manchester, NJ Affordable Housing programs support 3 apartment communities in Manchester.
Affordable Housing In Manchester Township, NJ Affordable Housing programs support 1 apartment communities in Manchester Township.
Affordable Housing In Ocean, NJ Affordable Housing programs support 3 apartment communities in Ocean.
Affordable Housing In Seaside Heights, NJ Affordable Housing programs support 1 apartment communities in Seaside Heights.
Affordable Housing In Toms River, NJ Affordable Housing programs support 10 apartment communities in Toms River.
Affordable Housing In Tuckerton, NJ Affordable Housing programs support 2 apartment communities in Tuckerton.

Public Housing Agencies Serving Waretown, 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 Waretown.

Waretown, New Jersey Affordable Housing Data

Income Based Apartments in Waretown, New Jersey

Waretown 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 Waretown, New Jersey

There are 64 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waretown.

Housing Choice Vouchers in Waretown, New Jersey

On average, Section 8 Housing Choice vouchers pay Waretown landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Waretown.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waretown, New Jersey for a two-bedroom apartment is between $1,442 and $1,762.

2023 Waretown, 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
Waretown, New Jersey Fair Market Rent $1,146 $1,279 $1,602 $2,193 $2,441
Waretown, New Jersey Payment Standard Range $1,031 to $1,261 $1,151 to $1,407 $1,442 to $1,762 $1,974 to $2,412 $2,197 to $2,685

Sourced from federal housing data and AffordableHousingOnline.com research.

Waretown, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 140
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 17.98%
Average Renter Household Size 1.97
Average Household Size 2.15
Median Household Income $68,681 ±$13,045
Median Rent $1,300 ±$168
Percentage Of Renters Overburdened 49.32% ± 48.05pp
Total Population 1,773

Population and Household Demographics

Waretown is a city in Ocean County, New Jersey with a population of 1,773. There are 823 households in the city with an average household size of 2.15 persons. 17.98% of households in Waretown are renters.

Income and Rent Overburden in Waretown

The median gross income for households in Waretown is $68,681 a year, or $5,723 a month. The median rent for the city is $1,300 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Waretown, a household making less than $4,333 a month would be considered overburdened when renting an apartment at or above the median rent. 49.32% of households who rent are overburdened in Waretown.

Area Median Income In Waretown

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 Waretown, the AMI is calculated from all households within Ocean County.

In Waretown, HUD calculates the Area Median Income for a family of four as $123,600

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 Waretown

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 Waretown

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 Waretown AMI may qualify for rental assistance programs that target Extremely Low Income households.
$25,600 $29,250 $32,900 $36,550 $39,500 $42,400 $45,350 $48,250
50% AMI Income Limits
Renters earning up to 50% of the Waretown AMI may qualify for rental assistance programs that target Very Low Income households.
$42,650 $48,750 $54,850 $60,900 $65,800 $70,650 $75,550 $80,400
80% AMI Income Limits
Renters earning up to 80% of the Waretown AMI may qualify for rental assistance programs that target Low Income households.
$62,600 $71,550 $80,500 $89,400 $96,600 $103,750 $110,900 $118,050