What HUD offices serve Wildwood, 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 Wildwood.
How many renters live in Wildwood, New Jersey?
The City of Wildwood has people living in households.
There are renters living in renter households in this City. Renters make up 57.28 percent of the population living in Wildwood.
What is the rental market like in Wildwood, New Jersey?
There are an estimated housing units in the Wildwood area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Wildwood, New Jersey, there are 1.41 rental units.
What is the vacancy rate for rentals in Wildwood?
The rental vacancy rate in Wildwood is 28 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 Wildwood for each bedroom size?
Occupied Rental Units by Size in Wildwood
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 96 | 357 | 383 | 381 | 53 |
Occupied Rental Units by Size in Wildwood
A large number of apartments in Wildwood 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 Wildwood
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,107 to $2,090. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,107 |
| One BR | $1,194 |
| Two BR | $1,569 |
| Three BR | $1,973 |
| Four BR | $2,090 |
2024 Fair Market Rents in Wildwood, New Jersey
How many units are rented at Fair Market Rent (FMR) in Wildwood?
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 | 79 | 82 percent |
| One BR | 237 | 66 percent |
| Two BR | 241 | 63 percent |
Rental Units Below FMR in Wildwood, New Jersey
How many affordable rental units are in Wildwood?
There are a variety of federal affordable housing programs serving households in Wildwood, New Jersey including the following:
| Federal Program | Unit Count |
| Public Housing | |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Wildwood, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Wildwood, New Jersey
Wildwood features 182 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 Wildwood, New Jersey
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wildwood.
Housing Choice Vouchers in Wildwood, New Jersey
On average, Section 8 Housing Choice vouchers pay Wildwood landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Wildwood.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wildwood, New Jersey for a two-bedroom apartment is between $1,412 and $1,726.
Sourced from federal housing data and AffordableHousingOnline.com research.