What HUD offices serve Woodbury, 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 Woodbury.
How many renters live in Woodbury, New Jersey?
The City of Woodbury has 9,981 people living in 4,110 households.
There are 2,564 renters living in 1,379 renter households in this City. Renters make up 25.69 percent of the population living in Woodbury.
What is the rental market like in Woodbury, New Jersey?
There are an estimated 4,632 housing units in the Woodbury area. Of these, 1,507 units are rental homes, making up 33 percent of the housing market. For every renter household in Woodbury, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Woodbury?
The rental vacancy rate in Woodbury is 8 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 Woodbury for each bedroom size?
Occupied Rental Units by Size in Woodbury
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 175 | 646 | 304 | 226 | 12 |
Occupied Rental Units by Size in Woodbury
A large number of apartments in Woodbury 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 Woodbury are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 29 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 Woodbury
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 Woodbury, New Jersey
How many units are rented at Fair Market Rent (FMR) in Woodbury?
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 | 141 | 81 percent |
| One BR | 577 | 89 percent |
| Two BR | 285 | 94 percent |
Rental Units Below FMR in Woodbury, New Jersey
How many affordable rental units are in Woodbury?
There are a variety of federal affordable housing programs serving households in Woodbury, New Jersey including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 399 |
| Section 8 Project-Based Rental Assistance | 382 |
| Mod Rehab Project-Based Rental Assistance | 7 |
Tracked Units by Federal Program in Woodbury, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Woodbury, New Jersey
Woodbury features 439 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 Woodbury, New Jersey
There are 180 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Woodbury.
Housing Choice Vouchers in Woodbury, New Jersey
On average, Section 8 Housing Choice vouchers pay Woodbury landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Woodbury.
The maximum amount a voucher would pay on behalf of a low-income tenant in Woodbury, New Jersey for a two-bedroom apartment is between $1,563 and $1,911.
Sourced from federal housing data and AffordableHousingOnline.com research.
