What HUD offices serve Woodcliff Lake, 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 Woodcliff Lake.
How many renters live in Woodcliff Lake, New Jersey?
The City of Woodcliff Lake has 6,096 people living in 2,120 households.
There are 388 renters living in 242 renter households in this City. Renters make up 6.36 percent of the population living in Woodcliff Lake.
What is the rental market like in Woodcliff Lake, New Jersey?
There are an estimated 2,174 housing units in the Woodcliff Lake area. Of these, 242 units are rental homes, making up 11 percent of the housing market. For every renter household in Woodcliff Lake, New Jersey, there are 1 rental units.
What is the vacancy rate for rentals in Woodcliff Lake?
The rental vacancy rate in Woodcliff Lake is 0 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 Woodcliff Lake for each bedroom size?
Occupied Rental Units by Size in Woodcliff Lake
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 109 | 52 | 21 | 60 |
Occupied Rental Units by Size in Woodcliff Lake
A large number of apartments in Woodcliff Lake 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 Woodcliff Lake are overburdened by housing costs?
Among renter households in this market, 78 percent have housing cost burden. Further, 44 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 Woodcliff Lake
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,400 to $2,946. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,400 |
| One BR | $1,645 |
| Two BR | $1,892 |
| Three BR | $2,342 |
| Four BR | $2,946 |
2024 Fair Market Rents in Woodcliff Lake, New Jersey
How many units are rented at Fair Market Rent (FMR) in Woodcliff Lake?
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 |
| One BR | 34 | 31 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Woodcliff Lake, New Jersey
How many affordable rental units are in Woodcliff Lake?
Income Based Apartments in Woodcliff Lake, New Jersey
Woodcliff Lake 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 Woodcliff Lake, New Jersey
There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Woodcliff Lake.
Housing Choice Vouchers in Woodcliff Lake, New Jersey
On average, Section 8 Housing Choice vouchers pay Woodcliff Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Woodcliff Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Woodcliff Lake, New Jersey for a two-bedroom apartment is between $1,703 and $2,081.
Sourced from federal housing data and AffordableHousingOnline.com research.
