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Village at St. Peter's
There are 1,911 low-income apartments in Atlantic County that offer reduced rents to eligible households. Low-income rents in Atlantic County, New Jersey can range from $630 to $1,055 depending on the number of bedrooms.
Rental assistance programs support 5,015 low-income homes in Atlantic County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $407 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Atlantic 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.
| Housing Authority | Programs |
|---|---|
| State of New Jersey Department of Community Affairs | Section 8 Housing Choice Voucher (HCV) |
Atlantic County, New Jersey Affordable Housing Data
Income Based Apartments in Atlantic County, New Jersey
Atlantic County features 5,015 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 Atlantic County, New Jersey
There are 1,911 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Atlantic County.
Housing Choice Vouchers in Atlantic County, New Jersey
On average, Section 8 Housing Choice vouchers pay Atlantic County landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Atlantic County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Atlantic County, New Jersey for a two-bedroom apartment is between $1,503 and $1,837.
2024 Atlantic County, 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 | |
|---|---|---|---|---|---|
| Atlantic County, New Jersey Fair Market Rent | $1,172 | $1,340 | $1,670 | $2,353 | $2,584 |
| Atlantic County, New Jersey Payment Standard Range | $1,055 to $1,289 | $1,206 to $1,474 | $1,503 to $1,837 | $2,118 to $2,588 | $2,326 to $2,842 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Atlantic County, NJ Affordable Housing Snapshot
| Total Affordable Apartment Properties | 127 |
|---|---|
| Total Low Income Apartments | 7,456 |
| Total Housing Units with Rental Assistance | 5,015 |
| Percentage of Housing Units Occupied By Renters | 33.02% |
| Average Renter Household Size | 2.52 |
| Average Household Size | 2.64 |
| Median Household Income | $54,461 ±$1,324 |
| Median Rent | $1,047 ±$21 |
| Percentage Of Renters Overburdened | 57.08% ± 2.24pp |
| Total Population | 275,376 |
Population and Household Demographics
Atlantic County is a county in New Jersey with a population of 275,376. There are 101,818 households in the county with an average household size of 2.64 persons. 33.02% of households in Atlantic County are renters.
Income and Rent Overburden in Atlantic County
The median gross income for households in Atlantic County is $54,461 a year, or $4,538 a month. The median rent for the county is $1,047 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Atlantic County, a household making less than $3,490 a month would be considered overburdened when renting an apartment at or above the median rent. 57.08% of households who rent are overburdened in Atlantic County.
Area Median Income In Atlantic County
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.
In Atlantic County, HUD calculates the Area Median Income for a family of four as $98,200
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 Atlantic County
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 Atlantic County
| 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 Atlantic County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,750 | $21,400 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Atlantic County AMI may qualify for rental assistance programs that target Very Low Income households. |
$31,200 | $35,650 | $40,100 | $44,550 | $48,150 | $51,700 | $55,250 | $58,850 |
| 80% AMI Income Limits Renters earning up to 80% of the Atlantic County AMI may qualify for rental assistance programs that target Low Income households. |
$49,950 | $57,050 | $64,200 | $71,300 | $77,050 | $82,750 | $88,450 | $94,150 |
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