There are 3,093 low-income apartments in Ocean County that offer reduced rents to eligible households. Low-income rents in Ocean County, New Jersey can range from $831 to $1,433 depending on the number of bedrooms.
Rental assistance programs support 1,737 low-income homes in Ocean County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $561 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 Ocean 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) |
Ocean County, New Jersey Affordable Housing Data
Income Based Apartments in Ocean County, New Jersey
Ocean County features 1,737 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 Ocean County, New Jersey
There are 3,093 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ocean County.
Housing Choice Vouchers in Ocean County, New Jersey
On average, Section 8 Housing Choice vouchers pay Ocean County landlords $1,200 per month towards rent. The average voucher holder contributes $600 towards rent in Ocean County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ocean County, New Jersey for a two-bedroom apartment is between $1,724 and $2,108.
2024 Ocean 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 | |
|---|---|---|---|---|---|
| Ocean County, New Jersey Fair Market Rent | $1,385 | $1,546 | $1,916 | $2,604 | $2,904 |
| Ocean County, New Jersey Payment Standard Range | $1,247 to $1,524 | $1,391 to $1,701 | $1,724 to $2,108 | $2,344 to $2,864 | $2,614 to $3,194 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Ocean County, NJ Affordable Housing Snapshot
| Total Affordable Apartment Properties | 124 |
|---|---|
| Total Low Income Apartments | 5,221 |
| Total Housing Units with Rental Assistance | 1,737 |
| Percentage of Housing Units Occupied By Renters | 19.62% |
| Average Renter Household Size | 2.92 |
| Average Household Size | 2.59 |
| Median Household Income | $61,994 ±$705 |
| Median Rent | $1,322 ±$21 |
| Percentage Of Renters Overburdened | 58.7% ± 1.64pp |
| Total Population | 583,450 |
Population and Household Demographics
Ocean County is a county in New Jersey with a population of 583,450. There are 222,494 households in the county with an average household size of 2.59 persons. 19.62% of households in Ocean County are renters.
Income and Rent Overburden in Ocean County
The median gross income for households in Ocean County is $61,994 a year, or $5,166 a month. The median rent for the county is $1,322 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ocean County, a household making less than $4,407 a month would be considered overburdened when renting an apartment at or above the median rent. 58.7% of households who rent are overburdened in Ocean County.
Area Median Income In Ocean 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 Ocean County, HUD calculates the Area Median Income for a family of four as $130,300
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 Ocean 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 Ocean 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 Ocean County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$27,100 | $31,000 | $34,850 | $38,700 | $41,800 | $44,900 | $48,000 | $51,100 |
| 50% AMI Income Limits Renters earning up to 50% of the Ocean County AMI may qualify for rental assistance programs that target Very Low Income households. |
$45,150 | $51,600 | $58,050 | $64,500 | $69,700 | $74,850 | $80,000 | $85,150 |
| 80% AMI Income Limits Renters earning up to 80% of the Ocean County AMI may qualify for rental assistance programs that target Low Income households. |
$66,300 | $75,750 | $85,200 | $94,650 | $102,250 | $109,800 | $117,400 | $124,950 |
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