402 E 18th St Unit 402 e 18th st. # 2
There are 2,414 low-income apartments in Passaic County that offer reduced rents to eligible households. Low-income rents in Passaic County, New Jersey can range from $863 to $1,168 depending on the number of bedrooms.
Rental assistance programs support 4,196 low-income homes in Passaic County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $421 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 Passaic 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 |
|---|---|
| Passaic County Public Housing Agency | Section 8 Housing Choice Voucher (HCV) |
| State of New Jersey Department of Community Affairs | Section 8 Housing Choice Voucher (HCV) |
Passaic County, New Jersey Affordable Housing Data
Income Based Apartments in Passaic County, New Jersey
Passaic County features 4,196 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 Passaic County, New Jersey
There are 2,414 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Passaic County.
Housing Choice Vouchers in Passaic County, New Jersey
On average, Section 8 Housing Choice vouchers pay Passaic County landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Passaic County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Passaic County, New Jersey for a two-bedroom apartment is between $1,703 and $2,081.
2024 Passaic 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 | |
|---|---|---|---|---|---|
| Passaic County, New Jersey Fair Market Rent | $1,400 | $1,645 | $1,892 | $2,342 | $2,946 |
| Passaic County, New Jersey Payment Standard Range | $1,260 to $1,540 | $1,481 to $1,810 | $1,703 to $2,081 | $2,108 to $2,576 | $2,651 to $3,241 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Passaic County, NJ Affordable Housing Snapshot
| Total Affordable Apartment Properties | 96 |
|---|---|
| Total Low Income Apartments | 6,639 |
| Total Housing Units with Rental Assistance | 4,196 |
| Percentage of Housing Units Occupied By Renters | 46.26% |
| Average Renter Household Size | 3.03 |
| Average Household Size | 3.09 |
| Median Household Income | $59,739 ±$1,370 |
| Median Rent | $1,184 ±$12 |
| Percentage Of Renters Overburdened | 57.67% ± 1.39pp |
| Total Population | 507,574 |
Population and Household Demographics
Passaic County is a county in New Jersey with a population of 507,574. There are 161,318 households in the county with an average household size of 3.09 persons. 46.26% of households in Passaic County are renters.
Income and Rent Overburden in Passaic County
The median gross income for households in Passaic County is $59,739 a year, or $4,978 a month. The median rent for the county is $1,184 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Passaic County, a household making less than $3,947 a month would be considered overburdened when renting an apartment at or above the median rent. 57.67% of households who rent are overburdened in Passaic County.
Area Median Income In Passaic 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 Passaic County, HUD calculates the Area Median Income for a family of four as $130,700
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 Passaic 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 Passaic 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 Passaic County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$27,250 | $31,150 | $35,050 | $38,900 | $42,050 | $45,150 | $48,250 | $51,350 |
| 50% AMI Income Limits Renters earning up to 50% of the Passaic County AMI may qualify for rental assistance programs that target Very Low Income households. |
$45,400 | $51,850 | $58,350 | $64,800 | $70,000 | $75,200 | $80,400 | $85,550 |
| 80% AMI Income Limits Renters earning up to 80% of the Passaic County AMI may qualify for rental assistance programs that target Low Income households. |
$66,750 | $76,250 | $85,800 | $95,300 | $102,950 | $110,550 | $118,200 | $125,800 |
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