Franklin Township Consumer Home
Alternatives Homes 2005 Inc
South Bound Brook Consumer Home
Bridgewater Township Consumer Home
Somerset 2003 Consumer Home
74 Gregory Ln Unit 74 Gregory Ln
There are 1,271 low-income apartments in Somerset County that offer reduced rents to eligible households.
Rental assistance programs support 756 low-income homes in Somerset County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $489 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 Somerset 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) |
Somerset County, New Jersey Affordable Housing Data
Income Based Apartments in Somerset County, New Jersey
Somerset County features 756 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 Somerset County, New Jersey
There are 1,271 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Somerset County.
Housing Choice Vouchers in Somerset County, New Jersey
On average, Section 8 Housing Choice vouchers pay Somerset County landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Somerset County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Somerset County, New Jersey for a two-bedroom apartment is between $2,048 and $2,504.
2024 Somerset 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 | |
|---|---|---|---|---|---|
| Somerset County, New Jersey Fair Market Rent | $1,608 | $1,807 | $2,276 | $2,756 | $3,031 |
| Somerset County, New Jersey Payment Standard Range | $1,447 to $1,769 | $1,626 to $1,988 | $2,048 to $2,504 | $2,480 to $3,032 | $2,728 to $3,334 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Somerset County, NJ Affordable Housing Snapshot
| Total Affordable Apartment Properties | 54 |
|---|---|
| Total Low Income Apartments | 2,107 |
| Total Housing Units with Rental Assistance | 756 |
| Percentage of Housing Units Occupied By Renters | 23.9% |
| Average Renter Household Size | 2.54 |
| Average Household Size | 2.81 |
| Median Household Income | $100,667 ±$1,308 |
| Median Rent | $1,411 ±$25 |
| Percentage Of Renters Overburdened | 43.43% ± 2.62pp |
| Total Population | 330,604 |
Population and Household Demographics
Somerset County is a county in New Jersey with a population of 330,604. There are 115,998 households in the county with an average household size of 2.81 persons. 23.9% of households in Somerset County are renters.
Income and Rent Overburden in Somerset County
The median gross income for households in Somerset County is $100,667 a year, or $8,389 a month. The median rent for the county is $1,411 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Somerset County, a household making less than $4,703 a month would be considered overburdened when renting an apartment at or above the median rent. 43.43% of households who rent are overburdened in Somerset County.
Area Median Income In Somerset 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 Somerset County, HUD calculates the Area Median Income for a family of four as $142,900
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 Somerset 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 Somerset 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 Somerset County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$30,000 | $34,300 | $38,600 | $42,850 | $46,300 | $49,750 | $53,150 | $56,600 |
| 50% AMI Income Limits Renters earning up to 50% of the Somerset County AMI may qualify for rental assistance programs that target Very Low Income households. |
$50,050 | $57,200 | $64,350 | $71,450 | $77,200 | $82,900 | $88,600 | $94,350 |
| 80% AMI Income Limits Renters earning up to 80% of the Somerset 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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