Vineland, NJ
The Fair Market Rent for a 2-bedroom in Vineland, NJ is $1,673 per month, ranking #155 out of 693 areas nationwide. The area median household income is $64,499, meaning a household spending Fair Market Rent on a 2-bedroom would pay 31.1% of income on housing. The area has a population of 153K, with 34.4% of households renting.
Fair Market Rent by Bedroom Size
Fair Market Rents (FMRs) are set annually by the U.S. Department of Housing and Urban Development and represent the 40th percentile of gross rents for standard-quality units in an area. FMRs are used to determine payment standards for the Housing Choice Voucher program and other federal housing assistance.
Housing Affordability
In Vineland, NJ, a household earning the area median income of $64,499 would spend 31.1% of their gross income on a 2-bedroom at Fair Market Rent. HUD considers households spending more than 30% of income on housing to be "cost-burdened." This means many renters in this area face financial strain from housing costs.
Minimum Wage Affordability
The minimum wage in New Jersey is $15.49/hr. A minimum-wage worker would need to work 83.1 hours per week to afford a 2-bedroom at Fair Market Rent without exceeding 30% of income on housing. This means a single minimum-wage earner cannot afford a 2-bedroom working a standard 40-hour week. The poverty rate in Vineland is 16.3%, near the national average of approximately 12.4%.
Housing Market Context
The median home value in Vineland is $205,600. At a median income of $64,499, this represents a price-to-income ratio of 3.2x. 6.8% of housing units in the area are vacant, which is below the national average and suggests a tight housing market.
Other Areas in New Jersey
Areas With Similar Rent to Vineland
Frequently Asked Questions
The HUD Fair Market Rent for a 2-bedroom in Vineland, NJ is $1,673 per month. A studio is $1,280/mo, a 1-bedroom is $1,375/mo, and a 3-bedroom is $2,303/mo. The actual median gross rent from Census data is $1,254/mo.
Vineland has a rent burden of 31.1%, meaning a household earning the median income of $64,499 would spend 31.1% of income on a 2-bedroom at Fair Market Rent. HUD considers spending 30%+ on housing to be cost-burdened. To afford a 2-bedroom without being cost-burdened, a household would need an annual income of at least $66,920.
Vineland's 2-bedroom Fair Market Rent of $1,673/mo is $423 above the national median of $1,250/mo. Vineland ranks #155 out of 693 areas for highest rent in the United States.
To afford a 2-bedroom at Fair Market Rent in Vineland without spending more than 30% of income on housing, you would need an annual household income of at least $66,920, or a full-time hourly wage of $32/hour. The area median income is $64,499.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. Rent burden is calculated as annual 2BR FMR divided by area median household income. Census data (income, home value, population, vacancy) is from the ACS 5-Year estimates. Unemployment rates are from BLS Local Area Unemployment Statistics.