Department of Numbers

Housing Units, Population and Cost Rank Measures for New Jersey

Here we explore the evolution and dynamics of the housing supply in New Jersey, the relative cost of New Jersey housing, the housing mix and the change in New Jersey population. Housing supply here is defined as the number of housing units (i.e: houses, condos, apartments etc..). For this analysis, the New Jersey population number we're most interested in is the 18 and over population since the under 18 population typically isn't a buyer or renter in the housing market. All data on this page comes from the Census ACS 1 year survey. Jump to New Jersey sections: housing units, housing cost, housing mix, population.

Housing Units and 18+ Population for New Jersey

The data below track the total number of housing units in New Jersey, the total 18 and over population in New Jersey and the ratio of the 18 and over New Jersey population to the number of housing units. Over the past 5 years, the number of New Jersey housing units increased by 1.39% while the 18 and over population increased by 0.26%. As a result, the ratio of the 18 and over population to housing units decreased from 1.928 to 1.907. A lower population to housing units ratio means there are more housing units available per person in the region.

2019 1 Year Change 5 Year Change
New Jersey Housing Units 3,641,854 +0.38% +1.39%
New Jersey 18+ Population 6,944,166 -0.19% +0.26%
New Jersey 18+ Pop. / Units 1.907 -0.011 -0.021

New Jersey 18+ Population to Units Ratio Trends: New Jersey, US

New Jersey Housing Units and 18+ Population History

Date New Jersey Housing Units New Jersey 18+ Population New Jersey 18+ Pop. / Units
2019 3,641,854 6,944,166 1.907
2018 3,628,198 6,957,515 1.918
2017 3,615,891 7,026,848 1.943
2016 3,604,688 6,960,030 1.931
2015 3,593,722 6,959,148 1.936
2014 3,591,847 6,925,978 1.928
2013 3,578,260 6,877,442 1.922
2012 3,574,763 6,837,852 1.913
2011 3,562,720 6,778,730 1.903
2010 3,554,909 6,738,812 1.896
2009 3,524,954 6,661,599 1.890
2008 3,515,923 6,635,753 1.887

more history ...

New Jersey Relative Housing Cost Percentile by Price and Rent

This data shows where New Jersey falls in the distribution of home prices and rent compared to other states (and D.C.). The higher the percentile, the more expensive the region is compared to the rest of the country. In 2019, New Jersey was at the 86.27% percentile for home prices and the 92.16% percentile for the cost of rent. Over the past 5 years, New Jersey home prices have become less expensive compared to the rest of the country and rent in New Jersey has become less expensive over the past 5 years relative to the rest of the country.

New Jersey Home Price and Rent Percentile

2019 1 Year Change
(delta)		 5 Year Change
(delta)
New Jersey Home Price Percentile 86.27% -1.97% -5.89%
New Jersey Rent Percentile 92.16% 0.00% 0.00%

New Jersey Trends in Home Price and Rent Percentile: New Jersey, US

New Jersey Home Price and Rent Percentile History

Date New Jersey Home Price Percentile New Jersey Rent Percentile
2019 86.27% 92.16%
2018 88.24% 92.16%
2017 88.24% 92.16%
2016 92.16% 92.16%
2015 92.16% 92.16%
2014 92.16% 92.16%
2013 92.16% 92.16%
2012 92.16% 92.16%
2011 92.16% 92.16%
2010 94.12% 92.16%
2009 94.12% 96.08%
2008 94.12% 94.12%

more history ...

New Jersey Housing Units: Owner Occupied, Renter Occupied and Vacant

The data below shows the number of housing units in New Jersey by type. Over the past 5 years, the number of housing units held by owner occupiers increased by 3.01% while the total number of rented units in New Jersey increased by 2.61%. Units that were vacant1 decreased by 10.43% over the last 5 years.

New Jersey Changes in Owned, Rented and Vacant Units

2019 1 Year Change 5 Year Change
New Jersey Owner Occ. Units 2,081,798 +0.14% +3.01%
New Jersey Renter Occ. Units 1,204,466 +2.89% +2.61%
New Jersey Vacant Units 355,590 -6.09% -10.43%

New Jersey Housing Share Trends: Owned, Rented and Vacant: Owned, Rented, Vacant

The chart below shows the share of each housing type in New Jersey as a fraction of total housing units.

New Jersey Owned, Rented and Vacant Units History

Date New Jersey Owner Occ. Units New Jersey Renter Occ. Units New Jersey Vacant Units
2019 2,081,798 1,204,466 355,590
2018 2,078,948 1,170,619 378,631
2017 2,053,929 1,164,869 397,093
2016 2,019,927 1,174,592 410,169
2015 2,009,034 1,178,929 405,759
2014 2,021,062 1,173,782 397,003
2013 2,034,223 1,141,916 402,121
2012 2,081,481 1,117,318 375,964
2011 2,060,480 1,107,149 395,091
2010 2,106,728 1,065,693 382,488
2009 2,086,551 1,068,375 370,028
2008 2,113,974 1,040,038 361,911

more history ...

New Jersey Population

This data shows the population of New Jersey for the under 18 category and the 18 and over category. In the last 5 years the under 18 population has decreased by 3.69% while the 18 and over population has increased by 0.26%.The total population of New Jersey has decreased by 0.63% in the last 5 years.

Changes in New Jersey Population

2019 1 Year Change 5 Year Change
New Jersey Population Under 18 1,938,024 -0.67% -3.69%
New Jersey Population 18+ 6,944,166 -0.19% +0.26%
New Jersey Total Population 8,882,190 -0.30% -0.63%

New Jersey Population Age Share: Under 18, 18 and Over: 18+, Under 18

New Jersey Population History

Date New Jersey Population Under 18 New Jersey Population 18+ New Jersey Total Population
2019 1,938,024 6,944,166 8,882,190
2018 1,951,005 6,957,515 8,908,520
2017 1,978,796 7,026,848 9,005,644
2016 1,984,439 6,960,030 8,944,469
2015 1,998,865 6,959,148 8,958,013
2014 2,012,197 6,925,978 8,938,175
2013 2,021,897 6,877,442 8,899,339
2012 2,026,738 6,837,852 8,864,590
2011 2,042,425 6,778,730 8,821,155
2010 2,062,812 6,738,812 8,801,624
2009 2,046,141 6,661,599 8,707,740
2008 2,046,908 6,635,753 8,682,661

more history ...

1. The Census defines a vacant unit as belonging to the following set: For rent, Rented not occupied, For sale only, Sold not occupied, For seasonal or recreational or other occasional use, For migrant workers, Other vacant. ↩

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