Atlantic County New Jersey Residential Rent and Rental Statistics
The median monthly gross residential rent in Atlantic County NJ was $1,116 in 2019 according to the Census ACS survey.1 Average gross rent in Atlantic County was $1,105 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Atlantic County median and average rent data will be released in September of 2021.
Data is also available below for Atlantic County rental vacancy rates, Atlantic County rent as a percent of median income and the fraction of renters in Atlantic County.
Real Gross Rent in Atlantic County New Jersey (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| New Jersey Median Gross Rent | $1,376 | +1.18% | +5.60% |
| Atlantic County NJ Median Gross Rent | $1,116 | +3.14% | +2.76% |
Atlantic County NJ Real Gross Rent Trends
Median gross rent for Atlantic County peaked in real terms in 2015 at $1,135 and is now $19 (1.67%) lower. Average gross rent for Atlantic County peaked in real terms in 2015 at $1,118 and is now $13 (1.16%) lower.
Real Gross Rent: Atlantic County NJ Median, Atlantic County NJ Average, New Jersey Median, US Median
Real Gross Rent History for Atlantic County
| Date | US Median |
New Jersey Median |
Atlantic County NJ Median |
Atlantic County NJ Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,376 | $1,116 | $1,105 |
| 2018 | $1,077 | $1,360 | $1,082 | $1,090 |
| 2017 | $1,043 | $1,324 | $1,063 | $1,050 |
| 2016 | $1,027 | $1,303 | $1,086 | $1,076 |
| 2015 | $1,017 | $1,288 | $1,135 | $1,118 |
| 2014 | $986 | $1,269 | $1,075 | $1,065 |
| 2013 | $953 | $1,233 | $1,077 | $1,054 |
| 2012 | $940 | $1,221 | $1,099 | $1,038 |
| 2011 | $941 | $1,226 | $1,095 | $1,052 |
| 2010 | $955 | $1,245 | $1,110 | $1,052 |
| 2009 | $960 | $1,263 | $1,085 | $1,088 |
| 2007 | $927 | $1,205 | $1,075 | $1,062 |
| 2005 | $910 | $1,169 | $1,044 | $968 |
Atlantic County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Atlantic County New Jersey was 5.35% according to Census ACS data.
Rental Vacancy Rate in Atlantic County New Jersey
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New Jersey | 4.23% | -0.19% | -0.79% |
| Atlantic County NJ | 5.35% | -3.68% | -3.42% |
Trends in Atlantic County NJ Rental Vacancy Rate
The rental vacancy rate in Atlantic County peaked in 2005 at 14.97%. Since then it has fallen by 9.62% to 5.35%. Data records for this series originated in 2005. From a 2014 post peak low of 4.86%, the rental vacancy rate has increased by 0.49%.
Rental Vacancy Rate: Atlantic County NJ, New Jersey, US
Historical Rental Vacancy Rate data for Atlantic County
| Date | US | New Jersey | Atlantic County NJ |
|---|---|---|---|
| 2019 | 5.97% | 4.23% | 5.35% |
| 2018 | 6.15% | 4.42% | 9.03% |
| 2017 | 6.18% | 4.45% | 5.71% |
| 2016 | 5.89% | 5.02% | 8.77% |
| 2015 | 5.85% | 5.65% | 7.58% |
| 2014 | 6.32% | 6.09% | 4.86% |
| 2013 | 6.49% | 6.18% | 7.22% |
| 2012 | 6.77% | 5.96% | 6.78% |
| 2011 | 7.40% | 6.99% | 9.77% |
| 2010 | 8.17% | 7.51% | 10.63% |
| 2009 | 8.43% | 7.59% | 13.76% |
| 2007 | 7.87% | 6.30% | 6.66% |
| 2005 | 7.74% | 6.43% | 14.97% |
Rent as a Fraction of Income
Using median household income data for Atlantic County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Atlantic County, median monthly gross rent as a fraction of median household income was 21.13% in 2019 according to the ACS.
Atlantic County New Jersey Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| New Jersey | 19.26% | -0.36% | -0.35% |
| Atlantic County NJ | 21.13% | +0.29% | -0.79% |
Trends in Atlantic County NJ Rent as a Fraction of Income
The fraction of median Atlantic County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 24.22%. Since then it has fallen by 3.09% to 21.13%.
Fraction of Income towards Rent: Atlantic County NJ, New Jersey, US
Historical Data for Annual Rent as a Fraction of Income in Atlantic County New Jersey
| Date | US | New Jersey | Atlantic County NJ |
|---|---|---|---|
| 2019 | 20.03% | 19.26% | 21.13% |
| 2018 | 20.50% | 19.61% | 20.84% |
| 2017 | 20.13% | 19.24% | 20.03% |
| 2016 | 20.43% | 19.61% | 21.92% |
| 2015 | 20.63% | 20.17% | 23.75% |
| 2014 | 20.89% | 20.06% | 22.09% |
| 2013 | 20.78% | 20.03% | 23.55% |
| 2012 | 20.65% | 19.77% | 24.22% |
| 2011 | 20.70% | 20.19% | 23.94% |
| 2010 | 20.50% | 19.75% | 22.67% |
| 2009 | 20.12% | 19.46% | 21.61% |
| 2007 | 18.66% | 18.37% | 19.69% |
| 2005 | 18.89% | 18.19% | 19.89% |
Renter Fraction in Atlantic County New Jersey
You can calculate the renter fraction in Atlantic County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Atlantic County as a fraction of total Atlantic County households. In 2019 33.65% of households were renters according to Census ACS data.
Atlantic County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| New Jersey | 36.65% | +0.63% | -0.12% |
| Atlantic County NJ | 33.65% | +2.59% | +1.29% |
Trends in the Atlantic County NJ Renter Fraction
The Atlantic County household renter fraction peaked in in 2017 at 35.50% and is now 1.85% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Atlantic County NJ, New Jersey, US
History of Atlantic County Renter Fraction
| Date | US | New Jersey | Atlantic County NJ |
|---|---|---|---|
| 2019 | 35.89% | 36.65% | 33.65% |
| 2018 | 36.05% | 36.02% | 31.06% |
| 2017 | 36.13% | 36.19% | 35.50% |
| 2016 | 36.88% | 36.77% | 32.36% |
| 2015 | 36.97% | 36.98% | 32.08% |
| 2014 | 36.90% | 36.74% | 33.31% |
| 2013 | 36.50% | 35.95% | 33.50% |
| 2012 | 36.09% | 34.93% | 35.15% |
| 2011 | 35.42% | 34.95% | 33.09% |
| 2010 | 34.65% | 33.59% | 26.56% |
| 2009 | 34.13% | 33.86% | 29.34% |
| 2007 | 32.80% | 32.73% | 30.19% |
| 2005 | 33.10% | 32.71% | 32.11% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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