Burlington County New Jersey Residential Rent and Rental Statistics
The median monthly gross residential rent in Burlington County NJ was $1,392 in 2019 according to the Census ACS survey.1 Average gross rent in Burlington County was $1,416 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 Burlington County median and average rent data will be released in September of 2021.
Data is also available below for Burlington County rental vacancy rates, Burlington County rent as a percent of median income and the fraction of renters in Burlington County.
Real Gross Rent in Burlington 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% |
| Burlington County NJ Median Gross Rent | $1,392 | +4.11% | +10.13% |
Burlington County NJ Real Gross Rent Trends
At $1,392, real median gross rent in Burlington County was at its highest level in 2019 since the series began in 2005. At $1,416, real average gross rent in Burlington County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Burlington County NJ Median, Burlington County NJ Average, New Jersey Median, US Median
Real Gross Rent History for Burlington County
| Date | US Median |
New Jersey Median |
Burlington County NJ Median |
Burlington County NJ Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,376 | $1,392 | $1,416 |
| 2018 | $1,077 | $1,360 | $1,337 | $1,396 |
| 2017 | $1,043 | $1,324 | $1,383 | $1,382 |
| 2016 | $1,027 | $1,303 | $1,264 | $1,332 |
| 2015 | $1,017 | $1,288 | $1,309 | $1,331 |
| 2014 | $986 | $1,269 | $1,274 | $1,307 |
| 2013 | $953 | $1,233 | $1,285 | $1,317 |
| 2012 | $940 | $1,221 | $1,215 | $1,220 |
| 2011 | $941 | $1,226 | $1,237 | $1,280 |
| 2010 | $955 | $1,245 | $1,293 | $1,310 |
| 2009 | $960 | $1,263 | $1,259 | $1,299 |
| 2007 | $927 | $1,205 | $1,172 | $1,181 |
| 2005 | $910 | $1,169 | $1,148 | $1,121 |
Burlington 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 Burlington County New Jersey was 1.89% according to Census ACS data.
Rental Vacancy Rate in Burlington 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% |
| Burlington County NJ | 1.89% | -5.78% | -2.38% |
Trends in Burlington County NJ Rental Vacancy Rate
The rental vacancy rate in Burlington County peaked in 2010 at 7.71%. Since then it has fallen by 5.82% to 1.89%. Data records for this series originated in 2005.
Rental Vacancy Rate: Burlington County NJ, New Jersey, US
Historical Rental Vacancy Rate data for Burlington County
| Date | US | New Jersey | Burlington County NJ |
|---|---|---|---|
| 2019 | 5.97% | 4.23% | 1.89% |
| 2018 | 6.15% | 4.42% | 7.67% |
| 2017 | 6.18% | 4.45% | 4.80% |
| 2016 | 5.89% | 5.02% | 4.27% |
| 2015 | 5.85% | 5.65% | 4.27% |
| 2014 | 6.32% | 6.09% | 4.78% |
| 2013 | 6.49% | 6.18% | 6.45% |
| 2012 | 6.77% | 5.96% | 6.55% |
| 2011 | 7.40% | 6.99% | 6.07% |
| 2010 | 8.17% | 7.51% | 7.71% |
| 2009 | 8.43% | 7.59% | 5.05% |
| 2007 | 7.87% | 6.30% | 5.48% |
| 2005 | 7.74% | 6.43% | 7.11% |
Rent as a Fraction of Income
Using median household income data for Burlington County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Burlington County, median monthly gross rent as a fraction of median household income was 18.81% in 2019 according to the ACS.
Burlington 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% |
| Burlington County NJ | 18.81% | +0.25% | +0.76% |
Trends in Burlington County NJ Rent as a Fraction of Income
The fraction of median Burlington County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 19.80%. Since then it has fallen by 0.99% to 18.81%.
Fraction of Income towards Rent: Burlington County NJ, New Jersey, US
Historical Data for Annual Rent as a Fraction of Income in Burlington County New Jersey
| Date | US | New Jersey | Burlington County NJ |
|---|---|---|---|
| 2019 | 20.03% | 19.26% | 18.81% |
| 2018 | 20.50% | 19.61% | 18.56% |
| 2017 | 20.13% | 19.24% | 18.35% |
| 2016 | 20.43% | 19.61% | 18.05% |
| 2015 | 20.63% | 20.17% | 19.80% |
| 2014 | 20.89% | 20.06% | 17.90% |
| 2013 | 20.78% | 20.03% | 18.92% |
| 2012 | 20.65% | 19.77% | 18.35% |
| 2011 | 20.70% | 20.19% | 18.85% |
| 2010 | 20.50% | 19.75% | 18.68% |
| 2009 | 20.12% | 19.46% | 17.70% |
| 2007 | 18.66% | 18.37% | 16.28% |
| 2005 | 18.89% | 18.19% | 15.96% |
Renter Fraction in Burlington County New Jersey
You can calculate the renter fraction in Burlington 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 Burlington County as a fraction of total Burlington County households. In 2019 26.73% of households were renters according to Census ACS data.
Burlington 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% |
| Burlington County NJ | 26.73% | +2.09% | +2.52% |
Trends in the Burlington County NJ Renter Fraction
The Burlington County household renter fraction peaked in in 2015 at 26.92% and is now 0.19% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Burlington County NJ, New Jersey, US
History of Burlington County Renter Fraction
| Date | US | New Jersey | Burlington County NJ |
|---|---|---|---|
| 2019 | 35.89% | 36.65% | 26.73% |
| 2018 | 36.05% | 36.02% | 24.64% |
| 2017 | 36.13% | 36.19% | 25.11% |
| 2016 | 36.88% | 36.77% | 24.21% |
| 2015 | 36.97% | 36.98% | 26.92% |
| 2014 | 36.90% | 36.74% | 24.54% |
| 2013 | 36.50% | 35.95% | 21.50% |
| 2012 | 36.09% | 34.93% | 23.34% |
| 2011 | 35.42% | 34.95% | 22.69% |
| 2010 | 34.65% | 33.59% | 21.11% |
| 2009 | 34.13% | 33.86% | 22.38% |
| 2007 | 32.80% | 32.73% | 22.38% |
| 2005 | 33.10% | 32.71% | 21.24% |
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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