Camden County New Jersey Residential Rent and Rental Statistics
The median monthly gross residential rent in Camden County NJ was $1,111 in 2019 according to the Census ACS survey.1 Average gross rent in Camden County was $1,135 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 Camden County median and average rent data will be released in September of 2021.
Data is also available below for Camden County rental vacancy rates, Camden County rent as a percent of median income and the fraction of renters in Camden County.
Real Gross Rent in Camden 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% |
| Camden County NJ Median Gross Rent | $1,111 | -0.18% | +4.71% |
Camden County NJ Real Gross Rent Trends
Median gross rent for Camden County peaked in real terms in 2018 at $1,113 and is now $2 (0.18%) lower. At $1,135, real average gross rent in Camden County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Camden County NJ Median, Camden County NJ Average, New Jersey Median, US Median
Real Gross Rent History for Camden County
| Date | US Median |
New Jersey Median |
Camden County NJ Median |
Camden County NJ Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,376 | $1,111 | $1,135 |
| 2018 | $1,077 | $1,360 | $1,113 | $1,126 |
| 2017 | $1,043 | $1,324 | $1,060 | $1,086 |
| 2016 | $1,027 | $1,303 | $1,061 | $1,077 |
| 2015 | $1,017 | $1,288 | $1,057 | $1,062 |
| 2014 | $986 | $1,269 | $1,043 | $1,083 |
| 2013 | $953 | $1,233 | $1,010 | $1,028 |
| 2012 | $940 | $1,221 | $1,020 | $1,022 |
| 2011 | $941 | $1,226 | $1,004 | $1,009 |
| 2010 | $955 | $1,245 | $1,052 | $1,072 |
| 2009 | $960 | $1,263 | $1,028 | $1,028 |
| 2007 | $927 | $1,205 | $972 | $969 |
| 2005 | $910 | $1,169 | $970 | $974 |
Camden 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 Camden County New Jersey was 7.31% according to Census ACS data.
Rental Vacancy Rate in Camden 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% |
| Camden County NJ | 7.31% | +1.22% | +0.80% |
Trends in Camden County NJ Rental Vacancy Rate
The rental vacancy rate in Camden County peaked in 2006 at 9.14%. Since then it has fallen by 1.83% to 7.31%. Data records for this series originated in 2005. From a 2010 post peak low of 2.01%, the rental vacancy rate has increased by 5.30%.
Rental Vacancy Rate: Camden County NJ, New Jersey, US
Historical Rental Vacancy Rate data for Camden County
| Date | US | New Jersey | Camden County NJ |
|---|---|---|---|
| 2019 | 5.97% | 4.23% | 7.31% |
| 2018 | 6.15% | 4.42% | 6.09% |
| 2017 | 6.18% | 4.45% | 2.88% |
| 2016 | 5.89% | 5.02% | 6.51% |
| 2015 | 5.85% | 5.65% | 4.34% |
| 2014 | 6.32% | 6.09% | 5.68% |
| 2013 | 6.49% | 6.18% | 3.62% |
| 2012 | 6.77% | 5.96% | 5.52% |
| 2011 | 7.40% | 6.99% | 3.38% |
| 2010 | 8.17% | 7.51% | 2.01% |
| 2009 | 8.43% | 7.59% | 3.89% |
| 2007 | 7.87% | 6.30% | 5.31% |
| 2005 | 7.74% | 6.43% | 5.09% |
Rent as a Fraction of Income
Using median household income data for Camden County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Camden County, median monthly gross rent as a fraction of median household income was 18.10% in 2019 according to the ACS.
Camden 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% |
| Camden County NJ | 18.10% | -1.33% | -0.22% |
Trends in Camden County NJ Rent as a Fraction of Income
The fraction of median Camden County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 19.84%. Since then it has fallen by 1.74% to 18.10%.
Fraction of Income towards Rent: Camden County NJ, New Jersey, US
Historical Data for Annual Rent as a Fraction of Income in Camden County New Jersey
| Date | US | New Jersey | Camden County NJ |
|---|---|---|---|
| 2019 | 20.03% | 19.26% | 18.10% |
| 2018 | 20.50% | 19.61% | 19.42% |
| 2017 | 20.13% | 19.24% | 18.64% |
| 2016 | 20.43% | 19.61% | 18.32% |
| 2015 | 20.63% | 20.17% | 18.38% |
| 2014 | 20.89% | 20.06% | 19.02% |
| 2013 | 20.78% | 20.03% | 19.84% |
| 2012 | 20.65% | 19.77% | 19.41% |
| 2011 | 20.70% | 20.19% | 19.31% |
| 2010 | 20.50% | 19.75% | 19.69% |
| 2009 | 20.12% | 19.46% | 17.76% |
| 2007 | 18.66% | 18.37% | 16.74% |
| 2005 | 18.89% | 18.19% | 17.40% |
Renter Fraction in Camden County New Jersey
You can calculate the renter fraction in Camden 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 Camden County as a fraction of total Camden County households. In 2019 32.37% of households were renters according to Census ACS data.
Camden 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% |
| Camden County NJ | 32.37% | -1.08% | -0.10% |
Trends in the Camden County NJ Renter Fraction
The Camden County household renter fraction peaked in in 2013 at 34.01% and is now 1.64% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Camden County NJ, New Jersey, US
History of Camden County Renter Fraction
| Date | US | New Jersey | Camden County NJ |
|---|---|---|---|
| 2019 | 35.89% | 36.65% | 32.37% |
| 2018 | 36.05% | 36.02% | 33.45% |
| 2017 | 36.13% | 36.19% | 33.97% |
| 2016 | 36.88% | 36.77% | 32.47% |
| 2015 | 36.97% | 36.98% | 33.02% |
| 2014 | 36.90% | 36.74% | 33.05% |
| 2013 | 36.50% | 35.95% | 34.01% |
| 2012 | 36.09% | 34.93% | 31.84% |
| 2011 | 35.42% | 34.95% | 32.26% |
| 2010 | 34.65% | 33.59% | 32.93% |
| 2009 | 34.13% | 33.86% | 30.54% |
| 2007 | 32.80% | 32.73% | 30.70% |
| 2005 | 33.10% | 32.71% | 31.51% |
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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