Gloucester County New Jersey Residential Rent and Rental Statistics
The median monthly gross residential rent in Gloucester County NJ was $1,227 in 2019 according to the Census ACS survey.1 Average gross rent in Gloucester County was $1,145 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 Gloucester County median and average rent data will be released in September of 2021.
Data is also available below for Gloucester County rental vacancy rates, Gloucester County rent as a percent of median income and the fraction of renters in Gloucester County.
Real Gross Rent in Gloucester 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% |
| Gloucester County NJ Median Gross Rent | $1,227 | -5.90% | +3.11% |
Gloucester County NJ Real Gross Rent Trends
Median gross rent for Gloucester County peaked in real terms in 2018 at $1,304 and is now $77 (5.90%) lower. Average gross rent for Gloucester County peaked in real terms in 2018 at $1,295 and is now $150 (11.58%) lower.
Real Gross Rent: Gloucester County NJ Median, Gloucester County NJ Average, New Jersey Median, US Median
Real Gross Rent History for Gloucester County
| Date | US Median |
New Jersey Median |
Gloucester County NJ Median |
Gloucester County NJ Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,376 | $1,227 | $1,145 |
| 2018 | $1,077 | $1,360 | $1,304 | $1,295 |
| 2017 | $1,043 | $1,324 | $1,183 | $1,194 |
| 2016 | $1,027 | $1,303 | $1,190 | $1,216 |
| 2015 | $1,017 | $1,288 | $1,185 | $1,202 |
| 2014 | $986 | $1,269 | $1,083 | $1,143 |
| 2013 | $953 | $1,233 | $1,073 | $1,118 |
| 2012 | $940 | $1,221 | $1,127 | $1,124 |
| 2011 | $941 | $1,226 | $1,048 | $1,061 |
| 2010 | $955 | $1,245 | $1,076 | $1,077 |
| 2009 | $960 | $1,263 | $1,172 | $1,160 |
| 2007 | $927 | $1,205 | $1,063 | $1,039 |
| 2005 | $910 | $1,169 | $1,016 | $1,018 |
Gloucester County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Gloucester County New Jersey was 5.53% according to Census ACS data.
Rental Vacancy Rate in Gloucester 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% |
| Gloucester County NJ | — | — | — |
Trends in Gloucester County NJ Rental Vacancy Rate
The rental vacancy rate in Gloucester County peaked in 2007 at 11.49%. Since then it has fallen by 5.96% to 5.53%. Data records for this series originated in 2005. From a 2008 post peak low of 4.18%, the rental vacancy rate has increased by 1.35%.
Rental Vacancy Rate: Gloucester County NJ, New Jersey, US
Historical Rental Vacancy Rate data for Gloucester County
| Date | US | New Jersey | Gloucester County NJ |
|---|---|---|---|
| 2019 | 5.97% | 4.23% | — |
| 2018 | 6.15% | 4.42% | 5.53% |
| 2017 | 6.18% | 4.45% | — |
| 2016 | 5.89% | 5.02% | 4.45% |
| 2015 | 5.85% | 5.65% | 7.58% |
| 2014 | 6.32% | 6.09% | 9.31% |
| 2013 | 6.49% | 6.18% | 5.24% |
| 2012 | 6.77% | 5.96% | 8.35% |
| 2011 | 7.40% | 6.99% | 7.54% |
| 2010 | 8.17% | 7.51% | — |
| 2009 | 8.43% | 7.59% | 5.85% |
| 2007 | 7.87% | 6.30% | 11.49% |
| 2005 | 7.74% | 6.43% | 4.54% |
Rent as a Fraction of Income
Using median household income data for Gloucester County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Gloucester County, median monthly gross rent as a fraction of median household income was 16.46% in 2019 according to the ACS.
Gloucester 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% |
| Gloucester County NJ | 16.46% | -2.32% | -0.60% |
Trends in Gloucester County NJ Rent as a Fraction of Income
The fraction of median Gloucester County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 18.78%. Since then it has fallen by 2.32% to 16.46%.
Fraction of Income towards Rent: Gloucester County NJ, New Jersey, US
Historical Data for Annual Rent as a Fraction of Income in Gloucester County New Jersey
| Date | US | New Jersey | Gloucester County NJ |
|---|---|---|---|
| 2019 | 20.03% | 19.26% | 16.46% |
| 2018 | 20.50% | 19.61% | 18.78% |
| 2017 | 20.13% | 19.24% | 15.91% |
| 2016 | 20.43% | 19.61% | 17.07% |
| 2015 | 20.63% | 20.17% | 17.28% |
| 2014 | 20.89% | 20.06% | 15.45% |
| 2013 | 20.78% | 20.03% | 17.14% |
| 2012 | 20.65% | 19.77% | 17.42% |
| 2011 | 20.70% | 20.19% | 16.20% |
| 2010 | 20.50% | 19.75% | 16.39% |
| 2009 | 20.12% | 19.46% | 17.50% |
| 2007 | 18.66% | 18.37% | 15.32% |
| 2005 | 18.89% | 18.19% | 15.13% |
Renter Fraction in Gloucester County New Jersey
You can calculate the renter fraction in Gloucester 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 Gloucester County as a fraction of total Gloucester County households. In 2019 21.83% of households were renters according to Census ACS data.
Gloucester 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% |
| Gloucester County NJ | 21.83% | +1.73% | +0.52% |
Trends in the Gloucester County NJ Renter Fraction
The Gloucester County household renter fraction peaked in in 2013 at 22.25% and is now 0.42% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Gloucester County NJ, New Jersey, US
History of Gloucester County Renter Fraction
| Date | US | New Jersey | Gloucester County NJ |
|---|---|---|---|
| 2019 | 35.89% | 36.65% | 21.83% |
| 2018 | 36.05% | 36.02% | 20.10% |
| 2017 | 36.13% | 36.19% | 19.05% |
| 2016 | 36.88% | 36.77% | 21.31% |
| 2015 | 36.97% | 36.98% | 21.78% |
| 2014 | 36.90% | 36.74% | 21.95% |
| 2013 | 36.50% | 35.95% | 22.25% |
| 2012 | 36.09% | 34.93% | 18.66% |
| 2011 | 35.42% | 34.95% | 20.53% |
| 2010 | 34.65% | 33.59% | 19.92% |
| 2009 | 34.13% | 33.86% | 19.17% |
| 2007 | 32.80% | 32.73% | 19.67% |
| 2005 | 33.10% | 32.71% | 18.02% |
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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