Middlesex County New Jersey Residential Rent and Rental Statistics
The median monthly gross residential rent in Middlesex County NJ was $1,527 in 2019 according to the Census ACS survey.1 Average gross rent in Middlesex County was $1,485 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 Middlesex County median and average rent data will be released in September of 2021.
Data is also available below for Middlesex County rental vacancy rates, Middlesex County rent as a percent of median income and the fraction of renters in Middlesex County.
Real Gross Rent in Middlesex 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% |
| Middlesex County NJ Median Gross Rent | $1,527 | +2.21% | +4.45% |
Middlesex County NJ Real Gross Rent Trends
At $1,527, real median gross rent in Middlesex County was at its highest level in 2019 since the series began in 2005. Average gross rent for Middlesex County peaked in real terms in 2017 at $1,485 and is now $0 (0.00%) lower.
Real Gross Rent: Middlesex County NJ Median, Middlesex County NJ Average, New Jersey Median, US Median
Real Gross Rent History for Middlesex County
| Date | US Median |
New Jersey Median |
Middlesex County NJ Median |
Middlesex County NJ Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,376 | $1,527 | $1,485 |
| 2018 | $1,077 | $1,360 | $1,494 | $1,468 |
| 2017 | $1,043 | $1,324 | $1,495 | $1,485 |
| 2016 | $1,027 | $1,303 | $1,462 | $1,452 |
| 2015 | $1,017 | $1,288 | $1,403 | $1,392 |
| 2014 | $986 | $1,269 | $1,401 | $1,403 |
| 2013 | $953 | $1,233 | $1,321 | $1,346 |
| 2012 | $940 | $1,221 | $1,322 | $1,333 |
| 2011 | $941 | $1,226 | $1,318 | $1,326 |
| 2010 | $955 | $1,245 | $1,342 | $1,388 |
| 2009 | $960 | $1,263 | $1,361 | $1,379 |
| 2007 | $927 | $1,205 | $1,328 | $1,328 |
| 2005 | $910 | $1,169 | $1,281 | $1,294 |
Middlesex 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 Middlesex County New Jersey was 4.28% according to Census ACS data.
Rental Vacancy Rate in Middlesex 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% |
| Middlesex County NJ | 4.28% | +0.86% | +1.09% |
Trends in Middlesex County NJ Rental Vacancy Rate
The rental vacancy rate in Middlesex County peaked in 2005 at 7.63%. Since then it has fallen by 3.35% to 4.28%. Data records for this series originated in 2005. From a 2016 post peak low of 3.19%, the rental vacancy rate has increased by 1.09%.
Rental Vacancy Rate: Middlesex County NJ, New Jersey, US
Historical Rental Vacancy Rate data for Middlesex County
| Date | US | New Jersey | Middlesex County NJ |
|---|---|---|---|
| 2019 | 5.97% | 4.23% | 4.28% |
| 2018 | 6.15% | 4.42% | 3.42% |
| 2017 | 6.18% | 4.45% | 3.24% |
| 2016 | 5.89% | 5.02% | 3.19% |
| 2015 | 5.85% | 5.65% | 4.57% |
| 2014 | 6.32% | 6.09% | 4.45% |
| 2013 | 6.49% | 6.18% | 4.10% |
| 2012 | 6.77% | 5.96% | 4.57% |
| 2011 | 7.40% | 6.99% | 5.69% |
| 2010 | 8.17% | 7.51% | 5.57% |
| 2009 | 8.43% | 7.59% | 6.62% |
| 2007 | 7.87% | 6.30% | 3.43% |
| 2005 | 7.74% | 6.43% | 7.63% |
Rent as a Fraction of Income
Using median household income data for Middlesex County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Middlesex County, median monthly gross rent as a fraction of median household income was 19.62% in 2019 according to the ACS.
Middlesex 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% |
| Middlesex County NJ | 19.62% | -0.34% | -0.72% |
Trends in Middlesex County NJ Rent as a Fraction of Income
The fraction of median Middlesex County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.50%. Since then it has fallen by 0.88% to 19.62%.
Fraction of Income towards Rent: Middlesex County NJ, New Jersey, US
Historical Data for Annual Rent as a Fraction of Income in Middlesex County New Jersey
| Date | US | New Jersey | Middlesex County NJ |
|---|---|---|---|
| 2019 | 20.03% | 19.26% | 19.62% |
| 2018 | 20.50% | 19.61% | 19.96% |
| 2017 | 20.13% | 19.24% | 20.39% |
| 2016 | 20.43% | 19.61% | 20.34% |
| 2015 | 20.63% | 20.17% | 20.19% |
| 2014 | 20.89% | 20.06% | 20.50% |
| 2013 | 20.78% | 20.03% | 19.58% |
| 2012 | 20.65% | 19.77% | 19.25% |
| 2011 | 20.70% | 20.19% | 19.65% |
| 2010 | 20.50% | 19.75% | 18.85% |
| 2009 | 20.12% | 19.46% | 18.97% |
| 2007 | 18.66% | 18.37% | 17.99% |
| 2005 | 18.89% | 18.19% | 18.07% |
Renter Fraction in Middlesex County New Jersey
You can calculate the renter fraction in Middlesex 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 Middlesex County as a fraction of total Middlesex County households. In 2019 36.53% of households were renters according to Census ACS data.
Middlesex 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% |
| Middlesex County NJ | 36.53% | -0.58% | -0.28% |
Trends in the Middlesex County NJ Renter Fraction
The Middlesex County household renter fraction peaked in in 2015 at 37.99% and is now 1.46% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Middlesex County NJ, New Jersey, US
History of Middlesex County Renter Fraction
| Date | US | New Jersey | Middlesex County NJ |
|---|---|---|---|
| 2019 | 35.89% | 36.65% | 36.53% |
| 2018 | 36.05% | 36.02% | 37.11% |
| 2017 | 36.13% | 36.19% | 36.27% |
| 2016 | 36.88% | 36.77% | 36.81% |
| 2015 | 36.97% | 36.98% | 37.99% |
| 2014 | 36.90% | 36.74% | 37.63% |
| 2013 | 36.50% | 35.95% | 36.62% |
| 2012 | 36.09% | 34.93% | 33.88% |
| 2011 | 35.42% | 34.95% | 35.03% |
| 2010 | 34.65% | 33.59% | 33.39% |
| 2009 | 34.13% | 33.86% | 33.19% |
| 2007 | 32.80% | 32.73% | 32.98% |
| 2005 | 33.10% | 32.71% | 32.09% |
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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