Sussex County New Jersey Residential Rent and Rental Statistics
The median monthly gross residential rent in Sussex County NJ was $1,374 in 2019 according to the Census ACS survey.1 Average gross rent in Sussex County was $1,350 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 Sussex County median and average rent data will be released in September of 2021.
Data is also available below for Sussex County rental vacancy rates, Sussex County rent as a percent of median income and the fraction of renters in Sussex County.
Real Gross Rent in Sussex 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% |
| Sussex County NJ Median Gross Rent | $1,374 | +0.44% | +4.73% |
Sussex County NJ Real Gross Rent Trends
Median gross rent for Sussex County peaked in real terms in 2017 at $1,383 and is now $9 (0.65%) lower. Average gross rent for Sussex County peaked in real terms in 2010 at $1,378 and is now $28 (2.03%) lower.
Real Gross Rent: Sussex County NJ Median, Sussex County NJ Average, New Jersey Median, US Median
Real Gross Rent History for Sussex County
| Date | US Median |
New Jersey Median |
Sussex County NJ Median |
Sussex County NJ Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,376 | $1,374 | $1,350 |
| 2018 | $1,077 | $1,360 | $1,368 | $1,335 |
| 2017 | $1,043 | $1,324 | $1,383 | $1,291 |
| 2016 | $1,027 | $1,303 | $1,312 | $1,319 |
| 2015 | $1,017 | $1,288 | $1,229 | $1,185 |
| 2014 | $986 | $1,269 | $1,261 | $1,230 |
| 2013 | $953 | $1,233 | $1,232 | $1,117 |
| 2012 | $940 | $1,221 | $1,291 | $1,252 |
| 2011 | $941 | $1,226 | $1,241 | $1,284 |
| 2010 | $955 | $1,245 | $1,273 | $1,378 |
| 2009 | $960 | $1,263 | $1,136 | $1,049 |
| 2007 | $927 | $1,205 | $1,290 | $1,252 |
| 2005 | $910 | $1,169 | $1,331 | $1,245 |
Sussex 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 Sussex County New Jersey was 17.44% according to Census ACS data.
Rental Vacancy Rate in Sussex 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% |
| Sussex County NJ | 17.44% | +5.54% | +8.54% |
Trends in Sussex County NJ Rental Vacancy Rate
At 17.44%, Sussex County residential rental vacancy rate in 2019 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Sussex County NJ, New Jersey, US
Historical Rental Vacancy Rate data for Sussex County
| Date | US | New Jersey | Sussex County NJ |
|---|---|---|---|
| 2019 | 5.97% | 4.23% | 17.44% |
| 2018 | 6.15% | 4.42% | 11.90% |
| 2017 | 6.18% | 4.45% | 8.04% |
| 2016 | 5.89% | 5.02% | 8.90% |
| 2015 | 5.85% | 5.65% | 2.54% |
| 2014 | 6.32% | 6.09% | 8.69% |
| 2013 | 6.49% | 6.18% | 5.08% |
| 2012 | 6.77% | 5.96% | 9.57% |
| 2011 | 7.40% | 6.99% | 11.87% |
| 2010 | 8.17% | 7.51% | 11.36% |
| 2009 | 8.43% | 7.59% | 6.90% |
| 2007 | 7.87% | 6.30% | 2.42% |
| 2005 | 7.74% | 6.43% | — |
Rent as a Fraction of Income
Using median household income data for Sussex County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sussex County, median monthly gross rent as a fraction of median household income was 16.30% in 2019 according to the ACS.
Sussex 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% |
| Sussex County NJ | 16.30% | -1.07% | -0.82% |
Trends in Sussex County NJ Rent as a Fraction of Income
The fraction of median Sussex County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 17.87%. Since then it has fallen by 1.57% to 16.30%.
Fraction of Income towards Rent: Sussex County NJ, New Jersey, US
Historical Data for Annual Rent as a Fraction of Income in Sussex County New Jersey
| Date | US | New Jersey | Sussex County NJ |
|---|---|---|---|
| 2019 | 20.03% | 19.26% | 16.30% |
| 2018 | 20.50% | 19.61% | 17.38% |
| 2017 | 20.13% | 19.24% | 17.87% |
| 2016 | 20.43% | 19.61% | 17.12% |
| 2015 | 20.63% | 20.17% | 16.35% |
| 2014 | 20.89% | 20.06% | 17.46% |
| 2013 | 20.78% | 20.03% | 15.88% |
| 2012 | 20.65% | 19.77% | 16.82% |
| 2011 | 20.70% | 20.19% | 16.45% |
| 2010 | 20.50% | 19.75% | 16.25% |
| 2009 | 20.12% | 19.46% | 14.93% |
| 2007 | 18.66% | 18.37% | 16.77% |
| 2005 | 18.89% | 18.19% | 17.17% |
Renter Fraction in Sussex County New Jersey
You can calculate the renter fraction in Sussex 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 Sussex County as a fraction of total Sussex County households. In 2019 12.92% of households were renters according to Census ACS data.
Sussex 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% |
| Sussex County NJ | 12.92% | -2.62% | -5.20% |
Trends in the Sussex County NJ Renter Fraction
The Sussex County household renter fraction peaked in in 2015 at 18.26% and is now 5.34% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Sussex County NJ, New Jersey, US
History of Sussex County Renter Fraction
| Date | US | New Jersey | Sussex County NJ |
|---|---|---|---|
| 2019 | 35.89% | 36.65% | 12.92% |
| 2018 | 36.05% | 36.02% | 15.54% |
| 2017 | 36.13% | 36.19% | 17.73% |
| 2016 | 36.88% | 36.77% | 18.12% |
| 2015 | 36.97% | 36.98% | 18.26% |
| 2014 | 36.90% | 36.74% | 17.05% |
| 2013 | 36.50% | 35.95% | 16.50% |
| 2012 | 36.09% | 34.93% | 14.92% |
| 2011 | 35.42% | 34.95% | 16.41% |
| 2010 | 34.65% | 33.59% | 15.29% |
| 2009 | 34.13% | 33.86% | 15.11% |
| 2007 | 32.80% | 32.73% | 15.34% |
| 2005 | 33.10% | 32.71% | 15.24% |
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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