Data is also available below for Atlantic City rental vacancy rates, Atlantic City rent as a percent of median income and the fraction of renters in Atlantic City.
Show dollars as: Nominal Real
Real Gross Rent in Atlantic City 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% |
Atlantic City, NJ Median Gross Rent | $1,116 | +3.14% | +2.76% |
Atlantic City, NJ Real Gross Rent Trends
Median gross rent for Atlantic City peaked in real terms in 2015 at $1,135 and is now $19 (1.67%) lower. Average gross rent for Atlantic City peaked in real terms in 2015 at $1,118 and is now $13 (1.16%) lower.
Real Gross Rent in Atlantic City: Atlantic City NJ Median, Atlantic City NJ Average, New Jersey Median, US Median
Real Gross Rent History for Atlantic City
Date | US Median |
New Jersey Median |
Atlantic City, NJ Median |
Atlantic City, NJ Average |
---|---|---|---|---|
2019 | $1,097 | $1,376 | $1,116 | $1,105 |
2018 | $1,077 | $1,360 | $1,082 | $1,090 |
2017 | $1,043 | $1,324 | $1,063 | $1,050 |
2016 | $1,027 | $1,303 | $1,086 | $1,076 |
2015 | $1,017 | $1,288 | $1,135 | $1,118 |
2014 | $986 | $1,269 | $1,075 | $1,065 |
2013 | $953 | $1,233 | $1,077 | $1,054 |
2012 | $940 | $1,221 | $1,099 | $1,038 |
2011 | $941 | $1,226 | $1,095 | $1,052 |
2010 | $955 | $1,245 | $1,110 | $1,052 |
2009 | $960 | $1,263 | $1,085 | $1,088 |
2008 | $976 | $1,265 | $1,094 | $1,071 |
2007 | $927 | $1,205 | $1,075 | $1,062 |
2006 | $937 | $1,196 | $1,100 | $1,083 |
2005 | $910 | $1,169 | $1,044 | $968 |
Atlantic City 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 Atlantic City New Jersey was 5.35% according to Census ACS data.
Rental Vacancy Rate in Atlantic City New Jersey
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 5.97% | -0.18% | +0.08% |
New Jersey | 4.23% | -0.19% | -0.79% |
Atlantic City, NJ | 5.35% | -3.68% | -3.42% |
Trends in Atlantic City, NJ Rental Vacancy Rate
The rental vacancy rate in Atlantic City peaked in 2005 at 14.97%. Since then it has fallen by 9.62% to 5.35%. Data records for this series originated in 2005. From a 2014 post peak low of 4.86%, the rental vacancy rate has increased by 0.49%.
Rental Vacancy Rate: Atlantic City NJ, New Jersey, US
Historical Rental Vacancy Rate data for Atlantic City
Date | US | New Jersey | Atlantic City, NJ |
---|---|---|---|
2019 | 5.97% | 4.23% | 5.35% |
2018 | 6.15% | 4.42% | 9.03% |
2017 | 6.18% | 4.45% | 5.71% |
2016 | 5.89% | 5.02% | 8.77% |
2015 | 5.85% | 5.65% | 7.58% |
2014 | 6.32% | 6.09% | 4.86% |
2013 | 6.49% | 6.18% | 7.22% |
2012 | 6.77% | 5.96% | 6.78% |
2011 | 7.40% | 6.99% | 9.77% |
2010 | 8.17% | 7.51% | 10.63% |
2009 | 8.43% | 7.59% | 13.76% |
2008 | 7.86% | 7.27% | 6.58% |
2007 | 7.87% | 6.30% | 6.66% |
2006 | 7.70% | 6.41% | 6.63% |
2005 | 7.74% | 6.43% | 14.97% |
Rent as a Fraction of Income
Using median household income data for Atlantic City, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Atlantic City, median monthly gross rent as a fraction of median household income was 21.13% in 2019 according to the ACS.
Atlantic City 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% |
Atlantic City, NJ | 21.13% | +0.29% | -0.79% |
Trends in Atlantic City, NJ Rent as a Fraction of Income
The fraction of median Atlantic City household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 24.22%. Since then it has fallen by 3.09% to 21.13%.
Fraction of Income towards Rent: Atlantic City NJ, New Jersey, US
Historical Data for Annual Rent as a Fraction of Income in Atlantic City New Jersey
Date | US | New Jersey | Atlantic City, NJ |
---|---|---|---|
2019 | 20.03% | 19.26% | 21.13% |
2018 | 20.50% | 19.61% | 20.84% |
2017 | 20.13% | 19.24% | 20.03% |
2016 | 20.43% | 19.61% | 21.92% |
2015 | 20.63% | 20.17% | 23.75% |
2014 | 20.89% | 20.06% | 22.09% |
2013 | 20.78% | 20.03% | 23.55% |
2012 | 20.65% | 19.77% | 24.22% |
2011 | 20.70% | 20.19% | 23.94% |
2010 | 20.50% | 19.75% | 22.67% |
2009 | 20.12% | 19.46% | 21.61% |
2008 | 19.00% | 18.21% | 21.04% |
2007 | 18.66% | 18.37% | 19.69% |
2006 | 18.90% | 18.13% | 20.59% |
2005 | 18.89% | 18.19% | 19.89% |
Renter Fraction in Atlantic City New Jersey
You can calculate the renter fraction in Atlantic City 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 Atlantic City as a fraction of total Atlantic City households. In 2019 33.65% of households were renters according to Census ACS data.
Atlantic City 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% |
Atlantic City, NJ | 33.65% | +2.59% | +1.29% |
Trends in the Atlantic City, NJ Renter Fraction
The Atlantic City household renter fraction peaked in in 2017 at 35.50% and is now 1.85% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Atlantic City NJ, New Jersey, US
History of Atlantic City Renter Fraction
Date | US | New Jersey | Atlantic City, NJ |
---|---|---|---|
2019 | 35.89% | 36.65% | 33.65% |
2018 | 36.05% | 36.02% | 31.06% |
2017 | 36.13% | 36.19% | 35.50% |
2016 | 36.88% | 36.77% | 32.36% |
2015 | 36.97% | 36.98% | 32.08% |
2014 | 36.90% | 36.74% | 33.31% |
2013 | 36.50% | 35.95% | 33.50% |
2012 | 36.09% | 34.93% | 35.15% |
2011 | 35.42% | 34.95% | 33.09% |
2010 | 34.65% | 33.59% | 26.56% |
2009 | 34.13% | 33.86% | 29.34% |
2008 | 33.36% | 32.98% | 27.67% |
2007 | 32.80% | 32.73% | 30.19% |
2006 | 32.73% | 32.70% | 31.70% |
2005 | 33.10% | 32.71% | 32.11% |
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. ↩