Department of Numbers

Atlantic County New Jersey Residential Rent and Rental Statistics

The median monthly gross residential rent in Atlantic County NJ was $1,031 in 2017 according to the Census ACS survey.1 Average gross rent in Atlantic County was $1,018 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Atlantic County median and average rent data will be released in September of 2019.

Data is also available below for Atlantic County rental vacancy rates, Atlantic County rent as a percent of median income and the fraction of renters in Atlantic County.

Show dollars as: Nominal Real

Real Gross Rent in Atlantic County New Jersey (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
New Jersey Median Gross Rent $1,284 +1.66% +4.31%
Atlantic County NJ Median Gross Rent $1,031 -2.09% -1.06%

Atlantic County NJ Real Gross Rent Trends

Median gross rent for Atlantic County peaked in real terms in 2015 at $1,101 and is now $70 (6.36%) lower. Average gross rent for Atlantic County peaked in real terms in 2015 at $1,084 and is now $66 (6.09%) lower.

Real Gross Rent: Atlantic County NJ Median, Atlantic County NJ Average, New Jersey Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Atlantic County

Date US
Median
New Jersey
Median
Atlantic County NJ
Median
Atlantic County NJ
Average
2017 $1,012 $1,284 $1,031 $1,018
2016 $996 $1,263 $1,053 $1,044
2015 $987 $1,249 $1,101 $1,084
2014 $956 $1,231 $1,042 $1,033
2013 $924 $1,196 $1,045 $1,022
2012 $912 $1,184 $1,066 $1,007
2011 $912 $1,189 $1,062 $1,020
2010 $927 $1,207 $1,076 $1,020
2009 $931 $1,225 $1,052 $1,056
2008 $947 $1,227 $1,061 $1,038
2007 $899 $1,169 $1,043 $1,030
2006 $909 $1,160 $1,067 $1,050

Atlantic County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Atlantic County New Jersey was 5.71% according to Census ACS data.

Rental Vacancy Rate in Atlantic County New Jersey

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
New Jersey 4.45% -0.57% -1.64%
Atlantic County NJ 5.71% -3.06% +0.85%

Trends in Atlantic County NJ Rental Vacancy Rate

The rental vacancy rate in Atlantic County peaked in 2005 at 14.97%. Since then it has fallen by 9.26% to 5.71%. Data records for this series originated in 2005. From a 2014 post peak low of 4.86%, the rental vacancy rate has increased by 0.85%.

Rental Vacancy Rate: Atlantic County NJ, New Jersey, US

Rental vacancy rate in New Jersey

Historical Rental Vacancy Rate data for Atlantic County

Date US New Jersey Atlantic County NJ
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%

Rent as a Fraction of Income

Using median household income data for Atlantic County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Atlantic County, median monthly gross rent as a fraction of median household income was 20.03% in 2017 according to the ACS.

Atlantic County New Jersey Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
New Jersey 19.24% -0.37% -0.82%
Atlantic County NJ 20.03% -1.89% -2.06%

Trends in Atlantic County NJ Rent as a Fraction of Income

The fraction of median Atlantic County 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 4.19% to 20.03%.

Fraction of Income towards Rent: Atlantic County NJ, New Jersey, US

Percent of median household income going towards median monthly gross rent in Atlantic County New Jersey

Historical Data for Annual Rent as a Fraction of Income in Atlantic County New Jersey

Date US New Jersey Atlantic County NJ
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%

Renter Fraction in Atlantic County New Jersey

You can calculate the renter fraction in Atlantic 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 Atlantic County as a fraction of total Atlantic County households. In 2017 35.50% of households were renters according to Census ACS data.

Atlantic County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
New Jersey 36.19% -0.58% -0.55%
Atlantic County NJ 35.50% +3.14% +2.19%

Trends in the Atlantic County NJ Renter Fraction

At 35.50%, the 2017 household based renter fraction in Atlantic County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Atlantic County NJ, New Jersey, US

Fraction of renters in Atlantic County

History of Atlantic County Renter Fraction

Date US New Jersey Atlantic County NJ
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%

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.