Department of Numbers

Bergen County New Jersey Residential Rent and Rental Statistics

The median monthly gross residential rent in Bergen County NJ was $1,459 in 2017 according to the Census ACS survey.1 Average gross rent in Bergen County was $1,503 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 Bergen County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Bergen 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%
Bergen County NJ Median Gross Rent $1,459 -0.27% +7.04%

Bergen County NJ Real Gross Rent Trends

Median gross rent for Bergen County peaked in real terms in 2016 at $1,463 and is now $4 (0.27%) lower. Average gross rent for Bergen County peaked in real terms in 2016 at $1,547 and is now $44 (2.84%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bergen County

Date US
Median
New Jersey
Median
Bergen County NJ
Median
Bergen County NJ
Average
2017 $1,012 $1,284 $1,459 $1,503
2016 $996 $1,263 $1,463 $1,547
2015 $987 $1,249 $1,440 $1,524
2014 $956 $1,231 $1,363 $1,411
2013 $924 $1,196 $1,376 $1,421
2012 $912 $1,184 $1,336 $1,400
2011 $912 $1,189 $1,352 $1,407
2010 $927 $1,207 $1,355 $1,440
2009 $931 $1,225 $1,394 $1,481
2008 $947 $1,227 $1,407 $1,497
2007 $899 $1,169 $1,384 $1,432
2006 $909 $1,160 $1,302 $1,350

Bergen 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 Bergen County New Jersey was 3.62% according to Census ACS data.

Rental Vacancy Rate in Bergen 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%
Bergen County NJ 3.62% -0.11% -0.02%

Trends in Bergen County NJ Rental Vacancy Rate

The rental vacancy rate in Bergen County peaked in 2009 at 5.21%. Since then it has fallen by 1.59% to 3.62%. Data records for this series originated in 2005. From a 2013 post peak low of 3.28%, the rental vacancy rate has increased by 0.34%.

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

Rental vacancy rate in New Jersey

Historical Rental Vacancy Rate data for Bergen County

Date US New Jersey Bergen County NJ
2017 6.18% 4.45% 3.62%
2016 5.89% 5.02% 3.73%
2015 5.85% 5.65% 3.62%
2014 6.32% 6.09% 3.64%
2013 6.49% 6.18% 3.28%
2012 6.77% 5.96% 3.80%
2011 7.40% 6.99% 4.78%
2010 8.17% 7.51% 5.15%
2009 8.43% 7.59% 5.21%
2008 7.86% 7.27% 4.92%
2007 7.87% 6.30% 3.59%
2006 7.70% 6.41% 4.81%

Rent as a Fraction of Income

Using median household income data for Bergen County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bergen County, median monthly gross rent as a fraction of median household income was 18.60% in 2017 according to the ACS.

Bergen 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%
Bergen County NJ 18.60% +0.15% -0.26%

Trends in Bergen County NJ Rent as a Fraction of Income

The fraction of median Bergen County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 19.79%. Since then it has fallen by 1.19% to 18.60%.

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

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

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

Date US New Jersey Bergen County NJ
2017 20.13% 19.24% 18.60%
2016 20.43% 19.61% 18.46%
2015 20.63% 20.17% 18.87%
2014 20.89% 20.06% 18.86%
2013 20.78% 20.03% 19.79%
2012 20.65% 19.77% 18.78%
2011 20.70% 20.19% 19.54%
2010 20.50% 19.75% 19.38%
2009 20.12% 19.46% 18.70%
2008 19.00% 18.21% 17.85%
2007 18.66% 18.37% 18.12%
2006 18.90% 18.13% 17.29%

Renter Fraction in Bergen County New Jersey

You can calculate the renter fraction in Bergen 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 Bergen County as a fraction of total Bergen County households. In 2017 36.21% of households were renters according to Census ACS data.

Bergen 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%
Bergen County NJ 36.21% -0.10% -0.79%

Trends in the Bergen County NJ Renter Fraction

The Bergen County household renter fraction peaked in in 2014 at 37.00% and is now 0.79% below that level. The origin year for the series is 2005.

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

Fraction of renters in Bergen County

History of Bergen County Renter Fraction

Date US New Jersey Bergen County NJ
2017 36.13% 36.19% 36.21%
2016 36.88% 36.77% 36.31%
2015 36.97% 36.98% 35.52%
2014 36.90% 36.74% 37.00%
2013 36.50% 35.95% 35.43%
2012 36.09% 34.93% 34.75%
2011 35.42% 34.95% 35.62%
2010 34.65% 33.59% 33.88%
2009 34.13% 33.86% 34.12%
2008 33.36% 32.98% 32.05%
2007 32.80% 32.73% 30.66%
2006 32.73% 32.70% 31.98%

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.