Department of Numbers

Burlington County New Jersey Residential Rent and Rental Statistics

The median monthly gross residential rent in Burlington County NJ was $1,341 in 2017 according to the Census ACS survey.1 Average gross rent in Burlington County was $1,340 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 Burlington County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Burlington 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%
Burlington County NJ Median Gross Rent $1,341 +9.38% +8.50%

Burlington County NJ Real Gross Rent Trends

At $1,341, real median gross rent in Burlington County was at its highest level in 2017 since the series began in 2005. At $1,340, real average gross rent in Burlington County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Burlington County

Date US
Median
New Jersey
Median
Burlington County NJ
Median
Burlington County NJ
Average
2017 $1,012 $1,284 $1,341 $1,340
2016 $996 $1,263 $1,226 $1,292
2015 $987 $1,249 $1,270 $1,291
2014 $956 $1,231 $1,236 $1,268
2013 $924 $1,196 $1,246 $1,278
2012 $912 $1,184 $1,178 $1,183
2011 $912 $1,189 $1,199 $1,241
2010 $927 $1,207 $1,254 $1,270
2009 $931 $1,225 $1,221 $1,260
2008 $947 $1,227 $1,245 $1,266
2007 $899 $1,169 $1,137 $1,145
2006 $909 $1,160 $1,177 $1,187

Burlington 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 Burlington County New Jersey was 4.80% according to Census ACS data.

Rental Vacancy Rate in Burlington 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%
Burlington County NJ 4.80% +0.53% +0.02%

Trends in Burlington County NJ Rental Vacancy Rate

The rental vacancy rate in Burlington County peaked in 2010 at 7.71%. Since then it has fallen by 2.91% to 4.80%. Data records for this series originated in 2005. From a 2015 post peak low of 4.27%, the rental vacancy rate has increased by 0.53%.

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

Rental vacancy rate in New Jersey

Historical Rental Vacancy Rate data for Burlington County

Date US New Jersey Burlington County NJ
2017 6.18% 4.45% 4.80%
2016 5.89% 5.02% 4.27%
2015 5.85% 5.65% 4.27%
2014 6.32% 6.09% 4.78%
2013 6.49% 6.18% 6.45%
2012 6.77% 5.96% 6.55%
2011 7.40% 6.99% 6.07%
2010 8.17% 7.51% 7.71%
2009 8.43% 7.59% 5.05%
2008 7.86% 7.27% 6.26%
2007 7.87% 6.30% 5.48%
2006 7.70% 6.41% 6.06%

Rent as a Fraction of Income

Using median household income data for Burlington County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Burlington County, median monthly gross rent as a fraction of median household income was 18.35% in 2017 according to the ACS.

Burlington 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%
Burlington County NJ 18.35% +0.31% +0.45%

Trends in Burlington County NJ Rent as a Fraction of Income

The fraction of median Burlington County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 19.80%. Since then it has fallen by 1.44% to 18.35%.

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

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

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

Date US New Jersey Burlington County NJ
2017 20.13% 19.24% 18.35%
2016 20.43% 19.61% 18.05%
2015 20.63% 20.17% 19.80%
2014 20.89% 20.06% 17.90%
2013 20.78% 20.03% 18.92%
2012 20.65% 19.77% 18.35%
2011 20.70% 20.19% 18.85%
2010 20.50% 19.75% 18.68%
2009 20.12% 19.46% 17.70%
2008 19.00% 18.21% 16.79%
2007 18.66% 18.37% 16.28%
2006 18.90% 18.13% 17.41%

Renter Fraction in Burlington County New Jersey

You can calculate the renter fraction in Burlington 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 Burlington County as a fraction of total Burlington County households. In 2017 25.11% of households were renters according to Census ACS data.

Burlington 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%
Burlington County NJ 25.11% +0.90% +0.57%

Trends in the Burlington County NJ Renter Fraction

The Burlington County household renter fraction peaked in in 2015 at 26.92% and is now 1.81% below that level. The origin year for the series is 2005.

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

Fraction of renters in Burlington County

History of Burlington County Renter Fraction

Date US New Jersey Burlington County NJ
2017 36.13% 36.19% 25.11%
2016 36.88% 36.77% 24.21%
2015 36.97% 36.98% 26.92%
2014 36.90% 36.74% 24.54%
2013 36.50% 35.95% 21.50%
2012 36.09% 34.93% 23.34%
2011 35.42% 34.95% 22.69%
2010 34.65% 33.59% 21.11%
2009 34.13% 33.86% 22.38%
2008 33.36% 32.98% 21.23%
2007 32.80% 32.73% 22.38%
2006 32.73% 32.70% 21.55%

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.