Department of Numbers

Camden County New Jersey Residential Rent and Rental Statistics

The median monthly gross residential rent in Camden County NJ was $1,028 in 2017 according to the Census ACS survey.1 Average gross rent in Camden County was $1,053 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 Camden County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Camden 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%
Camden County NJ Median Gross Rent $1,028 -0.10% +1.58%

Camden County NJ Real Gross Rent Trends

Median gross rent for Camden County peaked in real terms in 2016 at $1,029 and is now $1 (0.10%) lower. At $1,053, real average gross rent in Camden County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Camden County

Date US
Median
New Jersey
Median
Camden County NJ
Median
Camden County NJ
Average
2017 $1,012 $1,284 $1,028 $1,053
2016 $996 $1,263 $1,029 $1,045
2015 $987 $1,249 $1,025 $1,030
2014 $956 $1,231 $1,012 $1,051
2013 $924 $1,196 $979 $997
2012 $912 $1,184 $989 $991
2011 $912 $1,189 $974 $978
2010 $927 $1,207 $1,020 $1,039
2009 $931 $1,225 $997 $997
2008 $947 $1,227 $1,022 $1,037
2007 $899 $1,169 $942 $940
2006 $909 $1,160 $969 $953

Camden 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 Camden County New Jersey was 2.88% according to Census ACS data.

Rental Vacancy Rate in Camden 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%
Camden County NJ 2.88% -3.63% -2.80%

Trends in Camden County NJ Rental Vacancy Rate

The rental vacancy rate in Camden County peaked in 2006 at 9.14%. Since then it has fallen by 6.26% to 2.88%. Data records for this series originated in 2005. From a 2010 post peak low of 2.01%, the rental vacancy rate has increased by 0.87%.

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

Rental vacancy rate in New Jersey

Historical Rental Vacancy Rate data for Camden County

Date US New Jersey Camden County NJ
2017 6.18% 4.45% 2.88%
2016 5.89% 5.02% 6.51%
2015 5.85% 5.65% 4.34%
2014 6.32% 6.09% 5.68%
2013 6.49% 6.18% 3.62%
2012 6.77% 5.96% 5.52%
2011 7.40% 6.99% 3.38%
2010 8.17% 7.51% 2.01%
2009 8.43% 7.59% 3.89%
2008 7.86% 7.27% 7.33%
2007 7.87% 6.30% 5.31%
2006 7.70% 6.41% 9.14%

Rent as a Fraction of Income

Using median household income data for Camden County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Camden County, median monthly gross rent as a fraction of median household income was 18.64% in 2017 according to the ACS.

Camden 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%
Camden County NJ 18.64% +0.32% -0.39%

Trends in Camden County NJ Rent as a Fraction of Income

The fraction of median Camden County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 19.84%. Since then it has fallen by 1.20% to 18.64%.

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

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

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

Date US New Jersey Camden County NJ
2017 20.13% 19.24% 18.64%
2016 20.43% 19.61% 18.32%
2015 20.63% 20.17% 18.38%
2014 20.89% 20.06% 19.02%
2013 20.78% 20.03% 19.84%
2012 20.65% 19.77% 19.41%
2011 20.70% 20.19% 19.31%
2010 20.50% 19.75% 19.69%
2009 20.12% 19.46% 17.76%
2008 19.00% 18.21% 17.49%
2007 18.66% 18.37% 16.74%
2006 18.90% 18.13% 17.16%

Renter Fraction in Camden County New Jersey

You can calculate the renter fraction in Camden 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 Camden County as a fraction of total Camden County households. In 2017 33.97% of households were renters according to Census ACS data.

Camden 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%
Camden County NJ 33.97% +1.50% +0.92%

Trends in the Camden County NJ Renter Fraction

The Camden County household renter fraction peaked in in 2013 at 34.01% and is now 0.04% below that level. The origin year for the series is 2005.

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

Fraction of renters in Camden County

History of Camden County Renter Fraction

Date US New Jersey Camden County NJ
2017 36.13% 36.19% 33.97%
2016 36.88% 36.77% 32.47%
2015 36.97% 36.98% 33.02%
2014 36.90% 36.74% 33.05%
2013 36.50% 35.95% 34.01%
2012 36.09% 34.93% 31.84%
2011 35.42% 34.95% 32.26%
2010 34.65% 33.59% 32.93%
2009 34.13% 33.86% 30.54%
2008 33.36% 32.98% 30.90%
2007 32.80% 32.73% 30.70%
2006 32.73% 32.70% 29.21%

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.