Cumberland County New Jersey Residential Rent and Rental Statistics
The median monthly gross residential rent in Cumberland County NJ was $1,143 in 2019 according to the Census ACS survey.1 Average gross rent in Cumberland County was $1,054 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Cumberland County median and average rent data will be released in September of 2021.
Data is also available below for Cumberland County rental vacancy rates, Cumberland County rent as a percent of median income and the fraction of renters in Cumberland County.
Real Gross Rent in Cumberland County 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% |
| Cumberland County NJ Median Gross Rent | $1,143 | +6.52% | +11.84% |
Cumberland County NJ Real Gross Rent Trends
At $1,143, real median gross rent in Cumberland County was at its highest level in 2019 since the series began in 2005. At $1,054, real average gross rent in Cumberland County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Cumberland County NJ Median, Cumberland County NJ Average, New Jersey Median, US Median
Real Gross Rent History for Cumberland County
| Date | US Median |
New Jersey Median |
Cumberland County NJ Median |
Cumberland County NJ Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,376 | $1,143 | $1,054 |
| 2018 | $1,077 | $1,360 | $1,073 | $1,019 |
| 2017 | $1,043 | $1,324 | $1,086 | $1,009 |
| 2016 | $1,027 | $1,303 | $1,022 | $995 |
| 2015 | $1,017 | $1,288 | $1,040 | $983 |
| 2014 | $986 | $1,269 | $999 | $996 |
| 2013 | $953 | $1,233 | $1,012 | $935 |
| 2012 | $940 | $1,221 | $1,023 | $965 |
| 2011 | $941 | $1,226 | $1,034 | $1,000 |
| 2010 | $955 | $1,245 | $1,009 | $913 |
| 2009 | $960 | $1,263 | $996 | $981 |
| 2007 | $927 | $1,205 | $960 | $882 |
| 2005 | $910 | $1,169 | $894 | $800 |
Cumberland County 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 Cumberland County New Jersey was 3.63% according to Census ACS data.
Rental Vacancy Rate in Cumberland County New Jersey
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New Jersey | 4.23% | -0.19% | -0.79% |
| Cumberland County NJ | 3.63% | -0.65% | +0.88% |
Trends in Cumberland County NJ Rental Vacancy Rate
The rental vacancy rate in Cumberland County peaked in 2012 at 10.25%. Since then it has fallen by 6.62% to 3.63%. Data records for this series originated in 2005. From a 2016 post peak low of 2.75%, the rental vacancy rate has increased by 0.88%.
Rental Vacancy Rate: Cumberland County NJ, New Jersey, US
Historical Rental Vacancy Rate data for Cumberland County
| Date | US | New Jersey | Cumberland County NJ |
|---|---|---|---|
| 2019 | 5.97% | 4.23% | 3.63% |
| 2018 | 6.15% | 4.42% | 4.28% |
| 2017 | 6.18% | 4.45% | 2.92% |
| 2016 | 5.89% | 5.02% | 2.75% |
| 2015 | 5.85% | 5.65% | — |
| 2014 | 6.32% | 6.09% | — |
| 2013 | 6.49% | 6.18% | 6.60% |
| 2012 | 6.77% | 5.96% | 10.25% |
| 2011 | 7.40% | 6.99% | 9.15% |
| 2010 | 8.17% | 7.51% | 5.87% |
| 2009 | 8.43% | 7.59% | 9.39% |
| 2007 | 7.87% | 6.30% | 7.89% |
| 2005 | 7.74% | 6.43% | — |
Rent as a Fraction of Income
Using median household income data for Cumberland County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cumberland County, median monthly gross rent as a fraction of median household income was 25.13% in 2019 according to the ACS.
Cumberland County 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% |
| Cumberland County NJ | 25.13% | +1.17% | +1.28% |
Trends in Cumberland County NJ Rent as a Fraction of Income
Cumberland County renters paid 25.13% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.
Fraction of Income towards Rent: Cumberland County NJ, New Jersey, US
Historical Data for Annual Rent as a Fraction of Income in Cumberland County New Jersey
| Date | US | New Jersey | Cumberland County NJ |
|---|---|---|---|
| 2019 | 20.03% | 19.26% | 25.13% |
| 2018 | 20.50% | 19.61% | 23.96% |
| 2017 | 20.13% | 19.24% | 24.01% |
| 2016 | 20.43% | 19.61% | 23.85% |
| 2015 | 20.63% | 20.17% | 22.92% |
| 2014 | 20.89% | 20.06% | 25.04% |
| 2013 | 20.78% | 20.03% | 25.08% |
| 2012 | 20.65% | 19.77% | 24.52% |
| 2011 | 20.70% | 20.19% | 22.28% |
| 2010 | 20.50% | 19.75% | 20.99% |
| 2009 | 20.12% | 19.46% | 21.42% |
| 2007 | 18.66% | 18.37% | 20.47% |
| 2005 | 18.89% | 18.19% | 18.63% |
Renter Fraction in Cumberland County New Jersey
You can calculate the renter fraction in Cumberland 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 Cumberland County as a fraction of total Cumberland County households. In 2019 34.18% of households were renters according to Census ACS data.
Cumberland County 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% |
| Cumberland County NJ | 34.18% | +1.67% | -5.02% |
Trends in the Cumberland County NJ Renter Fraction
The Cumberland County household renter fraction peaked in in 2016 at 39.20% and is now 5.02% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Cumberland County NJ, New Jersey, US
History of Cumberland County Renter Fraction
| Date | US | New Jersey | Cumberland County NJ |
|---|---|---|---|
| 2019 | 35.89% | 36.65% | 34.18% |
| 2018 | 36.05% | 36.02% | 32.51% |
| 2017 | 36.13% | 36.19% | 33.80% |
| 2016 | 36.88% | 36.77% | 39.20% |
| 2015 | 36.97% | 36.98% | 34.74% |
| 2014 | 36.90% | 36.74% | 38.09% |
| 2013 | 36.50% | 35.95% | 37.04% |
| 2012 | 36.09% | 34.93% | 32.08% |
| 2011 | 35.42% | 34.95% | 31.07% |
| 2010 | 34.65% | 33.59% | 33.88% |
| 2009 | 34.13% | 33.86% | 32.28% |
| 2007 | 32.80% | 32.73% | 30.49% |
| 2005 | 33.10% | 32.71% | 31.19% |
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. ↩
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