Department of Numbers

Cumberland County New Jersey Residential Rent and Rental Statistics

The median monthly gross residential rent in Cumberland County NJ was $1,053 in 2017 according to the Census ACS survey.1 Average gross rent in Cumberland County was $979 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 Cumberland County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Cumberland 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%
Cumberland County NJ Median Gross Rent $1,053 +6.26% +8.67%

Cumberland County NJ Real Gross Rent Trends

At $1,053, real median gross rent in Cumberland County was at its highest level in 2017 since the series began in 2005. At $979, real average gross rent in Cumberland County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cumberland County

Date US
Median
New Jersey
Median
Cumberland County NJ
Median
Cumberland County NJ
Average
2017 $1,012 $1,284 $1,053 $979
2016 $996 $1,263 $991 $965
2015 $987 $1,249 $1,008 $954
2014 $956 $1,231 $969 $966
2013 $924 $1,196 $981 $907
2012 $912 $1,184 $993 $936
2011 $912 $1,189 $1,002 $970
2010 $927 $1,207 $979 $885
2009 $931 $1,225 $966 $952
2008 $947 $1,227 $958 $924
2007 $899 $1,169 $931 $856
2006 $909 $1,160 $927 $842

Cumberland 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 Cumberland County New Jersey was 2.92% according to Census ACS data.

Rental Vacancy Rate in Cumberland 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%
Cumberland County NJ 2.92% +0.17%

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 7.33% to 2.92%. Data records for this series originated in 2005. From a 2016 post peak low of 2.75%, the rental vacancy rate has increased by 0.17%.

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

Rental vacancy rate in New Jersey

Historical Rental Vacancy Rate data for Cumberland County

Date US New Jersey Cumberland County NJ
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%
2008 7.86% 7.27% 7.12%
2007 7.87% 6.30% 7.89%
2006 7.70% 6.41% 7.24%

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 24.01% in 2017 according to the ACS.

Cumberland 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%
Cumberland County NJ 24.01% +0.16% -1.03%

Trends in Cumberland County NJ Rent as a Fraction of Income

The fraction of median Cumberland County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 25.08%. Since then it has fallen by 1.07% to 24.01%.

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

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

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

Date US New Jersey Cumberland County NJ
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%
2008 19.00% 18.21% 19.69%
2007 18.66% 18.37% 20.47%
2006 18.90% 18.13% 19.68%

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 2017 33.80% of households were renters according to Census ACS data.

Cumberland 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%
Cumberland County NJ 33.80% -5.40% -4.29%

Trends in the Cumberland County NJ Renter Fraction

The Cumberland County household renter fraction peaked in in 2016 at 39.20% and is now 5.40% below that level. The origin year for the series is 2005.

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

Fraction of renters in Cumberland County

History of Cumberland County Renter Fraction

Date US New Jersey Cumberland County NJ
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%
2008 33.36% 32.98% 31.54%
2007 32.80% 32.73% 30.49%
2006 32.73% 32.70% 33.39%

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.