Department of Numbers

Gloucester County New Jersey Residential Rent and Rental Statistics

The median monthly gross residential rent in Gloucester County NJ was $1,147 in 2017 according to the Census ACS survey.1 Average gross rent in Gloucester County was $1,158 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 Gloucester County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Gloucester 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%
Gloucester County NJ Median Gross Rent $1,147 -0.61% +9.13%

Gloucester County NJ Real Gross Rent Trends

Median gross rent for Gloucester County peaked in real terms in 2016 at $1,154 and is now $7 (0.61%) lower. Average gross rent for Gloucester County peaked in real terms in 2016 at $1,179 and is now $21 (1.78%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Gloucester County

Date US
Median
New Jersey
Median
Gloucester County NJ
Median
Gloucester County NJ
Average
2017 $1,012 $1,284 $1,147 $1,158
2016 $996 $1,263 $1,154 $1,179
2015 $987 $1,249 $1,149 $1,166
2014 $956 $1,231 $1,051 $1,109
2013 $924 $1,196 $1,041 $1,085
2012 $912 $1,184 $1,093 $1,091
2011 $912 $1,189 $1,016 $1,029
2010 $927 $1,207 $1,044 $1,045
2009 $931 $1,225 $1,136 $1,125
2008 $947 $1,227 $1,099 $1,052
2007 $899 $1,169 $1,031 $1,007
2006 $909 $1,160 $986 $990

Gloucester County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Gloucester County New Jersey was 4.45% according to Census ACS data.

Rental Vacancy Rate in Gloucester 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%
Gloucester County NJ

Trends in Gloucester County NJ Rental Vacancy Rate

The rental vacancy rate in Gloucester County peaked in 2007 at 11.49%. Since then it has fallen by 7.04% to 4.45%. Data records for this series originated in 2005. From a 2008 post peak low of 4.18%, the rental vacancy rate has increased by 0.27%.

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

Rental vacancy rate in New Jersey

Historical Rental Vacancy Rate data for Gloucester County

Date US New Jersey Gloucester County NJ
2017 6.18% 4.45%
2016 5.89% 5.02% 4.45%
2015 5.85% 5.65% 7.58%
2014 6.32% 6.09% 9.31%
2013 6.49% 6.18% 5.24%
2012 6.77% 5.96% 8.35%
2011 7.40% 6.99% 7.54%
2010 8.17% 7.51%
2009 8.43% 7.59% 5.85%
2008 7.86% 7.27% 4.18%
2007 7.87% 6.30% 11.49%
2006 7.70% 6.41% 9.91%

Rent as a Fraction of Income

Using median household income data for Gloucester County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Gloucester County, median monthly gross rent as a fraction of median household income was 15.91% in 2017 according to the ACS.

Gloucester 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%
Gloucester County NJ 15.91% -1.15% +0.47%

Trends in Gloucester County NJ Rent as a Fraction of Income

The fraction of median Gloucester County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 17.50%. Since then it has fallen by 1.59% to 15.91%.

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

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

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

Date US New Jersey Gloucester County NJ
2017 20.13% 19.24% 15.91%
2016 20.43% 19.61% 17.07%
2015 20.63% 20.17% 17.28%
2014 20.89% 20.06% 15.45%
2013 20.78% 20.03% 17.14%
2012 20.65% 19.77% 17.42%
2011 20.70% 20.19% 16.20%
2010 20.50% 19.75% 16.39%
2009 20.12% 19.46% 17.50%
2008 19.00% 18.21% 16.21%
2007 18.66% 18.37% 15.32%
2006 18.90% 18.13% 14.88%

Renter Fraction in Gloucester County New Jersey

You can calculate the renter fraction in Gloucester 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 Gloucester County as a fraction of total Gloucester County households. In 2017 19.05% of households were renters according to Census ACS data.

Gloucester 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%
Gloucester County NJ 19.05% -2.26% -2.90%

Trends in the Gloucester County NJ Renter Fraction

The Gloucester County household renter fraction peaked in in 2013 at 22.25% and is now 3.20% below that level. The origin year for the series is 2005.

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

Fraction of renters in Gloucester County

History of Gloucester County Renter Fraction

Date US New Jersey Gloucester County NJ
2017 36.13% 36.19% 19.05%
2016 36.88% 36.77% 21.31%
2015 36.97% 36.98% 21.78%
2014 36.90% 36.74% 21.95%
2013 36.50% 35.95% 22.25%
2012 36.09% 34.93% 18.66%
2011 35.42% 34.95% 20.53%
2010 34.65% 33.59% 19.92%
2009 34.13% 33.86% 19.17%
2008 33.36% 32.98% 20.27%
2007 32.80% 32.73% 19.67%
2006 32.73% 32.70% 18.01%

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.