Department of Numbers

Union County New Jersey Residential Rent and Rental Statistics

The median monthly gross residential rent in Union County NJ was $1,238 in 2017 according to the Census ACS survey.1 Average gross rent in Union County was $1,255 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 Union County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Union 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%
Union County NJ Median Gross Rent $1,238 +1.06% +3.17%

Union County NJ Real Gross Rent Trends

At $1,238, real median gross rent in Union County was at its highest level in 2017 since the series began in 2005. At $1,255, real average gross rent in Union County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Union County

Date US
Median
New Jersey
Median
Union County NJ
Median
Union County NJ
Average
2017 $1,012 $1,284 $1,238 $1,255
2016 $996 $1,263 $1,225 $1,234
2015 $987 $1,249 $1,204 $1,220
2014 $956 $1,231 $1,200 $1,218
2013 $924 $1,196 $1,186 $1,195
2012 $912 $1,184 $1,179 $1,195
2011 $912 $1,189 $1,187 $1,218
2010 $927 $1,207 $1,187 $1,203
2009 $931 $1,225 $1,227 $1,230
2008 $947 $1,227 $1,176 $1,204
2007 $899 $1,169 $1,163 $1,174
2006 $909 $1,160 $1,199 $1,236

Union 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 Union County New Jersey was 2.39% according to Census ACS data.

Rental Vacancy Rate in Union 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%
Union County NJ 2.39% -1.51% -3.01%

Trends in Union County NJ Rental Vacancy Rate

The rental vacancy rate in Union County peaked in 2010 at 9.42%. Since then it has fallen by 7.03% to 2.39%. Data records for this series originated in 2005.

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

Rental vacancy rate in New Jersey

Historical Rental Vacancy Rate data for Union County

Date US New Jersey Union County NJ
2017 6.18% 4.45% 2.39%
2016 5.89% 5.02% 3.90%
2015 5.85% 5.65% 3.87%
2014 6.32% 6.09% 5.40%
2013 6.49% 6.18% 4.30%
2012 6.77% 5.96% 4.98%
2011 7.40% 6.99% 6.90%
2010 8.17% 7.51% 9.42%
2009 8.43% 7.59% 6.65%
2008 7.86% 7.27% 7.71%
2007 7.87% 6.30% 5.34%
2006 7.70% 6.41% 4.79%

Rent as a Fraction of Income

Using median household income data for Union County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Union County, median monthly gross rent as a fraction of median household income was 19.21% in 2017 according to the ACS.

Union 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%
Union County NJ 19.21% -0.88% -1.16%

Trends in Union County NJ Rent as a Fraction of Income

The fraction of median Union County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 21.57%. Since then it has fallen by 2.36% to 19.21%.

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

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

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

Date US New Jersey Union County NJ
2017 20.13% 19.24% 19.21%
2016 20.43% 19.61% 20.09%
2015 20.63% 20.17% 19.73%
2014 20.89% 20.06% 20.37%
2013 20.78% 20.03% 21.57%
2012 20.65% 19.77% 20.82%
2011 20.70% 20.19% 20.48%
2010 20.50% 19.75% 19.71%
2009 20.12% 19.46% 20.41%
2008 19.00% 18.21% 18.19%
2007 18.66% 18.37% 19.90%
2006 18.90% 18.13% 19.41%

Renter Fraction in Union County New Jersey

You can calculate the renter fraction in Union 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 Union County as a fraction of total Union County households. In 2017 41.73% of households were renters according to Census ACS data.

Union 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%
Union County NJ 41.73% +0.67% +0.98%

Trends in the Union County NJ Renter Fraction

The Union County household renter fraction peaked in in 2013 at 43.11% and is now 1.38% below that level. The origin year for the series is 2005.

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

Fraction of renters in Union County

History of Union County Renter Fraction

Date US New Jersey Union County NJ
2017 36.13% 36.19% 41.73%
2016 36.88% 36.77% 41.06%
2015 36.97% 36.98% 42.85%
2014 36.90% 36.74% 40.75%
2013 36.50% 35.95% 43.11%
2012 36.09% 34.93% 40.90%
2011 35.42% 34.95% 39.53%
2010 34.65% 33.59% 38.75%
2009 34.13% 33.86% 38.15%
2008 33.36% 32.98% 38.77%
2007 32.80% 32.73% 40.22%
2006 32.73% 32.70% 37.99%

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.