What is the rental vacancy rate in Asbury Park, NJ?
The rental vacancy rate in Asbury Park, NJ is 3.0% (±1.8 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.6% (±2.6 points).
1,182 (±211) homes, 13.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Asbury Park, the rental vacancy rate went from 8.5% in 2015–2019 to 3.0% in 2020–2024 (−5.5 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 3.0% (±1.8 points)
- Homeowner vacancy rate
- 1.6% (±2.6 points)
- Vacant homes
- 1,182 (±211)
Vacancy in Asbury Park against Monmouth County, its state and the nation
| Asbury Park | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 3.0% (±1.8 points) | 4.2% (±0.8 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 1.6% (±2.6 points) | 0.7% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 1,182 (±211) | 18,703 (±1,063) | 283,653 (±4,943) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Asbury Park, the rental vacancy rate is not measurably different from Monmouth County (4.2%).
It is not measurably different from New Jersey (3.5%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Asbury Park
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Asbury Park | — | 3.0% (±1.8 points) | — |
| Ocean Grove | 0.8 mi | 14.7% (±10.8 points) | Higher |
| Loch Arbour Village | 0.8 mi | 0.0% (±100.0 points) | Not measurably different |
| Interlaken Borough | 0.8 mi | 0.0% (±72.8 points) | Not measurably different |
| Allenhurst Borough | 1.0 mi | 3.4% (±4.2 points) | Not measurably different |
| Wanamassa | 1.4 mi | 0.0% (±16.1 points) | Not measurably different |
| Bradley Beach Borough | 1.5 mi | 6.6% (±4.6 points) | Not measurably different |
| Neptune City Borough | 2.0 mi | 0.0% (±7.5 points) | Not measurably different |
| Deal Borough | 2.0 mi | 0.0% (±37.6 points) | Not measurably different |
Nearby places with a measurably higher figure: Ocean Grove, NJ (14.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Monmouth County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 17 (tie) | Neptune Township | 4.4% (±2.9 points) |
| 19 | Freehold Borough | 4.3% (±3.6 points) |
| 20 | Eatontown Borough | 3.9% (±4.8 points) |
| 21 (tie) | Allenhurst Borough | 3.4% (±4.2 points) |
| 21 (tie) | Howell Township | 3.4% (±4.6 points) |
| 21 (tie) | West Long Branch Borough | 3.4% (±5.7 points) |
| 24 | Asbury Park | 3.0% (±1.8 points) |
| 25 | Middletown Township | 2.9% (±3.5 points) |
| 26 (tie) | Allentown Borough | 2.6% (±3.3 points) |
| 26 (tie) | Farmingdale Borough | 2.6% (±4.5 points) |
| 28 | Spring Lake Heights Borough | 2.5% (±2.6 points) |
| 29 | Shrewsbury Township | 2.1% (±3.2 points) |
| 30 | Matawan Borough | 1.7% (±2.8 points) |
Showing 13 of 53 places in Monmouth County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Asbury Park
Is it hard to find a rental in Asbury Park?
The rental vacancy rate in Asbury Park, NJ is 3.0% (±1.8 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Asbury Park tighter than it was?
In Asbury Park, the rental vacancy rate went from 8.5% in 2015–2019 to 3.0% in 2020–2024 (−5.5 percentage points), a measurable decrease.
How many homes are vacant in Asbury Park?
An estimated 1,182 (±211) housing units, 13.6% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Asbury Park city, Monmouth County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Asbury Park city, Monmouth County, New Jersey
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Asbury Park city, Monmouth County, New Jersey (county subdivision:01960, in state:34 county:025).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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