What percentage of people rent in Basking Ridge, NJ?
16.1% (±4.7 points) of the occupied homes in Basking Ridge, NJ are rented (2020–2024 American Community Survey).
That is 480 renting households against 2,507 that own their home.
Figures last updated on .
- Households that rent
- 16.1% (±4.7 points)
- Renting households
- 480 (±158)
- Median renter income
- $22,440 (±$10,274)
Who rents and who owns in Basking Ridge
| Basking Ridge | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Renter-occupied share | 16.1% (±4.7 points) | 25.7% (±0.9 points) | 36.2% (±0.2 points) | 34.8% |
| Renting households | 480 (±158) | 33,615 (±1,269) | 1,268,573 (±8,082) | 45,017,354 |
| Owning households | 2,507 (±263) | 97,187 (±1,176) | 2,239,128 (±10,678) | 84,210,142 |
| Average renter household size | 1.4 (±0.2) | 2.4 (±0.1) | 2.4 (±0.0) | 2.3 |
| Average owner household size | 2.9 (±0.2) | 2.8 (±0.0) | 2.8 (±0.0) | 2.6 |
| Median renter household income | $22,440 (±$10,274) | $82,470 (±$5,113) | $62,674 (±$718) | $52,966 |
| Median owner household income | $250,000 or more | $170,007 (±$3,672) | $133,477 (±$624) | $100,009 |
In Basking Ridge, the renter share is lower than in Somerset County (25.7%).
It is also lower than in New Jersey (36.2%).
It is lower than the national figure (34.8%).
In Somerset County, Basking Ridge ranks 17 of 24 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 122 of 252.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Households that rent in places near Basking Ridge
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Basking Ridge | — | 16.1% (±4.7 points) | — |
| Lyons | 1.8 mi | 1.6% (±2.7 points) | Lower |
| Bernardsville Borough | 2.5 mi | 5.4% (±3.2 points) | Lower |
| Millington | 3.1 mi | 10.5% (±5.3 points) | Not measurably different |
| Liberty Corner | 3.4 mi | 31.7% (±12.1 points) | Higher |
| Far Hills Borough | 3.5 mi | 12.9% (±5.3 points) | Not measurably different |
| Long Hill Township | 3.8 mi | 10.3% (±4.1 points) | Not measurably different |
| Harding Township | 4.0 mi | 9.8% (±7.3 points) | Not measurably different |
| Stirling | 4.0 mi | 16.4% (±8.5 points) | Not measurably different |
Nearby places with a measurably lower figure: Lyons, NJ (1.6%), Bernardsville Borough, NJ (5.4%).
Nearby places with a measurably higher figure: Liberty Corner, NJ (31.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Somerset County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 11 | Somerset | 27.1% (±4.1 points) |
| 12 | Franklin Center | 25.5% (±6.1 points) |
| 13 | Green Knoll | 21.2% (±5.8 points) |
| 14 | Hillsborough | 20.1% (±3.1 points) |
| 15 | Ten Mile Run | 17.7% (±14.4 points) |
| 16 | The Hills | 17.0% (±3.4 points) |
| 17 | Basking Ridge | 16.1% (±4.7 points) |
| 18 | Bridgewater Center | 11.0% (±6.2 points) |
| 19 | Bradley Gardens | 9.8% (±3.5 points) |
| 20 | Blackwells Mills | 4.9% (±3.6 points) |
| 21 | Martinsville | 4.0% (±2.4 points) |
| 22 | Weston | 1.7% (±2.9 points) |
| 23 | Lyons | 1.6% (±2.7 points) |
Showing 13 of 24 places in Somerset County, ranked from highest to lowest.
Basking Ridge is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Bernards Township, whose figures include it.
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 Basking Ridge
How many renters are there in Basking Ridge?
Basking Ridge has an estimated 480 (±158) renting households, 16.1% of its occupied homes (2020–2024 American Community Survey).
How big are renting households in Basking Ridge?
A renting household in Basking Ridge has 1.4 people on average, against 2.9 in an owned home.
How much do renters earn in Basking Ridge?
The median renting household in Basking Ridge, NJ has an income of $22,440 (±$10,274) a year, against $250,000 or more for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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) and detailed tables (acs/acs5) for Basking Ridge CDP, New Jersey (place:03340, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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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- New Jersey landlord and tenant rules
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- Housing data for every place in New Jersey