What is the rental vacancy rate in Carteret Borough, NJ?
The rental vacancy rate in Carteret Borough, NJ is 1.5% (±1.7 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±1.0 points).
517 (±279) homes, 5.9% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Carteret Borough, the rental vacancy rate went from 2.3% in 2015–2019 to 1.5% in 2020–2024 (−0.8 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 1.5% (±1.7 points)
- Homeowner vacancy rate
- 0.0% (±1.0 points)
- Vacant homes
- 517 (±279)
Vacancy in Carteret Borough against Middlesex County, its state and the nation
| Carteret Borough | Middlesex County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 1.5% (±1.7 points) | 2.4% (±0.4 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±1.0 points) | 0.4% (±0.1 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 517 (±279) | 10,197 (±1,110) | 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 Carteret Borough, the rental vacancy rate is not measurably different from Middlesex County (2.4%).
It is also lower than in New Jersey (3.5%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Carteret Borough
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Carteret Borough | — | 1.5% (±1.7 points) | — |
| Port Reading | 1.5 mi | 41.2% (±45.7 points) | Not measurably different |
| Avenel | 2.3 mi | 1.7% (±2.6 points) | Not measurably different |
| Sewaren | 2.8 mi | 0.0% (±11.4 points) | Not measurably different |
| Linden | 3.0 mi | 0.6% (±1.0 points) | Not measurably different |
| Rahway | 3.2 mi | 5.9% (±2.5 points) | Higher |
| Woodbridge Township | 3.7 mi | 1.6% (±0.8 points) | Not measurably different |
| Woodbridge | 3.8 mi | 3.0% (±2.2 points) | Not measurably different |
| Colonia | 4.4 mi | 0.0% (±6.3 points) | Not measurably different |
Nearby places with a measurably higher figure: Rahway, NJ (5.9%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Middlesex County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 8 | Edison Township | 3.1% (±1.4 points) |
| 9 | Metuchen Borough | 2.9% (±2.6 points) |
| 10 | Sayreville Borough | 2.6% (±1.5 points) |
| 11 | Piscataway Township | 2.4% (±1.9 points) |
| 12 | Perth Amboy | 2.1% (±1.2 points) |
| 13 | Woodbridge Township | 1.6% (±0.8 points) |
| 14 | Carteret Borough | 1.5% (±1.7 points) |
| 15 | East Brunswick Township | 1.0% (±1.5 points) |
| 16 | Monroe Township (Middlesex County) | 0.7% (±1.2 points) |
| 17 | Plainsboro Township | 0.2% (±0.4 points) |
| 18 | North Brunswick Township | 0.1% (±0.2 points) |
| 19 (tie) | Cranbury Township | 0.0% (±20.9 points) |
| 19 (tie) | Dunellen Borough | 0.0% (±4.4 points) |
Showing 13 of 25 places in Middlesex 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 Carteret Borough
Is it hard to find a rental in Carteret Borough?
The rental vacancy rate in Carteret Borough, NJ is 1.5% (±1.7 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 Carteret Borough tighter than it was?
In Carteret Borough, the rental vacancy rate went from 2.3% in 2015–2019 to 1.5% in 2020–2024 (−0.8 percentage points), not a measurable change.
How many homes are vacant in Carteret Borough?
An estimated 517 (±279) housing units, 5.9% 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 — Carteret borough, Middlesex County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Carteret borough, Middlesex 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 Carteret borough, Middlesex County, New Jersey (county subdivision:10750, in state:34 county:023).
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
- Housing in Carteret Borough at a glance
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- Renters and owners in Carteret Borough
- Income and affordability in Carteret Borough
- Home values in Carteret Borough
- Homeowner costs in Carteret Borough
- Property taxes in Carteret Borough
- Types of homes in Carteret Borough
- Bedrooms in Carteret Borough
- Age of homes in Carteret Borough
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- Commute and cars in Carteret Borough
- Crime reported to police in Carteret Borough
- Population growth in Carteret Borough
- How long people stay in Carteret Borough
- Crowding and facilities in Carteret Borough
- New Jersey landlord and tenant rules
- Housing across Middlesex County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey