What percentage of people rent in Chatham Borough, NJ?

Name: Renters and owners in Chatham Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

17.5% (±3.7 points) of the occupied homes in Chatham Borough, NJ are rented (2020–2024 American Community Survey).

That is 519 renting households against 2,453 that own their home.

In Chatham Borough, the share of households that rent went from 16.8% in 2015–2019 to 17.5% in 2020–2024 (+0.7 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 17.5% (±3.7 points)
Renting households: 519 (±118)
Median renter income: $113,906 (±$43,638)

Who rents and who owns in Chatham Borough

Tenure, estimate (90% margin of error)
	Chatham Borough	Morris County	New Jersey	United States
Renter-occupied share	17.5% (±3.7 points)	25.7% (±0.8 points)	36.2% (±0.2 points)	34.8%
Renting households	519 (±118)	49,683 (±1,568)	1,268,573 (±8,082)	45,017,354
Owning households	2,453 (±142)	143,562 (±1,613)	2,239,128 (±10,678)	84,210,142
Average renter household size	2.3 (±0.2)	2.1 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	3.3 (±0.2)	2.8 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$113,906 (±$43,638)	$79,949 (±$4,109)	$62,674 (±$718)	$52,966
Median owner household income	$250,000 or more	$165,144 (±$2,794)	$133,477 (±$624)	$100,009

In Chatham Borough, the renter share is lower than in Morris County (25.7%).

It is also lower than in New Jersey (36.2%).

It is lower than the national figure (34.8%).

In Morris County, Chatham Borough ranks 21 of 39 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 338 of 564.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Chatham Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	16.8% (±3.2 points)	17.5% (±3.7 points)	+0.7 percentage points	Not a measurable change
Median gross rent	$1,845 (±$113)	$2,250 (±$139)	+22.0%	No measurable change after inflation
Median household income	$192,321 (±$14,326)	$241,500 (±$23,775)	+25.6%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Chatham Borough

Nearest places with a published estimate, compared with Chatham Borough
Place	Distance	Households that rent	Compared with this place
Chatham Borough	—	17.5% (±3.7 points)	—
Summit	2.0 mi	31.7% (±4.4 points)	Higher
Madison Borough	2.1 mi	36.2% (±3.6 points)	Higher
Florham Park Borough	2.5 mi	30.2% (±5.0 points)	Higher
Chatham Township	3.0 mi	15.9% (±4.1 points)	Not measurably different
Short Hills	3.0 mi	13.5% (±2.6 points)	Not measurably different
New Providence Borough	3.1 mi	24.2% (±3.0 points)	Higher
Millburn Township	3.3 mi	18.7% (±2.6 points)	Not measurably different
Green Village	3.4 mi	50.3% (±17.1 points)	Higher

Nearby places with a measurably higher figure: Summit, NJ (31.7%), Madison Borough, NJ (36.2%), Florham Park Borough, NJ (30.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Morris County, place by place

Rank	Place	Households that rent
15	Mount Arlington Borough	24.8% (±5.1 points)
16	Randolph Township	22.2% (±3.3 points)
17	Hanover Township	21.0% (±4.9 points)
18	Chester Borough	20.9% (±6.7 points)
19	Lincoln Park Borough	20.8% (±5.4 points)
20	Rockaway Township	18.1% (±3.3 points)
21	Chatham Borough	17.5% (±3.7 points)
22	Pequannock Township	17.0% (±3.5 points)
23	Chatham Township	15.9% (±4.1 points)
24 (tie)	Mendham Borough	14.1% (±4.7 points)
24 (tie)	Morris Township	14.1% (±2.4 points)
26 (tie)	Denville Township	12.3% (±3.7 points)
26 (tie)	Montville Township	12.3% (±3.2 points)

Showing 13 of 39 places in Morris 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 Chatham Borough

How many renters are there in Chatham Borough?

Chatham Borough has an estimated 519 (±118) renting households, 17.5% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Chatham Borough?

In Chatham Borough, the share of households that rent went from 16.8% in 2015–2019 to 17.5% in 2020–2024 (+0.7 percentage points), not a measurable change.

How big are renting households in Chatham Borough?

A renting household in Chatham Borough has 2.3 people on average, against 3.3 in an owned home.

How much do renters earn in Chatham Borough?

The median renting household in Chatham Borough, NJ has an income of $113,906 (±$43,638) a year, against $250,000 or more for households that own their home.

Sources

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 Chatham borough, Morris County, New Jersey (county subdivision:12100, in state:34 county:027).

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.

Request a Census API 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.