What is the rental vacancy rate in Cherry Hill Township, NJ?
The rental vacancy rate in Cherry Hill Township, NJ is 5.1% (±2.8 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.2% (±0.2 points).
1,309 (±353) homes, 4.3% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Cherry Hill Township, the rental vacancy rate went from 6.8% in 2015–2019 to 5.1% in 2020–2024 (−1.7 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 5.1% (±2.8 points)
- Homeowner vacancy rate
- 0.2% (±0.2 points)
- Vacant homes
- 1,309 (±353)
Vacancy in Cherry Hill Township against Camden County, its state and the nation
| Cherry Hill Township | Camden County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 5.1% (±2.8 points) | 3.7% (±0.7 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.2% (±0.2 points) | 0.6% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 1,309 (±353) | 11,234 (±903) | 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 Cherry Hill Township, the rental vacancy rate is not measurably different from Camden County (3.7%).
It is not measurably different from New Jersey (3.5%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near Cherry Hill Township
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Cherry Hill Township | — | 5.1% (±2.8 points) | — |
| Haddonfield Borough | 2.1 mi | 9.0% (±6.8 points) | Not measurably different |
| Ramblewood | 3.0 mi | 1.8% (±3.6 points) | Not measurably different |
| Westmont | 3.0 mi | 6.9% (±5.2 points) | Not measurably different |
| Lawnside Borough | 3.1 mi | 0.0% (±9.7 points) | Not measurably different |
| Maple Shade Township | 3.3 mi | 2.4% (±2.0 points) | Not measurably different |
| Haddon Township | 3.5 mi | 8.6% (±5.8 points) | Not measurably different |
| Marlton | 3.6 mi | 0.0% (±2.0 points) | Lower |
| Barrington Borough | 3.8 mi | 0.0% (±2.6 points) | Lower |
Nearby places with a measurably lower figure: Marlton, NJ (0.0%), Barrington Borough, NJ (0.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Camden County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 2 | Haddonfield Borough | 9.0% (±6.8 points) |
| 3 | Haddon Township | 8.6% (±5.8 points) |
| 4 | Mount Ephraim Borough | 8.4% (±9.5 points) |
| 5 | Winslow Township | 6.9% (±4.3 points) |
| 6 | Gloucester Township | 5.4% (±2.7 points) |
| 7 | Hi-nella Borough | 5.2% (±6.5 points) |
| 8 | Cherry Hill Township | 5.1% (±2.8 points) |
| 9 | Pennsauken Township | 4.9% (±3.4 points) |
| 10 | Brooklawn Borough | 4.7% (±7.3 points) |
| 11 (tie) | Camden | 3.4% (±1.2 points) |
| 11 (tie) | Clementon Borough | 3.4% (±5.5 points) |
| 13 | Lindenwold Borough | 3.1% (±2.2 points) |
| 14 | Pine Hill Borough | 3.0% (±3.7 points) |
Showing 13 of 35 places in Camden County, ranked from highest to lowest.
The figures for Cherry Hill Township include the places inside it that have pages of their own: Ashland, Barclay, Cherry Hill Mall, Ellisburg, Golden Triangle, Greentree, Kingston Estates, Springdale.
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 Cherry Hill Township
Is it hard to find a rental in Cherry Hill Township?
The rental vacancy rate in Cherry Hill Township, NJ is 5.1% (±2.8 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 Cherry Hill Township tighter than it was?
In Cherry Hill Township, the rental vacancy rate went from 6.8% in 2015–2019 to 5.1% in 2020–2024 (−1.7 percentage points), not a measurable change.
How many homes are vacant in Cherry Hill Township?
An estimated 1,309 (±353) housing units, 4.3% 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 — Cherry Hill township, Camden County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Cherry Hill township, Camden 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 Cherry Hill township, Camden County, New Jersey (county subdivision:12280, in state:34 county:007).
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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- Rent burden in Cherry Hill Township
- Renters and owners in Cherry Hill Township
- Income and affordability in Cherry Hill Township
- Home values in Cherry Hill Township
- Homeowner costs in Cherry Hill Township
- Property taxes in Cherry Hill Township
- Types of homes in Cherry Hill Township
- Bedrooms in Cherry Hill Township
- Age of homes in Cherry Hill Township
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- Crime reported to police in Cherry Hill Township
- Population growth in Cherry Hill Township
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- Fair Market Rent in Cherry Hill Township
- Local landlord and tenant rules in Cherry Hill Township
- New Jersey landlord and tenant rules
- Housing across Camden County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey