What percentage of people rent in Farmingdale Borough, NJ?

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

44.5% (±7.1 points) of the occupied homes in Farmingdale Borough, NJ are rented (2020–2024 American Community Survey).

That is 262 renting households against 327 that own their home.

In Farmingdale Borough, the share of households that rent went from 50.1% in 2015–2019 to 44.5% in 2020–2024 (−5.6 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 44.5% (±7.1 points)
Renting households: 262 (±48)
Median renter income: $60,469 (±$24,332)

Who rents and who owns in Farmingdale Borough

Tenure, estimate (90% margin of error)
	Farmingdale Borough	Monmouth County	New Jersey	United States
Renter-occupied share	44.5% (±7.1 points)	24.4% (±0.6 points)	36.2% (±0.2 points)	34.8%
Renting households	262 (±48)	61,539 (±1,684)	1,268,573 (±8,082)	45,017,354
Owning households	327 (±62)	190,173 (±1,568)	2,239,128 (±10,678)	84,210,142
Average renter household size	1.7 (±0.2)	2.1 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	3.1 (±0.5)	2.7 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$60,469 (±$24,332)	$62,592 (±$3,372)	$62,674 (±$718)	$52,966
Median owner household income	$118,964 (±$12,001)	$151,807 (±$2,620)	$133,477 (±$624)	$100,009

In Farmingdale Borough, the renter share is higher than in Monmouth County (24.4%).

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

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

In Monmouth County, Farmingdale Borough ranks 10 of 53 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 92 of 564.

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

How renting in Farmingdale 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	50.1% (±6.0 points)	44.5% (±7.1 points)	−5.6 percentage points	Not a measurable change
Median gross rent	$1,228 (±$105)	$1,648 (±$139)	+34.2%	No measurable change after inflation
Median household income	$63,650 (±$6,336)	$89,327 (±$20,900)	+40.3%	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 Farmingdale Borough

Nearest places with a published estimate, compared with Farmingdale Borough
Place	Distance	Households that rent	Compared with this place
Farmingdale Borough	—	44.5% (±7.1 points)	—
Howell Township	2.4 mi	11.2% (±2.1 points)	Lower
Wall Township	4.4 mi	16.6% (±2.3 points)	Lower
Ramtown	5.9 mi	2.4% (±2.6 points)	Lower
Tinton Falls Borough	6.1 mi	15.9% (±3.1 points)	Lower
Neptune Township	6.2 mi	29.8% (±3.2 points)	Lower
Shark River Hills	6.5 mi	0.0% (±3.5 points)	Lower
East Freehold	6.5 mi	7.3% (±4.5 points)	Lower
Colts Neck Township	6.6 mi	5.7% (±3.3 points)	Lower

Nearby places with a measurably lower figure: Howell Township, NJ (11.2%), Wall Township, NJ (16.6%), Ramtown, NJ (2.4%).

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

Households that rent across Monmouth County, place by place

Rank	Place	Households that rent
4	Keansburg Borough	51.0% (±8.6 points)
5	Red Bank Borough	49.9% (±5.1 points)
6	Keyport Borough	49.8% (±7.5 points)
7	Matawan Borough	48.1% (±5.5 points)
8	Allenhurst Borough	47.5% (±12.9 points)
9	Freehold Borough	46.2% (±6.0 points)
10	Farmingdale Borough	44.5% (±7.1 points)
11	Belmar Borough	43.2% (±7.0 points)
12	Eatontown Borough	41.9% (±5.2 points)
13	Highlands Borough	39.0% (±7.1 points)
14	Spring Lake Heights Borough	38.4% (±7.3 points)
15	Ocean Township (Monmouth County)	37.3% (±2.7 points)
16	Lake Como Borough	36.7% (±9.8 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 Farmingdale Borough

How many renters are there in Farmingdale Borough?

Farmingdale Borough has an estimated 262 (±48) renting households, 44.5% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Farmingdale Borough?

In Farmingdale Borough, the share of households that rent went from 50.1% in 2015–2019 to 44.5% in 2020–2024 (−5.6 percentage points), not a measurable change.

How big are renting households in Farmingdale Borough?

A renting household in Farmingdale Borough has 1.7 people on average, against 3.1 in an owned home.

How much do renters earn in Farmingdale Borough?

The median renting household in Farmingdale Borough, NJ has an income of $60,469 (±$24,332) a year, against $118,964 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 Farmingdale borough, Monmouth County, New Jersey (county subdivision:22950, 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_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.