What is the rental vacancy rate in Lakewood Township, NJ?
The rental vacancy rate in Lakewood Township, NJ is 3.9% (±1.5 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.4% (±0.5 points).
2,405 (±425) homes, 7.1% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Lakewood Township, the rental vacancy rate went from 1.6% in 2015–2019 to 3.9% in 2020–2024 (+2.3 percentage points), a measurable increase.
Figures last updated on .
- Rental vacancy rate
- 3.9% (±1.5 points)
- Homeowner vacancy rate
- 0.4% (±0.5 points)
- Vacant homes
- 2,405 (±425)
Vacancy in Lakewood Township against Ocean County, its state and the nation
| Lakewood Township | Ocean County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 3.9% (±1.5 points) | 3.1% (±0.7 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.4% (±0.5 points) | 0.9% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 2,405 (±425) | 52,514 (±1,552) | 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 Lakewood Township, the rental vacancy rate is not measurably different from Ocean County (3.1%).
It is not measurably different from New Jersey (3.5%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Lakewood Township
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Lakewood Township | — | 3.9% (±1.5 points) | — |
| Ramtown | 3.6 mi | 0.0% (±48.4 points) | Not measurably different |
| Brick Township | 4.8 mi | 7.9% (±3.6 points) | Higher |
| Cedar Glen West | 5.3 mi | 0.0% (±40.0 points) | Not measurably different |
| Toms River | 5.7 mi | 1.3% (±1.8 points) | Lower |
| Toms River Township | 6.0 mi | 1.2% (±1.8 points) | Lower |
| Pine Lake Park | 6.1 mi | 3.8% (±6.6 points) | Not measurably different |
| Leisure Knoll | 6.3 mi | 0.0% (±39.8 points) | Not measurably different |
| Leisure Village West | 6.3 mi | 0.0% (±12.9 points) | Not measurably different |
Nearby places with a measurably lower figure: Toms River, NJ (1.3%), Toms River Township, NJ (1.2%).
Nearby places with a measurably higher figure: Brick Township, NJ (7.9%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Ocean County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 10 | Point Pleasant Beach Borough | 6.9% (±5.7 points) |
| 11 | Ocean Gate Borough | 6.8% (±13.2 points) |
| 12 | Island Heights Borough | 6.0% (±8.4 points) |
| 13 | Beach Haven Borough | 5.1% (±6.5 points) |
| 14 | Tuckerton Borough | 4.5% (±5.1 points) |
| 15 (tie) | Jackson Township | 3.9% (±3.8 points) |
| 15 (tie) | Lakewood Township | 3.9% (±1.5 points) |
| 17 | Point Pleasant Borough | 3.5% (±3.9 points) |
| 18 | Toms River Township | 1.2% (±1.8 points) |
| 19 | Seaside Heights Borough | 0.7% (±1.7 points) |
| 20 | Manchester Township | 0.5% (±0.9 points) |
| 21 (tie) | Barnegat Light Borough | 0.0% (±100.0 points) |
| 21 (tie) | Barnegat Township | 0.0% (±3.6 points) |
Showing 13 of 33 places in Ocean County, ranked from highest to lowest.
The figures for Lakewood Township include the places inside it that have pages of their own: Lakewood, Leisure Village, Leisure Village East.
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 Lakewood Township
Is it hard to find a rental in Lakewood Township?
The rental vacancy rate in Lakewood Township, NJ is 3.9% (±1.5 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 Lakewood Township tighter than it was?
In Lakewood Township, the rental vacancy rate went from 1.6% in 2015–2019 to 3.9% in 2020–2024 (+2.3 percentage points), a measurable increase.
How many homes are vacant in Lakewood Township?
An estimated 2,405 (±425) housing units, 7.1% 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 — Lakewood township, Ocean County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lakewood township, Ocean 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 Lakewood township, Ocean County, New Jersey (county subdivision:38550, in state:34 county:029).
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 Lakewood Township at a glance
- Median rent in Lakewood Township
- Rent by bedrooms in Lakewood Township
- Rent burden in Lakewood Township
- Renters and owners in Lakewood Township
- Income and affordability in Lakewood Township
- Home values in Lakewood Township
- Homeowner costs in Lakewood Township
- Property taxes in Lakewood Township
- Types of homes in Lakewood Township
- Bedrooms in Lakewood Township
- Age of homes in Lakewood Township
- Heating fuel in Lakewood Township
- Commute and cars in Lakewood Township
- Crime reported to police in Lakewood Township
- Population growth in Lakewood Township
- How long people stay in Lakewood Township
- Crowding and facilities in Lakewood Township
- Fair Market Rent in Lakewood Township
- Local landlord and tenant rules in Lakewood Township
- New Jersey landlord and tenant rules
- Housing across Ocean County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey