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

Estimate (90% margin of error)
Lakewood TownshipOcean CountyNew JerseyUnited States
Rental vacancy rate3.9% (±1.5 points)3.1% (±0.7 points)3.5% (±0.2 points)5.5%
Homeowner vacancy rate0.4% (±0.5 points)0.9% (±0.2 points)0.7% (±0.1 points)0.9%
Vacant housing units2,405 (±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

Nearest places with a published estimate, compared with Lakewood Township
PlaceDistanceRental vacancy rateCompared with this place
Lakewood Township—3.9% (±1.5 points)—
Ramtown3.6 mi0.0% (±48.4 points)Not measurably different
Brick Township4.8 mi7.9% (±3.6 points)Higher
Cedar Glen West5.3 mi0.0% (±40.0 points)Not measurably different
Toms River5.7 mi1.3% (±1.8 points)Lower
Toms River Township6.0 mi1.2% (±1.8 points)Lower
Pine Lake Park6.1 mi3.8% (±6.6 points)Not measurably different
Leisure Knoll6.3 mi0.0% (±39.8 points)Not measurably different
Leisure Village West6.3 mi0.0% (±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

RankPlaceRental vacancy rate
10Point Pleasant Beach Borough6.9% (±5.7 points)
11Ocean Gate Borough6.8% (±13.2 points)
12Island Heights Borough6.0% (±8.4 points)
13Beach Haven Borough5.1% (±6.5 points)
14Tuckerton Borough4.5% (±5.1 points)
15 (tie)Jackson Township3.9% (±3.8 points)
15 (tie)Lakewood Township3.9% (±1.5 points)
17Point Pleasant Borough3.5% (±3.9 points)
18Toms River Township1.2% (±1.8 points)
19Seaside Heights Borough0.7% (±1.7 points)
20Manchester Township0.5% (±0.9 points)
21 (tie)Barnegat Light Borough0.0% (±100.0 points)
21 (tie)Barnegat Township0.0% (±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

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.

Request a Census API 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 .

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