What percentage of people rent in Lakewood, NJ?

60.9% (±3.4 points) of the occupied homes in Lakewood, NJ are rented (2020–2024 American Community Survey).

That is 8,552 renting households against 5,484 that own their home.

In Lakewood, the share of households that rent went from 64.1% in 2015–2019 to 60.9% in 2020–2024 (−3.2 percentage points), not a measurable change.

Figures last updated on .

Households that rent
60.9% (±3.4 points)
Renting households
8,552 (±698)
Median renter income
$41,432 (±$2,447)

Who rents and who owns in Lakewood

Tenure, estimate (90% margin of error)
LakewoodOcean CountyNew JerseyUnited States
Renter-occupied share60.9% (±3.4 points)19.3% (±0.7 points)36.2% (±0.2 points)34.8%
Renting households8,552 (±698)46,969 (±1,727)1,268,573 (±8,082)45,017,354
Owning households5,484 (±534)196,874 (±2,083)2,239,128 (±10,678)84,210,142
Average renter household size4.5 (±0.3)2.9 (±0.1)2.4 (±0.0)2.3
Average owner household size5.5 (±0.4)2.6 (±0.0)2.8 (±0.0)2.6
Median renter household income$41,432 (±$2,447)$58,423 (±$2,802)$62,674 (±$718)$52,966
Median owner household income$113,139 (±$17,584)$100,587 (±$1,633)$133,477 (±$624)$100,009

In Lakewood, the renter share is higher than in Ocean County (19.3%).

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

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

In Ocean County, Lakewood ranks 1 of 27 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 12 of 252.

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

How renting in Lakewood has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent64.1% (±2.8 points)60.9% (±3.4 points)−3.2 percentage pointsNot a measurable change
Median gross rent$1,388 (±$67)$1,718 (±$96)+23.8%No measurable change after inflation
Median household income$50,897 (±$4,030)$56,968 (±$7,583)+11.9%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 Lakewood

Nearest places with a published estimate, compared with Lakewood
PlaceDistanceHouseholds that rentCompared with this place
Lakewood—60.9% (±3.4 points)—
Ramtown3.5 mi2.4% (±2.6 points)Lower
Leisure Village3.7 mi34.6% (±8.6 points)Lower
Leisure Village East4.3 mi4.7% (±3.6 points)Lower
Cedar Glen West5.5 mi9.7% (±7.3 points)Lower
Howell Township5.8 mi11.2% (±2.1 points)Lower
Brick Township5.8 mi17.8% (±2.1 points)Lower
Leisure Knoll6.7 mi5.2% (±4.4 points)Lower
Leisure Village West6.8 mi12.3% (±8.2 points)Lower

Nearby places with a measurably lower figure: Ramtown, NJ (2.4%), Leisure Village, NJ (34.6%), Leisure Village East, NJ (4.7%).

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

Households that rent across Ocean County, place by place

RankPlaceHouseholds that rent
1Lakewood60.9% (±3.4 points)
2New Egypt41.7% (±16.9 points)
3Leisure Village34.6% (±8.6 points)
4Manahawkin20.1% (±10.5 points)
5Barnegat19.4% (±9.2 points)
6Toms River18.1% (±1.7 points)
7Waretown17.2% (±16.0 points)

Showing 7 of 27 places in Ocean County, ranked from highest to lowest.

Lakewood is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Lakewood Township, whose figures include it.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Lakewood

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Questions about Lakewood

How many renters are there in Lakewood?

Lakewood has an estimated 8,552 (±698) renting households, 60.9% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Lakewood?

In Lakewood, the share of households that rent went from 64.1% in 2015–2019 to 60.9% in 2020–2024 (−3.2 percentage points), not a measurable change.

How big are renting households in Lakewood?

A renting household in Lakewood has 4.5 people on average, against 5.5 in an owned home.

How much do renters earn in Lakewood?

The median renting household in Lakewood, NJ has an income of $41,432 (±$2,447) a year, against $113,139 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 Lakewood CDP, New Jersey (place:38580, in state:34).

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.

Figures last updated on .

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