What is the rental vacancy rate in Lawrence Township (Mercer County), NJ?
The rental vacancy rate in Lawrence Township (Mercer County), NJ is 1.4% (±2.2 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±0.5 points).
485 (±229) homes, 3.8% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Lawrence Township (Mercer County), the rental vacancy rate went from 0.4% in 2015–2019 to 1.4% in 2020–2024 (+1.0 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 1.4% (±2.2 points)
- Homeowner vacancy rate
- 0.0% (±0.5 points)
- Vacant homes
- 485 (±229)
Vacancy in Lawrence Township (Mercer County) against Mercer County, its state and the nation
| Lawrence Township (Mercer County) | Mercer County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 1.4% (±2.2 points) | 2.9% (±0.8 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±0.5 points) | 0.4% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 485 (±229) | 7,024 (±820) | 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 Lawrence Township (Mercer County), the rental vacancy rate is not measurably different from Mercer County (2.9%).
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 Lawrence Township (Mercer County)
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Lawrence Township (Mercer County) | — | 1.4% (±2.2 points) | — |
| The College of New Jersey | 3.6 mi | 26.7% (±35.6 points) | Not measurably different |
| Pennington Borough | 4.1 mi | 0.0% (±19.1 points) | Not measurably different |
| Mercerville | 4.4 mi | 0.0% (±5.5 points) | Not measurably different |
| Ewing Township | 4.7 mi | 4.1% (±3.5 points) | Not measurably different |
| West Windsor Township | 4.9 mi | 3.5% (±3.4 points) | Not measurably different |
| Princeton | 5.1 mi | 1.1% (±1.3 points) | Not measurably different |
| Trenton | 5.5 mi | 4.3% (±1.1 points) | Higher |
| Princeton Junction | 5.5 mi | 0.0% (±26.5 points) | Not measurably different |
Nearby places with a measurably higher figure: Trenton, NJ (4.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Mercer County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Trenton | 4.3% (±1.1 points) |
| 2 | Ewing Township | 4.1% (±3.5 points) |
| 3 | West Windsor Township | 3.5% (±3.4 points) |
| 4 | Hightstown Borough | 3.2% (±5.3 points) |
| 5 | Hamilton Township (Mercer County) | 2.1% (±1.5 points) |
| 6 | Lawrence Township (Mercer County) | 1.4% (±2.2 points) |
| 7 | Princeton | 1.1% (±1.3 points) |
| 8 | East Windsor Township | 0.9% (±1.4 points) |
| 9 (tie) | Hopewell Borough | 0.0% (±22.4 points) |
| 9 (tie) | Hopewell Township (Mercer County) | 0.0% (±7.3 points) |
| 9 (tie) | Pennington Borough | 0.0% (±19.1 points) |
| 9 (tie) | Robbinsville Township | 0.0% (±3.7 points) |
The figures for Lawrence Township (Mercer County) include the places inside it that have pages of their own: Lawrenceville.
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 Lawrence Township (Mercer County)
Is it hard to find a rental in Lawrence Township (Mercer County)?
The rental vacancy rate in Lawrence Township (Mercer County), NJ is 1.4% (±2.2 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 Lawrence Township (Mercer County) tighter than it was?
In Lawrence Township (Mercer County), the rental vacancy rate went from 0.4% in 2015–2019 to 1.4% in 2020–2024 (+1.0 percentage points), not a measurable change.
How many homes are vacant in Lawrence Township (Mercer County)?
An estimated 485 (±229) housing units, 3.8% 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 — Lawrence township, Mercer County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lawrence township, Mercer 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 Lawrence township, Mercer County, New Jersey (county subdivision:39510, in state:34 county:021).
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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- Income and affordability in Lawrence Township (Mercer County)
- Home values in Lawrence Township (Mercer County)
- Homeowner costs in Lawrence Township (Mercer County)
- Property taxes in Lawrence Township (Mercer County)
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- How long people stay in Lawrence Township (Mercer County)
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- Local landlord and tenant rules in Lawrence Township (Mercer County)
- New Jersey landlord and tenant rules
- Housing across Mercer County
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- Housing data for every place in New Jersey