What is the rental vacancy rate in Lower Township, NJ?

The rental vacancy rate in Lower Township, NJ is 7.8% (±4.8 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.3% (±0.3 points).

4,574 (±367) homes, 29.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Lower Township, the rental vacancy rate went from 16.2% in 2015–2019 to 7.8% in 2020–2024 (−8.4 percentage points), a measurable decrease.

Figures last updated on .

Rental vacancy rate
7.8% (±4.8 points)
Homeowner vacancy rate
0.3% (±0.3 points)
Vacant homes
4,574 (±367)

Vacancy in Lower Township against Cape May County, its state and the nation

Estimate (90% margin of error)
Lower TownshipCape May CountyNew JerseyUnited States
Rental vacancy rate7.8% (±4.8 points)26.1% (±3.3 points)3.5% (±0.2 points)5.5%
Homeowner vacancy rate0.3% (±0.3 points)1.6% (±0.6 points)0.7% (±0.1 points)0.9%
Vacant housing units4,574 (±367)54,715 (±739)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 Lower Township, the rental vacancy rate is lower than in Cape May County (26.1%).

It is not measurably different from New Jersey (3.5%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Lower Township

Nearest places with a published estimate, compared with Lower Township
PlaceDistanceRental vacancy rateCompared with this place
Lower Township—7.8% (±4.8 points)—
Cape May3.0 mi44.3% (±12.5 points)Higher
Rio Grande3.0 mi0.0% (±10.0 points)Not measurably different
West Cape May Borough3.2 mi56.1% (±15.3 points)Higher
Wildwood Crest Borough4.1 mi35.7% (±18.8 points)Higher
Cape May Point Borough4.3 mi98.0% (±4.4 points)Higher
West Wildwood Borough4.9 mi22.6% (±30.5 points)Not measurably different
Whitesboro5.0 mi0.0% (±51.5 points)Not measurably different
Wildwood5.0 mi18.1% (±7.5 points)Higher

Nearby places with a measurably higher figure: Cape May, NJ (44.3%), West Cape May Borough, NJ (56.1%), Wildwood Crest Borough, NJ (35.7%).

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

Rental vacancy rate across Cape May County, place by place

RankPlaceRental vacancy rate
6Cape May44.3% (±12.5 points)
7Ocean City36.6% (±7.5 points)
8Wildwood Crest Borough35.7% (±18.8 points)
9West Wildwood Borough22.6% (±30.5 points)
10North Wildwood22.0% (±21.0 points)
11Wildwood18.1% (±7.5 points)
12Lower Township7.8% (±4.8 points)
13Dennis Township3.9% (±6.6 points)
14Woodbine Borough3.1% (±4.9 points)
15Middle Township1.5% (±1.3 points)
16Upper Township0.0% (±15.8 points)

Showing 11 of 16 places in Cape May County, ranked from highest to lowest.

The figures for Lower Township include the places inside it that have pages of their own: Erma, North Cape May, Villas.

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 Lower Township

Is it hard to find a rental in Lower Township?

The rental vacancy rate in Lower Township, NJ is 7.8% (±4.8 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 Lower Township tighter than it was?

In Lower Township, the rental vacancy rate went from 16.2% in 2015–2019 to 7.8% in 2020–2024 (−8.4 percentage points), a measurable decrease.

How many homes are vacant in Lower Township?

An estimated 4,574 (±367) housing units, 29.6% 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 Lower township, Cape May County, New Jersey (county subdivision:41610, in state:34 county:009).

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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