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
| Lower Township | Cape May County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 7.8% (±4.8 points) | 26.1% (±3.3 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.3% (±0.3 points) | 1.6% (±0.6 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 4,574 (±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
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Lower Township | — | 7.8% (±4.8 points) | — |
| Cape May | 3.0 mi | 44.3% (±12.5 points) | Higher |
| Rio Grande | 3.0 mi | 0.0% (±10.0 points) | Not measurably different |
| West Cape May Borough | 3.2 mi | 56.1% (±15.3 points) | Higher |
| Wildwood Crest Borough | 4.1 mi | 35.7% (±18.8 points) | Higher |
| Cape May Point Borough | 4.3 mi | 98.0% (±4.4 points) | Higher |
| West Wildwood Borough | 4.9 mi | 22.6% (±30.5 points) | Not measurably different |
| Whitesboro | 5.0 mi | 0.0% (±51.5 points) | Not measurably different |
| Wildwood | 5.0 mi | 18.1% (±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
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 6 | Cape May | 44.3% (±12.5 points) |
| 7 | Ocean City | 36.6% (±7.5 points) |
| 8 | Wildwood Crest Borough | 35.7% (±18.8 points) |
| 9 | West Wildwood Borough | 22.6% (±30.5 points) |
| 10 | North Wildwood | 22.0% (±21.0 points) |
| 11 | Wildwood | 18.1% (±7.5 points) |
| 12 | Lower Township | 7.8% (±4.8 points) |
| 13 | Dennis Township | 3.9% (±6.6 points) |
| 14 | Woodbine Borough | 3.1% (±4.9 points) |
| 15 | Middle Township | 1.5% (±1.3 points) |
| 16 | Upper Township | 0.0% (±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.
What you can do on Seayora in Lower Township
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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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lower township, Cape May County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lower township, Cape May 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 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.
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 Lower Township at a glance
- Median rent in Lower Township
- Rent by bedrooms in Lower Township
- Rent burden in Lower Township
- Renters and owners in Lower Township
- Income and affordability in Lower Township
- Home values in Lower Township
- Homeowner costs in Lower Township
- Property taxes in Lower Township
- Types of homes in Lower Township
- Bedrooms in Lower Township
- Age of homes in Lower Township
- Heating fuel in Lower Township
- Commute and cars in Lower Township
- Crime reported to police in Lower Township
- Population growth in Lower Township
- How long people stay in Lower Township
- Crowding and facilities in Lower Township
- New Jersey landlord and tenant rules
- Housing across Cape May County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey