What is the rental vacancy rate in Matawan Borough, NJ?
The rental vacancy rate in Matawan Borough, NJ is 1.7% (±2.8 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±2.2 points).
115 (±106) homes, 2.9% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Matawan Borough, the rental vacancy rate went from 6.2% in 2015–2019 to 1.7% in 2020–2024 (−4.5 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 1.7% (±2.8 points)
- Homeowner vacancy rate
- 0.0% (±2.2 points)
- Vacant homes
- 115 (±106)
Vacancy in Matawan Borough against Monmouth County, its state and the nation
| Matawan Borough | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 1.7% (±2.8 points) | 4.2% (±0.8 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±2.2 points) | 0.7% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 115 (±106) | 18,703 (±1,063) | 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 Matawan Borough, the rental vacancy rate is not measurably different from Monmouth County (4.2%).
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 Matawan Borough
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Matawan Borough | — | 1.7% (±2.8 points) | — |
| Strathmore | 1.0 mi | 0.0% (±12.9 points) | Not measurably different |
| Aberdeen Township | 1.4 mi | 1.6% (±2.0 points) | Not measurably different |
| Keyport Borough | 2.4 mi | 4.4% (±3.9 points) | Not measurably different |
| Morganville | 2.4 mi | 0.0% (±15.1 points) | Not measurably different |
| Cliffwood Beach | 2.4 mi | 0.0% (±38.1 points) | Not measurably different |
| Laurence Harbor | 2.8 mi | 22.4% (±15.1 points) | Higher |
| Brownville | 3.1 mi | 0.0% (±32.0 points) | Not measurably different |
| Hazlet Township | 3.7 mi | 0.0% (±4.8 points) | Not measurably different |
Nearby places with a measurably higher figure: Laurence Harbor, NJ (22.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Monmouth County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 24 | Asbury Park | 3.0% (±1.8 points) |
| 25 | Middletown Township | 2.9% (±3.5 points) |
| 26 (tie) | Allentown Borough | 2.6% (±3.3 points) |
| 26 (tie) | Farmingdale Borough | 2.6% (±4.5 points) |
| 28 | Spring Lake Heights Borough | 2.5% (±2.6 points) |
| 29 | Shrewsbury Township | 2.1% (±3.2 points) |
| 30 | Matawan Borough | 1.7% (±2.8 points) |
| 31 (tie) | Aberdeen Township | 1.6% (±2.0 points) |
| 31 (tie) | Avon-by-the-Sea Borough | 1.6% (±2.5 points) |
| 31 (tie) | Holmdel Township | 1.6% (±2.7 points) |
| 34 | Ocean Township (Monmouth County) | 1.2% (±1.4 points) |
| 35 (tie) | Colts Neck Township | 0.0% (±19.5 points) |
| 35 (tie) | Deal Borough | 0.0% (±37.6 points) |
Showing 13 of 53 places in Monmouth County, ranked from highest to lowest.
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 Matawan Borough
Is it hard to find a rental in Matawan Borough?
The rental vacancy rate in Matawan Borough, NJ is 1.7% (±2.8 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 Matawan Borough tighter than it was?
In Matawan Borough, the rental vacancy rate went from 6.2% in 2015–2019 to 1.7% in 2020–2024 (−4.5 percentage points), not a measurable change.
How many homes are vacant in Matawan Borough?
An estimated 115 (±106) housing units, 2.9% 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 — Matawan borough, Monmouth County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Matawan borough, Monmouth 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 Matawan borough, Monmouth County, New Jersey (county subdivision:44520, in state:34 county:025).
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 Matawan Borough at a glance
- Median rent in Matawan Borough
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- Renters and owners in Matawan Borough
- Income and affordability in Matawan Borough
- Home values in Matawan Borough
- Homeowner costs in Matawan Borough
- Property taxes in Matawan Borough
- Types of homes in Matawan Borough
- Bedrooms in Matawan Borough
- Age of homes in Matawan Borough
- Heating fuel in Matawan Borough
- Commute and cars in Matawan Borough
- Crime reported to police in Matawan Borough
- Population growth in Matawan Borough
- How long people stay in Matawan Borough
- Crowding and facilities in Matawan Borough
- New Jersey landlord and tenant rules
- Housing across Monmouth County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey