What percentage of people rent in Mount Laurel Township, NJ?
23.0% (±2.6 points) of the occupied homes in Mount Laurel Township, NJ are rented (2020–2024 American Community Survey).
That is 4,512 renting households against 15,145 that own their home.
In Mount Laurel Township, the share of households that rent went from 24.0% in 2015–2019 to 23.0% in 2020–2024 (−1.0 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 23.0% (±2.6 points)
- Renting households
- 4,512 (±555)
- Median renter income
- $94,205 (±$8,779)
Who rents and who owns in Mount Laurel Township
| Mount Laurel Township | Burlington County | New Jersey | United States | |
|---|---|---|---|---|
| Renter-occupied share | 23.0% (±2.6 points) | 23.9% (±0.8 points) | 36.2% (±0.2 points) | 34.8% |
| Renting households | 4,512 (±555) | 42,298 (±1,437) | 1,268,573 (±8,082) | 45,017,354 |
| Owning households | 15,145 (±575) | 134,924 (±1,361) | 2,239,128 (±10,678) | 84,210,142 |
| Average renter household size | 2.1 (±0.1) | 2.2 (±0.1) | 2.4 (±0.0) | 2.3 |
| Average owner household size | 2.4 (±0.1) | 2.7 (±0.0) | 2.8 (±0.0) | 2.6 |
| Median renter household income | $94,205 (±$8,779) | $65,698 (±$3,821) | $62,674 (±$718) | $52,966 |
| Median owner household income | $129,947 (±$5,886) | $124,194 (±$2,574) | $133,477 (±$624) | $100,009 |
In Mount Laurel Township, the renter share is not measurably different from Burlington County (23.9%).
It is also lower than in New Jersey (36.2%).
It is lower than the national figure (34.8%).
In Burlington County, Mount Laurel Township ranks 21 of 40 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 269 of 564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Mount Laurel Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 24.0% (±2.0 points) | 23.0% (±2.6 points) | −1.0 percentage points | Not a measurable change |
| Median gross rent | $1,617 (±$65) | $2,143 (±$85) | +32.5% | Up after inflation |
| Median household income | $94,832 (±$3,445) | $118,802 (±$5,339) | +25.3% | 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 Mount Laurel Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Mount Laurel Township | — | 23.0% (±2.6 points) | — |
| Moorestown Township | 3.0 mi | 18.7% (±2.8 points) | Lower |
| Moorestown-Lenola | 3.5 mi | 20.9% (±3.4 points) | Not measurably different |
| Marlton | 3.6 mi | 44.3% (±4.9 points) | Higher |
| Hainesport Township | 3.9 mi | 10.7% (±5.8 points) | Lower |
| Greentree | 4.8 mi | 20.0% (±4.6 points) | Not measurably different |
| Maple Shade Township | 5.0 mi | 51.0% (±3.4 points) | Higher |
| Delran Township | 5.1 mi | 26.0% (±4.4 points) | Not measurably different |
| Kingston Estates | 5.2 mi | 44.2% (±10.7 points) | Higher |
Nearby places with a measurably lower figure: Moorestown Township, NJ (18.7%), Hainesport Township, NJ (10.7%).
Nearby places with a measurably higher figure: Marlton, NJ (44.3%), Maple Shade Township, NJ (51.0%), Kingston Estates, NJ (44.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Burlington County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 15 | Pemberton Township | 26.7% (±3.3 points) |
| 16 | Beverly | 26.5% (±8.2 points) |
| 17 | Delran Township | 26.0% (±4.4 points) |
| 18 | Edgewater Park Township | 25.5% (±6.1 points) |
| 19 | Riverton Borough | 23.2% (±6.8 points) |
| 20 (tie) | Burlington Township | 23.0% (±4.4 points) |
| 20 (tie) | Mount Laurel Township | 23.0% (±2.6 points) |
| 22 | Delanco Township | 22.0% (±7.1 points) |
| 23 | Washington Township (Burlington County) | 18.9% (±9.9 points) |
| 24 | Moorestown Township | 18.7% (±2.8 points) |
| 25 | Florence Township | 17.8% (±3.6 points) |
| 26 | Fieldsboro Borough | 15.9% (±12.1 points) |
| 27 | Willingboro Township | 15.7% (±2.5 points) |
Showing 13 of 40 places in Burlington County, ranked from highest to lowest.
The figures for Mount Laurel Township include the places inside it that have pages of their own: Ramblewood.
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 Mount Laurel Township
How many renters are there in Mount Laurel Township?
Mount Laurel Township has an estimated 4,512 (±555) renting households, 23.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Mount Laurel Township?
In Mount Laurel Township, the share of households that rent went from 24.0% in 2015–2019 to 23.0% in 2020–2024 (−1.0 percentage points), not a measurable change.
How big are renting households in Mount Laurel Township?
A renting household in Mount Laurel Township has 2.1 people on average, against 2.4 in an owned home.
How much do renters earn in Mount Laurel Township?
The median renting household in Mount Laurel Township, NJ has an income of $94,205 (±$8,779) a year, against $129,947 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mount Laurel township, Burlington County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Mount Laurel township, Burlington County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Mount Laurel township, Burlington County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Mount Laurel township, Burlington County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Mount Laurel township, Burlington County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Mount Laurel township, Burlington County, New Jersey (county subdivision:49020, in state:34 county:005).
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.
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 .
Related
- Housing in Mount Laurel Township at a glance
- Median rent in Mount Laurel Township
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- Income and affordability in Mount Laurel Township
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- Homeowner costs in Mount Laurel Township
- Property taxes in Mount Laurel Township
- Types of homes in Mount Laurel Township
- Bedrooms in Mount Laurel Township
- Age of homes in Mount Laurel Township
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- Crime reported to police in Mount Laurel Township
- Population growth in Mount Laurel Township
- How long people stay in Mount Laurel Township
- Crowding and facilities in Mount Laurel Township
- Fair Market Rent in Mount Laurel Township
- New Jersey landlord and tenant rules
- Housing across Burlington County
- New Jersey places ranked by share of renters
- Housing data for every place in New Jersey