What is the rental vacancy rate in New Milford Borough, NJ?
The rental vacancy rate in New Milford Borough, NJ is 0.0% (±1.8 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±1.2 points).
160 (±105) homes, 2.5% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In New Milford Borough, the rental vacancy rate went from 1.5% in 2015–2019 to 0.0% in 2020–2024 (−1.5 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 0.0% (±1.8 points)
- Homeowner vacancy rate
- 0.0% (±1.2 points)
- Vacant homes
- 160 (±105)
Vacancy in New Milford Borough against Bergen County, its state and the nation
| New Milford Borough | Bergen County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 0.0% (±1.8 points) | 3.0% (±0.5 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±1.2 points) | 0.6% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 160 (±105) | 14,486 (±1,042) | 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 New Milford Borough, the rental vacancy rate is lower than in Bergen County (3.0%).
It is also lower than in New Jersey (3.5%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near New Milford Borough
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| New Milford Borough | — | 0.0% (±1.8 points) | — |
| River Edge Borough | 1.1 mi | 2.6% (±4.3 points) | Not measurably different |
| Bergenfield Borough | 1.4 mi | 1.4% (±1.3 points) | Not measurably different |
| Dumont Borough | 1.6 mi | 0.0% (±2.5 points) | Not measurably different |
| Oradell Borough | 1.7 mi | 0.0% (±16.5 points) | Not measurably different |
| Haworth Borough | 2.3 mi | 0.0% (±46.6 points) | Not measurably different |
| Paramus Borough | 2.8 mi | 0.5% (±0.9 points) | Not measurably different |
| Emerson Borough | 2.8 mi | 0.0% (±18.6 points) | Not measurably different |
| Teaneck Township | 3.1 mi | 2.5% (±2.5 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Bergen County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 39 (tie) | Emerson Borough | 0.0% (±18.6 points) |
| 39 (tie) | Franklin Lakes Borough | 0.0% (±10.1 points) |
| 39 (tie) | Glen Rock Borough | 0.0% (±11.8 points) |
| 39 (tie) | Harrington Park Borough | 0.0% (±27.4 points) |
| 39 (tie) | Haworth Borough | 0.0% (±46.6 points) |
| 39 (tie) | Ho-Ho-Kus Borough | 0.0% (±33.9 points) |
| 39 (tie) | New Milford Borough | 0.0% (±1.8 points) |
| 39 (tie) | Northvale Borough | 0.0% (±10.5 points) |
| 39 (tie) | Norwood Borough | 0.0% (±10.4 points) |
| 39 (tie) | Oakland Borough | 0.0% (±13.1 points) |
| 39 (tie) | Old Tappan Borough | 0.0% (±31.4 points) |
| 39 (tie) | Oradell Borough | 0.0% (±16.5 points) |
| 39 (tie) | Palisades Park Borough | 0.0% (±0.9 points) |
Showing 13 of 70 places in Bergen 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 New Milford Borough
Is it hard to find a rental in New Milford Borough?
The rental vacancy rate in New Milford Borough, NJ is 0.0% (±1.8 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 New Milford Borough tighter than it was?
In New Milford Borough, the rental vacancy rate went from 1.5% in 2015–2019 to 0.0% in 2020–2024 (−1.5 percentage points), not a measurable change.
How many homes are vacant in New Milford Borough?
An estimated 160 (±105) housing units, 2.5% 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 — New Milford borough, Bergen County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — New Milford borough, Bergen 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 New Milford borough, Bergen County, New Jersey (county subdivision:51660, in state:34 county:003).
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 New Milford Borough at a glance
- Median rent in New Milford Borough
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- Renters and owners in New Milford Borough
- Income and affordability in New Milford Borough
- Home values in New Milford Borough
- Homeowner costs in New Milford Borough
- Property taxes in New Milford Borough
- Types of homes in New Milford Borough
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- Population growth in New Milford Borough
- How long people stay in New Milford Borough
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- Fair Market Rent in New Milford Borough
- Local landlord and tenant rules in New Milford Borough
- New Jersey landlord and tenant rules
- Housing across Bergen County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey