What is the rental vacancy rate in Ocean Township (Monmouth County), NJ?
The rental vacancy rate in Ocean Township (Monmouth County), NJ is 1.2% (±1.4 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±0.6 points).
896 (±197) homes, 7.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Ocean Township (Monmouth County), the rental vacancy rate went from 1.9% in 2015–2019 to 1.2% in 2020–2024 (−0.7 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 1.2% (±1.4 points)
- Homeowner vacancy rate
- 0.0% (±0.6 points)
- Vacant homes
- 896 (±197)
Vacancy in Ocean Township (Monmouth County) against Monmouth County, its state and the nation
| Ocean Township (Monmouth County) | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 1.2% (±1.4 points) | 4.2% (±0.8 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±0.6 points) | 0.7% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 896 (±197) | 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 Ocean Township (Monmouth County), the rental vacancy rate is lower than in Monmouth County (4.2%).
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 Ocean Township (Monmouth County)
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Ocean Township (Monmouth County) | — | 1.2% (±1.4 points) | — |
| Interlaken Borough | 1.6 mi | 0.0% (±72.8 points) | Not measurably different |
| Deal Borough | 1.8 mi | 0.0% (±37.6 points) | Not measurably different |
| Allenhurst Borough | 2.0 mi | 3.4% (±4.2 points) | Not measurably different |
| Loch Arbour Village | 2.3 mi | 0.0% (±100.0 points) | Not measurably different |
| West Long Branch Borough | 2.4 mi | 3.4% (±5.7 points) | Not measurably different |
| Asbury Park | 2.5 mi | 3.0% (±1.8 points) | Not measurably different |
| Eatontown Borough | 2.8 mi | 3.9% (±4.8 points) | Not measurably different |
| Neptune Township | 3.0 mi | 4.4% (±2.9 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 Monmouth County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 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) |
| 35 (tie) | Englishtown Borough | 0.0% (±16.8 points) |
| 35 (tie) | Fair Haven Borough | 0.0% (±19.3 points) |
| 35 (tie) | Hazlet Township | 0.0% (±4.8 points) |
| 35 (tie) | Interlaken Borough | 0.0% (±72.8 points) |
Showing 13 of 53 places in Monmouth County, ranked from highest to lowest.
The figures for Ocean Township (Monmouth County) include the places inside it that have pages of their own: Oakhurst, Wanamassa.
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 Ocean Township (Monmouth County)
Is it hard to find a rental in Ocean Township (Monmouth County)?
The rental vacancy rate in Ocean Township (Monmouth County), NJ is 1.2% (±1.4 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 Ocean Township (Monmouth County) tighter than it was?
In Ocean Township (Monmouth County), the rental vacancy rate went from 1.9% in 2015–2019 to 1.2% in 2020–2024 (−0.7 percentage points), not a measurable change.
How many homes are vacant in Ocean Township (Monmouth County)?
An estimated 896 (±197) housing units, 7.6% 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 — Ocean township, Monmouth County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Ocean township, 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 Ocean township, Monmouth County, New Jersey (county subdivision:54270, 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
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- Housing data for every place in New Jersey