What percentage of people rent in Rainbow Lakes, NJ?

Name: Renters and owners in Rainbow Lakes, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

32.6% (±11.6 points) of the occupied homes in Rainbow Lakes, NJ are rented (2020–2024 American Community Survey).

That is 176 renting households against 364 that own their home.

Figures last updated on November 12, 2026.

Households that rent: 32.6% (±11.6 points)
Renting households: 176 (±75)
Median renter income: $93,598 (±$26,992)

Who rents and who owns in Rainbow Lakes

Tenure, estimate (90% margin of error)
	Rainbow Lakes	Morris County	New Jersey	United States
Renter-occupied share	32.6% (±11.6 points)	25.7% (±0.8 points)	36.2% (±0.2 points)	34.8%
Renting households	176 (±75)	49,683 (±1,568)	1,268,573 (±8,082)	45,017,354
Owning households	364 (±77)	143,562 (±1,613)	2,239,128 (±10,678)	84,210,142
Average renter household size	2.4 (±0.6)	2.1 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	2.6 (±0.3)	2.8 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$93,598 (±$26,992)	$79,949 (±$4,109)	$62,674 (±$718)	$52,966
Median owner household income	$91,979 (±$15,695)	$165,144 (±$2,794)	$133,477 (±$624)	$100,009

In Rainbow Lakes, the renter share is not measurably different from Morris County (25.7%).

It is not measurably different from New Jersey (36.2%).

It is not measurably different from the national figure (34.8%).

In Morris County, Rainbow Lakes ranks 7 of 27 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 51 of 252.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Households that rent in places near Rainbow Lakes

Nearest places with a published estimate, compared with Rainbow Lakes
Place	Distance	Households that rent	Compared with this place
Rainbow Lakes	—	32.6% (±11.6 points)	—
Mount Tabor	1.0 mi	7.3% (±9.4 points)	Lower
Mountain Lakes Borough	1.3 mi	3.9% (±2.4 points)	Lower
Denville Township	2.0 mi	12.3% (±3.7 points)	Lower
Parsippany	2.3 mi	51.6% (±3.2 points)	Higher
Morris Plains Borough	2.6 mi	28.4% (±7.4 points)	Not measurably different
Boonton Town	3.3 mi	37.9% (±6.2 points)	Not measurably different
Troy Hills	3.5 mi	7.2% (±3.9 points)	Lower
Rockaway Borough	3.6 mi	39.6% (±9.6 points)	Not measurably different

Nearby places with a measurably lower figure: Mount Tabor, NJ (7.3%), Mountain Lakes Borough, NJ (3.9%), Denville Township, NJ (12.3%).

Nearby places with a measurably higher figure: Parsippany, NJ (51.6%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Morris County, place by place

Rank	Place	Households that rent
1	Parsippany	51.6% (±3.2 points)
2	Green Village	50.3% (±17.1 points)
3	Lake Hiawatha	41.5% (±6.7 points)
4	Cedar Knolls	41.1% (±12.4 points)
5	Flanders	40.9% (±5.3 points)
6	Pine Brook	35.3% (±10.4 points)
7	Rainbow Lakes	32.6% (±11.6 points)
8	Budd Lake	25.2% (±4.5 points)
9	Pompton Plains	18.8% (±4.3 points)
10	Mount Hope	16.9% (±9.0 points)
11	Stirling	16.4% (±8.5 points)
12	Landing	14.6% (±7.8 points)
13 (tie)	Ledgewood	13.5% (±5.3 points)

Showing 13 of 27 places in Morris County, ranked from highest to lowest.

Rainbow Lakes is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Parsippany-Troy Hills Township, whose figures include it.

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 Rainbow Lakes

How many renters are there in Rainbow Lakes?

Rainbow Lakes has an estimated 176 (±75) renting households, 32.6% of its occupied homes (2020–2024 American Community Survey).

How big are renting households in Rainbow Lakes?

A renting household in Rainbow Lakes has 2.4 people on average, against 2.6 in an owned home.

How much do renters earn in Rainbow Lakes?

The median renting household in Rainbow Lakes, NJ has an income of $93,598 (±$26,992) a year, against $91,979 for households that own their home.

Sources

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 Rainbow Lakes CDP, New Jersey (place:61560, in state:34).

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.

Request a Census API 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.