What is the rental vacancy rate in Raritan Borough, NJ?
The rental vacancy rate in Raritan Borough, NJ is 1.4% (±2.2 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±2.7 points).
23 (±37) homes, 0.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Raritan Borough, the rental vacancy rate went from 3.5% in 2015–2019 to 1.4% in 2020–2024 (−2.1 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 1.4% (±2.2 points)
- Homeowner vacancy rate
- 0.0% (±2.7 points)
- Vacant homes
- 23 (±37)
Vacancy in Raritan Borough against Somerset County, its state and the nation
| Raritan Borough | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 1.4% (±2.2 points) | 2.0% (±0.8 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±2.7 points) | 0.3% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 23 (±37) | 2,837 (±431) | 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 Raritan Borough, the rental vacancy rate is not measurably different from Somerset County (2.0%).
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 Raritan Borough
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Raritan Borough | — | 1.4% (±2.2 points) | — |
| Bradley Gardens | 0.9 mi | 0.0% (±8.5 points) | Not measurably different |
| Somerville Borough | 2.0 mi | 1.3% (±1.9 points) | Not measurably different |
| Bridgewater Center | 2.2 mi | 0.0% (±19.1 points) | Not measurably different |
| Bridgewater Township | 2.6 mi | 6.7% (±5.7 points) | Not measurably different |
| Green Knoll | 2.8 mi | 10.2% (±10.5 points) | Not measurably different |
| Manville Borough | 3.6 mi | 10.1% (±8.6 points) | Not measurably different |
| Branchburg Township | 3.8 mi | 0.0% (±4.6 points) | Not measurably different |
| Finderne | 3.8 mi | 7.4% (±11.1 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 Somerset County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 3 | Watchung Borough | 19.4% (±18.7 points) |
| 4 | Manville Borough | 10.1% (±8.6 points) |
| 5 | Bridgewater Township | 6.7% (±5.7 points) |
| 6 | Far Hills Borough | 5.2% (±6.7 points) |
| 7 | North Plainfield Borough | 1.8% (±2.0 points) |
| 8 (tie) | Bernards Township | 1.4% (±1.5 points) |
| 8 (tie) | Raritan Borough | 1.4% (±2.2 points) |
| 10 | Somerville Borough | 1.3% (±1.9 points) |
| 11 | Bedminster Township | 0.7% (±1.0 points) |
| 12 | Franklin Township (Somerset County) | 0.5% (±0.6 points) |
| 13 (tie) | Bound Brook Borough | 0.0% (±1.8 points) |
| 13 (tie) | Branchburg Township | 0.0% (±4.6 points) |
| 13 (tie) | Hillsborough Township | 0.0% (±1.3 points) |
Showing 13 of 21 places in Somerset 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 Raritan Borough
Is it hard to find a rental in Raritan Borough?
The rental vacancy rate in Raritan Borough, NJ is 1.4% (±2.2 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 Raritan Borough tighter than it was?
In Raritan Borough, the rental vacancy rate went from 3.5% in 2015–2019 to 1.4% in 2020–2024 (−2.1 percentage points), not a measurable change.
How many homes are vacant in Raritan Borough?
An estimated 23 (±37) housing units, 0.7% 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 — Raritan borough, Somerset County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Raritan borough, Somerset 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 Raritan borough, Somerset County, New Jersey (county subdivision:61980, in state:34 county:035).
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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- New Jersey landlord and tenant rules
- Housing across Somerset County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey