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

Estimate (90% margin of error)
Raritan BoroughSomerset CountyNew JerseyUnited States
Rental vacancy rate1.4% (±2.2 points)2.0% (±0.8 points)3.5% (±0.2 points)5.5%
Homeowner vacancy rate0.0% (±2.7 points)0.3% (±0.2 points)0.7% (±0.1 points)0.9%
Vacant housing units23 (±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

Nearest places with a published estimate, compared with Raritan Borough
PlaceDistanceRental vacancy rateCompared with this place
Raritan Borough—1.4% (±2.2 points)—
Bradley Gardens0.9 mi0.0% (±8.5 points)Not measurably different
Somerville Borough2.0 mi1.3% (±1.9 points)Not measurably different
Bridgewater Center2.2 mi0.0% (±19.1 points)Not measurably different
Bridgewater Township2.6 mi6.7% (±5.7 points)Not measurably different
Green Knoll2.8 mi10.2% (±10.5 points)Not measurably different
Manville Borough3.6 mi10.1% (±8.6 points)Not measurably different
Branchburg Township3.8 mi0.0% (±4.6 points)Not measurably different
Finderne3.8 mi7.4% (±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

RankPlaceRental vacancy rate
3Watchung Borough19.4% (±18.7 points)
4Manville Borough10.1% (±8.6 points)
5Bridgewater Township6.7% (±5.7 points)
6Far Hills Borough5.2% (±6.7 points)
7North Plainfield Borough1.8% (±2.0 points)
8 (tie)Bernards Township1.4% (±1.5 points)
8 (tie)Raritan Borough1.4% (±2.2 points)
10Somerville Borough1.3% (±1.9 points)
11Bedminster Township0.7% (±1.0 points)
12Franklin Township (Somerset County)0.5% (±0.6 points)
13 (tie)Bound Brook Borough0.0% (±1.8 points)
13 (tie)Branchburg Township0.0% (±4.6 points)
13 (tie)Hillsborough Township0.0% (±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

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.

Request a Census API 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 .

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