What percentage of people rent in Red Bank Borough, NJ?

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

49.9% (±5.1 points) of the occupied homes in Red Bank Borough, NJ are rented (2020–2024 American Community Survey).

That is 2,988 renting households against 2,995 that own their home.

In Red Bank Borough, the share of households that rent went from 51.4% in 2015–2019 to 49.9% in 2020–2024 (−1.5 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 49.9% (±5.1 points)
Renting households: 2,988 (±364)
Median renter income: $74,318 (±$11,504)

Who rents and who owns in Red Bank Borough

Tenure, estimate (90% margin of error)
	Red Bank Borough	Monmouth County	New Jersey	United States
Renter-occupied share	49.9% (±5.1 points)	24.4% (±0.6 points)	36.2% (±0.2 points)	34.8%
Renting households	2,988 (±364)	61,539 (±1,684)	1,268,573 (±8,082)	45,017,354
Owning households	2,995 (±338)	190,173 (±1,568)	2,239,128 (±10,678)	84,210,142
Average renter household size	2.1 (±0.2)	2.1 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	2.2 (±0.2)	2.7 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$74,318 (±$11,504)	$62,592 (±$3,372)	$62,674 (±$718)	$52,966
Median owner household income	$133,917 (±$24,555)	$151,807 (±$2,620)	$133,477 (±$624)	$100,009

In Red Bank Borough, the renter share is higher than in Monmouth County (24.4%).

It is also higher than in New Jersey (36.2%).

It is higher than the national figure (34.8%).

In Monmouth County, Red Bank Borough ranks 5 of 53 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 67 of 564.

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

How renting in Red Bank Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	51.4% (±4.1 points)	49.9% (±5.1 points)	−1.5 percentage points	Not a measurable change
Median gross rent	$1,578 (±$136)	$2,026 (±$212)	+28.4%	No measurable change after inflation
Median household income	$74,181 (±$11,562)	$97,477 (±$12,660)	+31.4%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Red Bank Borough

Nearest places with a published estimate, compared with Red Bank Borough
Place	Distance	Households that rent	Compared with this place
Red Bank Borough	—	49.9% (±5.1 points)	—
Fairview	1.4 mi	7.5% (±5.0 points)	Lower
Shrewsbury Borough	1.6 mi	14.2% (±4.8 points)	Lower
Fair Haven Borough	1.7 mi	10.2% (±5.6 points)	Lower
Little Silver Borough	1.9 mi	3.7% (±3.7 points)	Lower
Shrewsbury Township	2.5 mi	30.9% (±8.8 points)	Lower
Oceanport Borough	3.3 mi	16.9% (±7.9 points)	Lower
Rumson Borough	3.4 mi	7.1% (±2.9 points)	Lower
Lincroft	3.6 mi	11.5% (±4.0 points)	Lower

Nearby places with a measurably lower figure: Fairview, NJ (7.5%), Shrewsbury Borough, NJ (14.2%), Fair Haven Borough, NJ (10.2%).

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

Households that rent across Monmouth County, place by place

Rank	Place	Households that rent
1	Asbury Park	72.3% (±4.0 points)
2	Long Branch	57.5% (±3.6 points)
3	Bradley Beach Borough	51.5% (±9.7 points)
4	Keansburg Borough	51.0% (±8.6 points)
5	Red Bank Borough	49.9% (±5.1 points)
6	Keyport Borough	49.8% (±7.5 points)
7	Matawan Borough	48.1% (±5.5 points)
8	Allenhurst Borough	47.5% (±12.9 points)
9	Freehold Borough	46.2% (±6.0 points)
10	Farmingdale Borough	44.5% (±7.1 points)
11	Belmar Borough	43.2% (±7.0 points)

Showing 11 of 53 places in Monmouth 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 Red Bank Borough

How many renters are there in Red Bank Borough?

Red Bank Borough has an estimated 2,988 (±364) renting households, 49.9% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Red Bank Borough?

In Red Bank Borough, the share of households that rent went from 51.4% in 2015–2019 to 49.9% in 2020–2024 (−1.5 percentage points), not a measurable change.

How big are renting households in Red Bank Borough?

A renting household in Red Bank Borough has 2.1 people on average, against 2.2 in an owned home.

How much do renters earn in Red Bank Borough?

The median renting household in Red Bank Borough, NJ has an income of $74,318 (±$11,504) a year, against $133,917 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 Red Bank borough, Monmouth County, New Jersey (county subdivision:62430, 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_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.