What is the rental vacancy rate in Salem, NJ?

The rental vacancy rate in Salem, NJ is 5.4% (±3.0 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 2.5% (±3.4 points).

687 (±127) homes, 22.4% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Salem, the rental vacancy rate went from 14.7% in 2015–2019 to 5.4% in 2020–2024 (−9.3 percentage points), a measurable decrease.

Figures last updated on .

Rental vacancy rate
5.4% (±3.0 points)
Homeowner vacancy rate
2.5% (±3.4 points)
Vacant homes
687 (±127)

Vacancy in Salem against Salem County, its state and the nation

Estimate (90% margin of error)
SalemSalem CountyNew JerseyUnited States
Rental vacancy rate5.4% (±3.0 points)6.3% (±2.2 points)3.5% (±0.2 points)5.5%
Homeowner vacancy rate2.5% (±3.4 points)0.3% (±0.3 points)0.7% (±0.1 points)0.9%
Vacant housing units687 (±127)2,886 (±384)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 Salem, the rental vacancy rate is not measurably different from Salem County (6.3%).

It is not measurably different from New Jersey (3.5%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Salem

Nearest places with a published estimate, compared with Salem
PlaceDistanceRental vacancy rateCompared with this place
Salem—5.4% (±3.0 points)—
Elsinboro Township2.8 mi6.8% (±8.6 points)Not measurably different
Pennsville Township4.3 mi6.8% (±6.1 points)Not measurably different
Mannington Township4.9 mi0.0% (±51.5 points)Not measurably different
Quinton Township5.1 mi0.0% (±16.5 points)Not measurably different
Pennsville5.7 mi6.9% (±6.2 points)Not measurably different
Delaware City6.5 mi2.5% (±4.1 points)Not measurably different
Alloway6.8 mi0.0% (±49.9 points)Not measurably different
Lower Alloways Creek Township8.2 mi0.0% (±24.3 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 Salem County, place by place

RankPlaceRental vacancy rate
3Pittsgrove Township12.5% (±13.8 points)
4Pilesgrove Township11.1% (±18.0 points)
5Elmer Borough9.9% (±12.0 points)
6 (tie)Elsinboro Township6.8% (±8.6 points)
6 (tie)Pennsville Township6.8% (±6.1 points)
8Carneys Point Township5.9% (±6.7 points)
9Salem5.4% (±3.0 points)
10Woodstown Borough4.2% (±6.6 points)
11Penns Grove Borough4.0% (±4.4 points)
12 (tie)Alloway Township0.0% (±23.0 points)
12 (tie)Lower Alloways Creek Township0.0% (±24.3 points)
12 (tie)Mannington Township0.0% (±51.5 points)
12 (tie)Quinton Township0.0% (±16.5 points)

Showing 13 of 15 places in Salem 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.

What you can do on Seayora in Salem

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Salem, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Salem beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Salem, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Salem

Is it hard to find a rental in Salem?

The rental vacancy rate in Salem, NJ is 5.4% (±3.0 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 Salem tighter than it was?

In Salem, the rental vacancy rate went from 14.7% in 2015–2019 to 5.4% in 2020–2024 (−9.3 percentage points), a measurable decrease.

How many homes are vacant in Salem?

An estimated 687 (±127) housing units, 22.4% 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 Salem city, Salem County, New Jersey (county subdivision:65490, in state:34 county:033).

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 .

Related