What is the median rent in Somerdale Borough, NJ?
The median gross rent in Somerdale Borough, NJ is $1,097 (±$88) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 682 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Somerdale Borough, the median gross rent went from $892 in 2015–2019 to $1,097 in 2020–2024 (+23.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,097 (±$88)
- Rented homes
- 682 (±117)
- $2,000 or more
- 9.4%
- Since 2015–2019
- +23.0%
How much rent costs in Somerdale Borough
| Monthly gross rent | Somerdale Borough | Camden County | New Jersey | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±6.4 points) | 7.5% | 6.1% | 6.3% |
| $500 to $999 | 33.9% (±16.9 points) | 14.2% | 7.9% | 20.2% |
| $1,000 to $1,499 | 50.6% (±14.0 points) | 35.6% | 23.5% | 28.1% |
| $1,500 to $1,999 | 6.2% (±5.7 points) | 25.7% | 28.5% | 21.1% |
| $2,000 to $2,499 | 8.1% (±8.6 points) | 12.1% | 17.2% | 12.0% |
| $2,500 to $2,999 | 1.3% (±1.9 points) | 3.0% | 7.9% | 5.5% |
| $3,000 or more | 0.0% (±6.4 points) | 1.9% | 8.9% | 6.8% |
The most common range is $1,000 to $1,499, paid by 50.6% of renting households.
9.4% of rented homes in Somerdale Borough cost $2,000 or more a month.
Somerdale Borough against Camden County, its state and the nation
| Somerdale Borough | Camden County | New Jersey | United States | |
|---|---|---|---|---|
| Median gross rent | $1,097 (±$88) | $1,402 (±$20) | $1,720 (±$7) | $1,413 |
| Rented homes paying rent | 682 (±117) | 69,461 (±1,903) | 1,230,839 (±7,912) | 42,849,984 |
In Somerdale Borough, median gross rent is lower than in Camden County ($1,402).
It is also lower than in New Jersey ($1,720).
It is lower than the national figure ($1,413).
In Camden County, Somerdale Borough ranks 32 of 34 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 532 of 548.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Somerdale Borough has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $892 (±$39) | $1,097 (±$88) | +23.0% | No measurable change after inflation |
| Households that rent | 28.2% (±5.3 points) | 28.6% (±4.6 points) | +0.4 percentage points | Not a measurable change |
| Rental vacancy rate | 3.4% (±5.0 points) | 0.0% (±6.3 points) | −3.4 percentage points | Not a measurable change |
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.
Median gross rent in places near Somerdale Borough
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Somerdale Borough | — | $1,097 (±$88) | — |
| Hi-nella Borough | 0.6 mi | $1,591 (±$122) | Higher |
| Magnolia Borough | 1.1 mi | $1,427 (±$276) | Higher |
| Stratford Borough | 1.2 mi | $1,190 (±$95) | Not measurably different |
| Echelon | 1.5 mi | $1,717 (±$52) | Higher |
| Lawnside Borough | 1.6 mi | $1,073 (±$201) | Not measurably different |
| Laurel Springs Borough | 1.9 mi | $1,181 (±$86) | Not measurably different |
| Ashland | 2.2 mi | $2,529 (±$446) | Higher |
| Barrington Borough | 2.3 mi | $1,320 (±$120) | Higher |
Nearby places with a measurably higher figure: Hi-nella Borough, NJ ($1,591), Magnolia Borough, NJ ($1,427), Echelon, NJ ($1,717).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Camden County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 26 | Merchantville Borough | $1,212 (±$140) |
| 27 | Pennsauken Township | $1,209 (±$76) |
| 28 | Stratford Borough | $1,190 (±$95) |
| 29 | Laurel Springs Borough | $1,181 (±$86) |
| 30 | Clementon Borough | $1,169 (±$359) |
| 31 | Haddon Heights Borough | $1,166 (±$158) |
| 32 | Somerdale Borough | $1,097 (±$88) |
| 33 | Lawnside Borough | $1,073 (±$201) |
| 34 | Audubon Park Borough | $979 (±$60) |
Showing 9 of 34 places in Camden 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 Somerdale Borough
What is the average rent in Somerdale Borough, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Somerdale Borough is $1,097 (±$88) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Somerdale Borough?
In Somerdale Borough, the median gross rent went from $892 in 2015–2019 to $1,097 in 2020–2024 (+23.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Somerdale Borough cost more than $2,000 a month?
9.4% of rented homes in Somerdale Borough have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Somerdale Borough higher than in Camden County?
In Somerdale Borough, median gross rent is lower than in Camden County ($1,402).
It is also lower than in New Jersey ($1,720).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Somerdale borough, Camden County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Somerdale borough, Camden County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Somerdale borough, Camden County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Somerdale borough, Camden County, New Jersey (county subdivision:68340, in state:34 county:007).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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
- Housing in Somerdale Borough at a glance
- Rent by bedrooms in Somerdale Borough
- Rent burden in Somerdale Borough
- Renters and owners in Somerdale Borough
- Income and affordability in Somerdale Borough
- Home values in Somerdale Borough
- Homeowner costs in Somerdale Borough
- Property taxes in Somerdale Borough
- Types of homes in Somerdale Borough
- Bedrooms in Somerdale Borough
- Age of homes in Somerdale Borough
- Heating fuel in Somerdale Borough
- Commute and cars in Somerdale Borough
- Crime reported to police in Somerdale Borough
- Population growth in Somerdale Borough
- How long people stay in Somerdale Borough
- Fair Market Rent in Somerdale Borough
- New Jersey landlord and tenant rules
- Housing across Camden County
- New Jersey places ranked by median rent
- Housing data for every place in New Jersey