What is the rental vacancy rate in Somers Point, NJ?
The rental vacancy rate in Somers Point, NJ is 5.3% (±4.3 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.5% (±1.8 points).
1,051 (±239) homes, 18.5% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Somers Point, the rental vacancy rate went from 8.3% in 2015–2019 to 5.3% in 2020–2024 (−3.0 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 5.3% (±4.3 points)
- Homeowner vacancy rate
- 1.5% (±1.8 points)
- Vacant homes
- 1,051 (±239)
Vacancy in Somers Point against Atlantic County, its state and the nation
| Somers Point | Atlantic County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 5.3% (±4.3 points) | 4.3% (±1.2 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 1.5% (±1.8 points) | 0.8% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 1,051 (±239) | 22,642 (±865) | 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 Somers Point, the rental vacancy rate is not measurably different from Atlantic County (4.3%).
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 Somers Point
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Somers Point | — | 5.3% (±4.3 points) | — |
| Linwood | 2.6 mi | 0.0% (±24.2 points) | Not measurably different |
| Ocean City | 3.3 mi | 36.6% (±7.5 points) | Higher |
| Bargaintown | 3.6 mi | 0.0% (±36.4 points) | Not measurably different |
| Longport Borough | 4.3 mi | 21.4% (±24.8 points) | Not measurably different |
| Egg Harbor Township | 4.4 mi | 7.0% (±6.6 points) | Not measurably different |
| Northfield | 4.8 mi | 0.0% (±11.1 points) | Not measurably different |
| English Creek | 4.8 mi | 0.0% (±40.3 points) | Not measurably different |
| Marmora | 4.9 mi | 0.0% (±31.0 points) | Not measurably different |
Nearby places with a measurably higher figure: Ocean City, NJ (36.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Atlantic County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Longport Borough | 21.4% (±24.8 points) |
| 2 | Brigantine | 16.3% (±8.0 points) |
| 3 | Margate City | 10.3% (±11.2 points) |
| 4 | Hammonton Town | 8.3% (±7.0 points) |
| 5 | Egg Harbor Township | 7.0% (±6.6 points) |
| 6 | Somers Point | 5.3% (±4.3 points) |
| 7 | Atlantic City | 4.6% (±1.7 points) |
| 8 | Egg Harbor City | 4.3% (±6.8 points) |
| 9 | Ventnor City | 3.6% (±2.6 points) |
| 10 | Hamilton Township (Atlantic County) | 2.2% (±3.4 points) |
| 11 | Pleasantville | 1.8% (±1.6 points) |
| 12 | Galloway Township | 1.0% (±1.6 points) |
Showing 12 of 23 places in Atlantic 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 Somers Point
Is it hard to find a rental in Somers Point?
The rental vacancy rate in Somers Point, NJ is 5.3% (±4.3 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 Somers Point tighter than it was?
In Somers Point, the rental vacancy rate went from 8.3% in 2015–2019 to 5.3% in 2020–2024 (−3.0 percentage points), not a measurable change.
How many homes are vacant in Somers Point?
An estimated 1,051 (±239) housing units, 18.5% 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 — Somers Point city, Atlantic County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Somers Point city, Atlantic 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 Somers Point city, Atlantic County, New Jersey (county subdivision:68430, in state:34 county:001).
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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