What is the rental vacancy rate in Somerville Borough, NJ?
The rental vacancy rate in Somerville Borough, NJ is 1.3% (±1.9 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±1.7 points).
151 (±90) homes, 2.5% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Somerville Borough, the rental vacancy rate went from 9.3% in 2015–2019 to 1.3% in 2020–2024 (−8.0 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 1.3% (±1.9 points)
- Homeowner vacancy rate
- 0.0% (±1.7 points)
- Vacant homes
- 151 (±90)
Vacancy in Somerville Borough against Somerset County, its state and the nation
| Somerville Borough | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 1.3% (±1.9 points) | 2.0% (±0.8 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±1.7 points) | 0.3% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 151 (±90) | 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 Somerville Borough, the rental vacancy rate is not measurably different from Somerset County (2.0%).
It is also lower than in New Jersey (3.5%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Somerville Borough
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Somerville Borough | — | 1.3% (±1.9 points) | — |
| Bridgewater Township | 1.6 mi | 6.7% (±5.7 points) | Not measurably different |
| Finderne | 1.9 mi | 7.4% (±11.1 points) | Not measurably different |
| Raritan Borough | 2.0 mi | 1.4% (±2.2 points) | Not measurably different |
| Manville Borough | 2.2 mi | 10.1% (±8.6 points) | Not measurably different |
| Green Knoll | 2.4 mi | 10.2% (±10.5 points) | Not measurably different |
| Martinsville | 2.8 mi | 18.2% (±24.7 points) | Not measurably different |
| Bradley Gardens | 2.9 mi | 0.0% (±8.5 points) | Not measurably different |
| Bridgewater Center | 3.0 mi | 0.0% (±19.1 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
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 4 | Manville Borough | 10.1% (±8.6 points) |
| 5 | Bridgewater Township | 6.7% (±5.7 points) |
| 6 | Far Hills Borough | 5.2% (±6.7 points) |
| 7 | North Plainfield Borough | 1.8% (±2.0 points) |
| 8 (tie) | Bernards Township | 1.4% (±1.5 points) |
| 8 (tie) | Raritan Borough | 1.4% (±2.2 points) |
| 10 | Somerville Borough | 1.3% (±1.9 points) |
| 11 | Bedminster Township | 0.7% (±1.0 points) |
| 12 | Franklin Township (Somerset County) | 0.5% (±0.6 points) |
| 13 (tie) | Bound Brook Borough | 0.0% (±1.8 points) |
| 13 (tie) | Branchburg Township | 0.0% (±4.6 points) |
| 13 (tie) | Hillsborough Township | 0.0% (±1.3 points) |
| 13 (tie) | Millstone Borough | 0.0% (±74.4 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 Somerville Borough
Is it hard to find a rental in Somerville Borough?
The rental vacancy rate in Somerville Borough, NJ is 1.3% (±1.9 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 Somerville Borough tighter than it was?
In Somerville Borough, the rental vacancy rate went from 9.3% in 2015–2019 to 1.3% in 2020–2024 (−8.0 percentage points), a measurable decrease.
How many homes are vacant in Somerville Borough?
An estimated 151 (±90) housing units, 2.5% 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 — Somerville borough, Somerset County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Somerville borough, Somerset 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 Somerville borough, Somerset County, New Jersey (county subdivision:68460, 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.
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
- Housing in Somerville Borough at a glance
- Median rent in Somerville Borough
- Rent by bedrooms in Somerville Borough
- Rent burden in Somerville Borough
- Renters and owners in Somerville Borough
- Income and affordability in Somerville Borough
- Home values in Somerville Borough
- Homeowner costs in Somerville Borough
- Property taxes in Somerville Borough
- Types of homes in Somerville Borough
- Bedrooms in Somerville Borough
- Age of homes in Somerville Borough
- Heating fuel in Somerville Borough
- Commute and cars in Somerville Borough
- Crime reported to police in Somerville Borough
- Population growth in Somerville Borough
- How long people stay in Somerville Borough
- Crowding and facilities in Somerville Borough
- Local landlord and tenant rules in Somerville Borough
- New Jersey landlord and tenant rules
- Housing across Somerset County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey