What is the rental vacancy rate in Wayne Township, NJ?
The rental vacancy rate in Wayne Township, NJ is 2.8% (±2.1 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.7% (±0.6 points).
597 (±210) homes, 3.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Wayne Township, the rental vacancy rate went from 1.0% in 2015–2019 to 2.8% in 2020–2024 (+1.8 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 2.8% (±2.1 points)
- Homeowner vacancy rate
- 0.7% (±0.6 points)
- Vacant homes
- 597 (±210)
Vacancy in Wayne Township against Passaic County, its state and the nation
| Wayne Township | Passaic County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 2.8% (±2.1 points) | 2.1% (±0.4 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.7% (±0.6 points) | 0.6% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 597 (±210) | 6,880 (±776) | 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 Wayne Township, the rental vacancy rate is not measurably different from Passaic County (2.1%).
It is not measurably different from New Jersey (3.5%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Wayne Township
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Wayne Township | — | 2.8% (±2.1 points) | — |
| Haledon Borough | 3.0 mi | 1.9% (±2.6 points) | Not measurably different |
| Totowa Borough | 3.2 mi | 2.4% (±3.7 points) | Not measurably different |
| Pequannock Township | 3.3 mi | 14.7% (±10.4 points) | Higher |
| North Haledon Borough | 3.4 mi | 0.0% (±20.6 points) | Not measurably different |
| Lincoln Park Borough | 3.4 mi | 0.0% (±5.1 points) | Not measurably different |
| Pompton Plains | 3.6 mi | 17.1% (±11.8 points) | Higher |
| Prospect Park Borough | 3.7 mi | 4.0% (±3.7 points) | Not measurably different |
| Singac | 4.2 mi | 14.9% (±14.9 points) | Not measurably different |
Nearby places with a measurably higher figure: Pequannock Township, NJ (14.7%), Pompton Plains, NJ (17.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Passaic County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Little Falls Township | 9.1% (±6.7 points) |
| 2 | Prospect Park Borough | 4.0% (±3.7 points) |
| 3 | Woodland Park Borough | 3.4% (±3.7 points) |
| 4 | Wayne Township | 2.8% (±2.1 points) |
| 5 (tie) | Paterson | 2.4% (±0.6 points) |
| 5 (tie) | Totowa Borough | 2.4% (±3.7 points) |
| 7 (tie) | Haledon Borough | 1.9% (±2.6 points) |
| 7 (tie) | Hawthorne Borough | 1.9% (±1.6 points) |
| 9 | Clifton | 1.5% (±0.9 points) |
| 10 | Bloomingdale Borough | 1.4% (±2.5 points) |
Showing 10 of 16 places in Passaic County, ranked from highest to lowest.
The figures for Wayne Township include the places inside it that have pages of their own: Packanack Lake, Pines Lake, Preakness, William Paterson University of New Jersey.
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 Wayne Township
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Questions about Wayne Township
Is it hard to find a rental in Wayne Township?
The rental vacancy rate in Wayne Township, NJ is 2.8% (±2.1 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 Wayne Township tighter than it was?
In Wayne Township, the rental vacancy rate went from 1.0% in 2015–2019 to 2.8% in 2020–2024 (+1.8 percentage points), not a measurable change.
How many homes are vacant in Wayne Township?
An estimated 597 (±210) housing units, 3.2% 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 — Wayne township, Passaic County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Wayne township, Passaic 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 Wayne township, Passaic County, New Jersey (county subdivision:77840, in state:34 county:031).
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 Wayne Township at a glance
- Median rent in Wayne Township
- Rent by bedrooms in Wayne Township
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- Renters and owners in Wayne Township
- Income and affordability in Wayne Township
- Home values in Wayne Township
- Homeowner costs in Wayne Township
- Property taxes in Wayne Township
- Types of homes in Wayne Township
- Bedrooms in Wayne Township
- Age of homes in Wayne Township
- Heating fuel in Wayne Township
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- Crime reported to police in Wayne Township
- Population growth in Wayne Township
- How long people stay in Wayne Township
- Crowding and facilities in Wayne Township
- Fair Market Rent in Wayne Township
- Local landlord and tenant rules in Wayne Township
- New Jersey landlord and tenant rules
- Housing across Passaic County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey