Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Somerset County, New Jersey?
County · Census ACS 5-Year estimates
The median gross rent in Somerset County, New Jersey is $2,033/month (±$52), based on Census ACS 5-Year estimates (2024). The median home value is $552,100 (±$7,374), and the median household income is $140,374/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Somerset County, New Jersey and Neighbouring Counties
Housing Metrics for Somerset County, New Jersey
| Metric | Value |
|---|---|
| Median Gross Rent | $2,033 |
| Median Home Value | $552,100 |
| Median Household Income | $140,374 |
| Total Housing Units | 130,802 |
| Renter-Occupied Units | 33,615 |
| Renter-Occupied Share | 26% |
| Households Paying 50%+ Income | 8,555 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $1,608 | +96.3% |
| 1 BR | $1,793 | +134.4% |
| 2 BR | $2,144 | +125.9% |
| 3 BR | $2,455 | +119.4% |
| 4 BR | $2,658 | +106.4% |
How does Somerset County, New Jersey compare?
Median gross rent ranked against all counties in New Jersey.
Higher rent than 100% of counties in New Jersey · 1st of 21
| # | County | Value |
|---|---|---|
| 1 | Somerset County(you are here) | $2,033 |
| 2 | Bergen County | $1,914 |
| 3 | Morris County | $1,904 |
| … 15 more … | ||
| 19 | Cape May County | $1,360 |
| 20 | Cumberland County | $1,282 |
| 21 | Salem County | $1,253 |
More data for Somerset County, New Jersey
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Frequently asked questions
What is the average rent in Somerset County, New Jersey?
The median gross rent in Somerset County, New Jersey is $2,033/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Somerset County, New Jersey?
The median rent for a 2-bedroom in Somerset County, New Jersey is $2,144/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$60. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Somerset County, New Jersey?
The median home value in Somerset County, New Jersey is $552,100 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Somerset County are rent-burdened?
In Somerset County, New Jersey, 8,555 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Somerset County, New Jersey?
The median household income in Somerset County, New Jersey is $140,374/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $2,033 has a margin of error of ±$52. In very small areas, MOEs can be large relative to the estimate.
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