Ranked from ACS 2023 5-Year
Highest Price-to-Rent Ratios in New Jersey
The counties where a home costs the most years of rent. A high ratio does not mean a place is overpriced. It can also mean rents are held down, or that buyers are paying for land, schools or a view that a renter cannot get at any price. It does mean the arithmetic of buying rests more on what the house is worth later and less on what it saves you each month. Median home value over twelve months of median gross rent, both Census five-year estimates.
New Jersey ranked
| # | County | Price-to-rent | Median home | Median rent |
|---|---|---|---|---|
| 1 | Essex County | 28.2 yrs | $494,400 | $1,459 |
| 2 | Monmouth County | 26.7 yrs | $566,500 | $1,771 |
| 3 | Bergen County | 26.5 yrs | $593,200 | $1,863 |
| 4 | Morris County | 25.0 yrs | $557,000 | $1,860 |
| 5 | Union County | 24.5 yrs | $488,800 | $1,664 |
| 6 | Cape May County | 24.5 yrs | $395,000 | $1,345 |
| 7 | Hunterdon County | 24.4 yrs | $498,800 | $1,707 |
| 8 | Passaic County | 23.6 yrs | $439,400 | $1,553 |
| 9 | Hudson County | 23.4 yrs | $508,600 | $1,811 |
| 10 | Somerset County | 22.7 yrs | $523,900 | $1,921 |
| 11 | Middlesex County | 20.2 yrs | $439,300 | $1,810 |
| 12 | Warren County | 19.7 yrs | $323,100 | $1,368 |
| 13 | Mercer County | 19.3 yrs | $351,000 | $1,515 |
| 14 | Sussex County | 19.0 yrs | $342,800 | $1,503 |
| 15 | Ocean County | 17.9 yrs | $366,600 | $1,702 |
| 16 | Atlantic County | 17.2 yrs | $272,700 | $1,325 |
| 17 | Burlington County | 16.3 yrs | $326,700 | $1,669 |
| 18 | Camden County | 16.2 yrs | $262,200 | $1,346 |
| 19 | Gloucester County | 16.0 yrs | $283,500 | $1,480 |
| 20 | Salem County | 15.7 yrs | $223,000 | $1,185 |
| 21 | Cumberland County | 13.7 yrs | $205,600 | $1,254 |
Every figure is modelled on the county's own median home with 20% down at 7.03%. Property tax and electricity are county and state specific; homeowners insurance uses the NAIC average premium for that state, which ranges from 0.16% of home value in Hawaii to 1.16% in Oklahoma. Maintenance and water are national estimates. Full methodology.
Nationwide
Highest Price-to-Rent Ratios across all 3,133 US counties · Every county in New Jersey