Somers Point, New Jersey Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Somers Point, New Jersey rental market.
Somers Point, New Jersey
Average Apartment Rent
$1,760
Y-o-Y Change in Average
Apartment Rent
-1.2%
As of March 2026
Compared to a year ago, Somers Point, New Jersey apartments have recorded a -1.2% rent decrease.
Somers Point, New Jersey Average apartment rent trend
Somers Point, New Jersey Average Apartment Rent
Somers Point, New Jersey Apartment rent ranges
At 89.34%, apartments priced $1,500 - $2,000 represent the bulk of Somers Point, New Jersey rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 1.64%.
Somers Point, New Jersey Housing tenure**
Renters take up 47% of Somers Point, New Jersey real estate, occupying a total of 2,201 units, while homeowners live in 2,449 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$42,894
Average household size of renter-occupied housing units**
2.28
Rental vacancy rate**
4.2%
Somers Point, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 1,132 rentals in Somers Point, New Jersey with 2 beds making up the highest share of the market, at 51%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 16 units. Overall, the median number of rooms in Somers Point, New Jersey homes for rent is 4.1.
Somers Point, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Somers Point, New Jersey are occupied by residents in the 25 - 34 years age group (20%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Somers Point, New Jersey Renter-occupied housing units by family type**
Somers Point, New Jersey Renter-occupied housing units by the presence of own children**
A total of 1,075 apartments for rent in Somers Point, New Jersey, or 49% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 616 units. All in all, the median size of a renter-occupied household in Somers Point, New Jersey is 2.28.
Somers Point, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Somers Point, New Jersey.
Somers Point, New Jersey Renter-occupied units by year structure built**
The highest share of Somers Point, New Jersey apartment rentals, namely 39% or 866 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (27%, 597 units), and the ones Built 1980 - 1989 (9%, 207 units).
Somers Point, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Somers Point, New Jersey renters (43%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Somers Point, New Jersey condos for rent is 2016.
Somers Point, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Somers Point, New Jersey renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 26% have No vehicle available.
Somers Point, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Somers Point, New Jersey Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Somers Point, New Jersey apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
