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Rental Insights for ZIP Code 08832 (Keasbey, NJ)

Housing Rentals in ZIP Code 08832 (Keasbey, NJ)

08832 ZIP Code in New Jersey

Learn About Housing Rentals in ZIP Code 08832

ZIP Code 08832 is primarily located in Keasbey, NJ in Middlesex County. This region of New Jersey has an estimated median housing rent of $1,408 per month. About 76.3% of all housing units in this Middlesex County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 3.5%.

The median rent in ZIP Code 08832 of $1,408 per month is 6% higher than the aggregate New Jersey median monthly rent of $1,334, and is 33% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 56.2% of renters in ZIP Code 08832 pay between $1,000 and $1,499 per month for housing. That is 45% higher than in New Jersey overall, in which 38.7% of total state residents pay between $1,000 and $1,499 per month for housing. Only 2.4% of renters in this Keasbey, NJ region pay between $2,000 and $2,499 per month for rent.

ZIP Code 08832 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 08832

See the chart below for a comparison of monthly rental costs in ZIP Code 08832, New Jersey, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 08832 along with those in the state of New Jersey and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 08832

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 08832 New Jersey U.S.
Less than $500 5.9% 8.0% 9.4%
$500 to $999 4.6% 16.0% 36.2%
$1,000 to $1,499 56.2% 38.7% 30.0%
$1,500 to $1,999 31.0% 22.0% 14.0%
$2,000 to $2,499 2.4% 8.5% 5.6%
$2,500 to $2,999 0.0% 3.6% 2.4%
$3,000 or more 0.0% 3.1% 2.4%

Rent Cost vs. Income in ZIP Code 08832

Renters in ZIP Code 08832 use an estimated 29.57% of their income to cover their monthly rent payments. That is about 3% lower than in New Jersey overall. The estimate for New Jersey overall is 30.35% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 08832 renters use about 1% less of their income to cover rent expense. Household income figures for ZIP Code 08832 come in lower than in New Jersey as a whole. The median annual household income in ZIP Code 08832 of $65,761 sits approximately 20% lower than the overall New Jersey median income of $82,545 and approximately 5% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 08832

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 08832, New Jersey, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 08832 along with the same calculations in the state of New Jersey and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 08832

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 08832 New Jersey U.S.
Less than 15.0 percent 13.1% 12.1% 13.1%
15.0 to 19.9 percent 13.8% 12.4% 12.9%
20.0 to 24.9 percent 17.4% 12.6% 12.9%
25.0 to 29.9 percent 8.6% 11.6% 11.6%
30.0 to 34.9 percent 4.5% 9.0% 9.1%
35.0 percent or more 42.6% 42.4% 40.5%

Household Income in ZIP Code 08832

See the table below for the regional comparison of annual household income in ZIP Code 08832.

Income ZIP 08832 New Jersey U.S.
Less than $10,000 7.8% 4.9% 6.0%
$10,000 to $14,999 4.7% 3.2% 4.3%
$15,000 to $24,999 4.6% 7.1% 8.9%
$25,000 to $34,999 4.6% 6.9% 8.9%
$35,000 to $49,999 15.4% 9.4% 12.3%
$50,000 to $74,999 22.1% 14.6% 17.2%
$75,000 to $99,999 12.9% 12.1% 12.7%
$100,000 to $149,999 21.9% 17.7% 15.1%
$150,000 to $199,999 1.1% 10.1% 6.8%
$200,000 or more 4.9% 14.0% 7.7%

Household Income in ZIP Code 08832

See the chart below for a comparison of annual household income figures in ZIP Code 08832, New Jersey, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 08832 alongside the same figures for the state of New Jersey and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 08832

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 08832.

ZIP 08832 New Jersey U.S.
Median Housing Rent $1,408 $1,334 $1,062
Renter-Occupied Housing Units 76.3% 36.1% 36.0%
Rental Vacancy Rate 3.5% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.90 2.50 2.49
Average # of Bedrooms Per Unit 1.89 2.75 2.75
Percent of Income Spent on Rent 29.57% 30.35% 29.83%
Per Capita Income $25,273 $42,745 $34,103
Median Household Income $73,571 $114,691 $88,607
Living Below the Poverty Line 14.4% 7.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 08832

In ZIP Code 08832 (Keasbey, NJ), and estimated 76.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.5%.

The per capita income in 08832 is estimated at $25,273, which goes along with an estimated median household income of $73,571. About 14.4% of residents in this Middlesex County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.90 occupants, while the units have an aggregate average size of 1.89 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.57% of their income on housing rental costs.

Rental FAQs for ZIP Code 08832

1

What is the median monthly rent in ZIP Code 08832?

Median rent for housing in ZIP Code 08832 in Middlesex County in New Jersey is approximately $1,408 per month.
2

Is it expensive to rent in ZIP Code 08832?

Rent in ZIP Code 08832 is higher than average in the state of New Jersey overall. The median monthly rent of $1,408 in ZIP Code 08832 is approximately 6% higher than the New Jersey median of $1,334. Additionally, median rent in this Keasbey, NJ region ($1,408) is about 33% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 08832?

High-priced rentals are not common in the Keasbey, NJ ZIP Code of 08832, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of New Jersey overall, approximately 3.1% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 08832?

Affordable rentals are less common in ZIP Code 08832 than in New Jersey overall. The percentage of housing rentals in ZIP Code 08832 costing $999 or less per month (10.5%) is approximately 56% lower than the New Jersey rate of 24% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 77% higher than the previously mentioned 08832 rate of 10.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 08832?

The most common range for rental cost in ZIP Code 08832 is between $1,000 and $1,499 per month. About 56.2% of renters in 08832 pay in this range for monthly rent. In comparison, approximately 38.7% of renters in the state of New Jersey fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 08832 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 08832 is lower than the rental vacancy rate in the state of New Jersey overall. Rental vacancy of 3.5% in ZIP Code 08832 is about 27% lower than the New Jersey rate of 4.8%. Looking more broadly, rental vacancy in this Keasbey, NJ region (3.5%) is an estimated 42% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 08832? How does it compare to other New Jersey regions?

Median household income in ZIP Code 08832 is lower than in the state of New Jersey overall. Annual household income of $65,761 in ZIP Code 08832 is about 20% lower than the New Jersey median of $82,545. Additionally, median household income in this Keasbey, NJ region ($65,761) is approximately 5% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 08832 spend on housing costs?

Renters in ZIP Code 08832 spend a lower amount of their income on rent costs than do renters in New Jersey overall. Renters in ZIP Code 08832 spend an estimated 29.57% of their income on rent payments, which is about 3% lower than the overall New Jersey estimated rate of 30.35%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 1% higher than the ZIP Code 08832 estimated rate of 29.57%.
9

Do renters in ZIP Code 08832 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 08832 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 08832 spending 30 percent or more of their income on rent costs (47.1%) is approximately 8% lower than the New Jersey rate of 51.4% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 5% higher than the aforementioned 08832 rate of 47.1%.
10

What is the average household size of renter-occupied units in ZIP Code 08832?

The average household size of renter-occupied units in ZIP Code 08832 is higher than in the state of New Jersey overall. Annual household size of 2.90 in ZIP Code 08832 is about 16% higher than the New Jersey median of 2.50. Additionally, median household size in this Keasbey, NJ region (2.90) is approximately 16% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other New Jersey ZIP Codes