Concord Ridge, NJ

Rent in Concord Ridge

Median Gross Rent

$1,420

Rent-to-Income Ratio

21.2%

Renter Share

15.0%

Median Renter Income

$104,286

Avg Household Size

1.7

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

1 Bedroom: $1,389
2 Bedrooms: $1,432

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 4.8%
$1,000-$1,500: 45.2%
$1,500-$2,000: 9.0%
$2,000-$2,500: 8.7%
$2,500+: 3.3%
No Cash Rent: 28.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 31.9%
20-30% (moderate): 31.6%
30-50% (cost-burdened): 7.5%
50%+ (severely cost-burdened): 0.0%
Not Computed: 28.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $119,148
Renter Households: $104,286

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 4.8%
$1,000-$1,500: 45.2%
$1,500-$2,000: 9.0%
$2,000-$2,500: 8.7%
$2,500+: 3.3%
No Cash Rent: 28.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources