New Jersey’s home vacancy rate was 0.6 percent in the first quarter of 2022, a decrease of 0.3 percent from the previous quarter, according to a U.S. Census Bureau report.
The home vacancy rate is the proportion of the homeowner inventory that is vacant and for sale at the time of the survey.
The bureau compiles data from a sampling of approximately 72,000 occupied and vacant housing units across the country and District of Columbia. The bureau also collects information on homeownership vacancies, as well as certain characteristics about housing unit, such as age of household members, family status, race/ethnicity and median family income.
