Sussex County, New Jersey Housing Market Prices
Sussex County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 39% below the New Jersey median Among the top 5 cheapest counties in New Jersey$215,788
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Median rent 8% below the New Jersey median$1,585
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sussex County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,788 | $352,792 | $248,835 |
| Price Trend (Annual %) | 0.4% | 4.4% | 7.5% |
| Median Gross Rent | $1,585 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sussex County is about 39% lower than in New Jersey. Rent is about 8% lower than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sussex County, up about 0.4% and 3.5% a year respectively. Rent is changing faster.
Median rent in Sussex County rose about 31.6% between 2015 and 2024, from $1,204 to $1,585. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Sussex County.
Buying the median-priced home in Sussex County costs roughly 11.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sussex County. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Sussex County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,788 | $352,792 | $248,835 |
| Median Household Income | $116,052 | $103,817 | $80,455 |
| Price-to-Income Ratio | 1.9 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sussex County fell about 0.4%, while median household income rose about 34.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sussex County | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.0% | 59.1% | 58.5% |
| Rental Rate | 14.9% | 33.5% | 31.2% |
| Vacancy Rate | 8.1% | 7.5% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Sussex County has a homeownership rate of 77.0%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 8.1%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Sussex County | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1971 | 1968 | 1978 |
| Median Number of Rooms | 6.4 | 5.7 | 5.5 |
The typical housing unit in Sussex County was built around 1971. On average, 2.5 people live in a home with about 6.4 rooms, staying for about 18.0 years on average.
Sussex County, NJ Housing Compared With Nearby Counties
Sussex County, NJ is the 4th largest of the 6 counties compared here, 145,409 residents against a local median of 406,655. Where Sussex County, NJ breaks from the counties next to it is median home price, sitting 27% below the local median of $293,850 at $215,788.
The counties themselves spread $282,718 on median home price, so Sussex County, NJ sits at one end of an already wide local range rather than apart from it. Sussex County, NJ has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sussex County, NJ | 145,409 | $215,788 #6/6 | $1,585 #4/6 | 83.8% #2/6 |
| Morris County, NJ | 514,287 | $539,796 | $1,903 | 74.3% |
| Pike County, PA | 60,618 | $264,463 | $1,378 | 87.0% |
| Passaic County, NJ | 520,457 | $376,251 | $1,621 | 53.1% |
| Warren County, NJ | 110,807 | $257,078 | $1,409 | 75.1% |
| Orange County, NY | 406,655 | $293,850 | $1,680 | 67.8% |
Frequently Asked Questions
Common questions about the housing market in Sussex County, New Jersey.
What is the median home price in Sussex County, New Jersey?
The median home price in Sussex County, New Jersey is $215,788, lower than the New Jersey average of $352,792.
What is the average home price in Sussex County, New Jersey?
The typical home price in Sussex County, New Jersey, reported as the median sale price, is $215,788. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sussex County, New Jersey?
The median gross rent in Sussex County, New Jersey is $1,585 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Sussex County in 2020?
In 2020, the median gross rent in Sussex County, New Jersey was $1,336 per month.
What is the price-to-rent ratio in Sussex County, New Jersey?
The price-to-rent ratio in Sussex County, New Jersey is about 11.3, meaning it would take roughly 11.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sussex County.
Are home prices or rent rising faster in Sussex County, New Jersey?
Both home prices and rent are rising in Sussex County, up about 0.4% and 3.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Sussex County, New Jersey?
77.0% of households in Sussex County, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Sussex County, New Jersey?
The housing vacancy rate in Sussex County, New Jersey is 8.1%, higher than the New Jersey average of 7.5%.
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