Federal Reserve Economic Data


The homeownership rate is computed by dividing the estimated total population in owner-occupied units by the estimated total population (ACS 5-year variables B25008_002E and B25008_001E from table B25008, respectively).

A housing unit is owner-occupied if the owner or co-owner lives in the unit, even if it is mortgaged or not fully paid for. A housing unit is classified as occupied if (i) it is the current place of residence of the person or group of persons living in it at the time of interview or (ii) the occupants are only temporarily absent from the residence for two months or less (e.g., on vacation or a business trip). If all those staying in the unit at the time of the interview plan to stay there for two months or less, the unit is considered to be temporarily occupied and classified as "vacant."

Multiyear estimates from the American Community Survey (ACS) are "period" estimates derived from a data sample collected over a period of time, as opposed to "point-in-time" estimates such as those from past decennial censuses. ACS 5-year estimate includes data collected over a 60-month period. The date of the data is the end of the 5-year period. For example, a value dated 2014 represents data from 2010 to 2014. However, they do not describe any specific day, month, or year within that time period.

Multiyear estimates require some considerations that single-year estimates do not. For example, multiyear estimates released in consecutive years consist mostly of overlapping years and shared data. The 2010-2014 ACS 5-year estimates share sample data from 2011 through 2014 with the 2011-2015 ACS 5-year estimates. Because of this overlap, users should use extreme caution in making comparisons with consecutive years of multiyear estimates.

Please see "Section 3: Understanding and Using ACS Single-Year and Multiyear Estimates" on publication page 13 (file page 19) of the 2018 ACS General Handbook for a more thorough clarification. https://www.census.gov/content/dam/Census/library/publications/2018/acs/acs_general_handbook_2018.pdf


   

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    2009    
 
 
    2023
Rate
Name 2023 Preceding
Period
Year Ago
from Period
Atlantic County
69.02383 69.95824 69.95824
Bergen County
69.78087 69.62964 69.62964
Burlington County
79.48114 79.21347 79.21347
Camden County
70.07186 70.14591 70.14591
Cape May County
80.98440 79.69226 79.69226
Cumberland County
66.77745 66.99553 66.99553
Essex County
49.99160 49.99230 49.99230
Gloucester County
82.32800 82.35124 82.35124
Hudson County
32.93359 34.14711 34.14711
Hunterdon County
87.65435 87.56439 87.56439
Mercer County
65.65545 66.15753 66.15753
Middlesex County
66.05461 66.43766 66.43766
Monmouth County
79.68703 80.04602 80.04602
Morris County
78.99025 78.88835 78.88835
Ocean County
78.38052 78.29053 78.29053
Passaic County
53.84170 53.41030 53.41030
Salem County
73.94013 73.13737 73.13737
Somerset County
77.07922 77.85381 77.85381
Sussex County
87.40204 87.05106 87.05106
Union County
60.79414 60.71281 60.71281
Warren County
78.34251 76.83595 76.83595
   

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