Rental market snapshot for Chatham, New Jersey

Chatham, New Jersey Rental Property Market Overview

Chatham, New Jersey is a borough located in Morris County with a population of 9,253 as of 2021, according to the US Census. It is a small suburban community with a quaint downtown area and a variety of parks and recreational activities. Chatham is known for its excellent school system, and its close proximity to New York City makes it a popular destination for commuters. The town is also home to a variety of restaurants, shops, and businesses.

The average rent for an apartment in Chatham is $2,902. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Chatham New Jersey | Cost of Living

  • The most expensive ZIP code in Chatham is 07928 with an average price of $3,892.
  • The cheapest ZIP code in Chatham is 07928 with an average price of $3,892.

Chatham ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
107928$3,892

Live near Chatham, New Jersey's Top Sights and Attractions

Garden Park is a tranquil oasis located in the heart of a bustling suburban area. The park features lush gardens, winding pathways, and a tranquil pond. Visitors can take a leisurely stroll through the gardens, admire the colorful flowers and foliage, and take in the peaceful atmosphere. The park also features a playground, picnic area, and plenty of benches to relax and take in the beauty of the surroundings.

Memorial Park is a beautiful outdoor attraction located in Chatham, New Jersey. It features a large pond with a fountain, a gazebo, and a walking path that winds around the pond. There are also several benches and picnic tables scattered throughout the park, making it a great spot for a picnic or a leisurely stroll. The park also has a playground, a basketball court, and a baseball field, making it a great place for families to spend time together.

Shepard Kollock Park is a beautiful outdoor destination located in Chatham, New Jersey. It features a variety of activities for visitors to enjoy, including a playground, a walking path, and a picnic area. The park also has a pond, which is home to a variety of wildlife, including ducks and geese. The park is a great place to relax and take in the natural beauty of the area.

Great Swamp Outdoor Education Center is a nature preserve located in northern New Jersey. It is a popular destination for outdoor enthusiasts, featuring over seven miles of trails that wind through a variety of habitats, including wetlands, meadows, and woodlands. Visitors can explore the area on foot or by canoe, and can observe a variety of wildlife, including birds, amphibians, reptiles, and mammals. The center also offers educational programs and workshops, as well as special events throughout the year.

Chatham, New Jersey area median rent change by ZIP code map

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How does Chatham compare to other cities in New Jersey?

citymedian price
Ridgewood$5,160
Freehold$3,200
Franklin Park$2,545
Hackettstown$2,335
Wallington$2,300
Stanhope$2,000
Maple Shadeship$1,895
Lopatcongship$1,800

Average household income in Chatham area graph - US Census

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The median household income in Chatham in 2021 was $209,283. This represents a 43.1% change from 2011 when the median was $146,250.

#categorypercent
0Less than $10,0000.9%
1$10,000 to $14,9990.2%
2$15,000 to $19,9990.8%
3$20,000 to $24,9991.7%
4$25,000 to $29,9990.7%
5$30,000 to $34,9991.1%
6$35,000 to $39,9992.8%
7$40,000 to $44,9991.0%
8$45,000 to $49,9991.9%
9$50,000 to $59,9992.1%
10$60,000 to $74,9993.6%
11$75,000 to $99,9996.3%
12$100,000 to $124,9995.8%
13$125,000 to $149,9996.2%
14$150,000 to $199,99913.9%
15$200,000 or more51.1%

Neighborhoods in Chatham

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Chatham is $2,902.
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