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City Report · NJ

Lavallette

Pop. 1,865·162nd most expensive in New Jersey·Rental market data updated monthly for Lavallette, NJ
Median rent (all units)
$2,000/mo
Year-over-Year
Stable
Month-over-Month
-40.1%
vs US Median
+$38
Falling (Monthly)
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Most AffordableMost Expensive
Lavallette · $2,000
More expensive than 59% of US cities · National median $1,962/mo
Affordability
18% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,000/mo, rent takes about 18% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$80,000/yr
Local median income
$133,056/yr
Based on the 30%-of-income rule using Lavallette's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,580
2 BR
$1,950
3 BR
$2,600
4 BR+
$2,890
Fair Market Rent (HUD)
$1,950/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,000 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$24,000/yr
At $2,000/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -40.1% MoM), not inventory.
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Demographics

Who lives here

Lavallette, NJ is majority owner-occupied, has a large retiree population, has a median income above the national average, 58.5% of residents hold a bachelor's degree or higher.

Population
1,865
Median income
$133,056
Median age
61.3
Renters
21.7%
Age distribution
13.2%
14.9%
25.4%
38.8%
Under 1813.2%
18–347.7%
35–5414.9%
55–6425.4%
65+38.8%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
95.5%
White95.5%
Hispanic2.8%
Asian0.6%
Other1.1%
Education (25+)
19%
21.8%
58.5%
No HS diploma0.7%
HS diploma19%
Some college21.8%
Bachelor's+58.5%
Housing tenure
78.3%
21.7%
Owner78.3%
Renter21.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Lavallette, NJ has changed in 5 years

Income
$98,438 → $133,056
up 35.2%
Population
2,156 → 1,865
down 13.5%
Renter share
18% → 21.7%
+3.7 pts
Bachelor's+
53.4% → 58.5%
+5.1 pts

Median household income grew from $98,438 to $133,056 between 2021 and 2024, a 35.2% shift. Headcount in the area went from 2,156 to 1,865 between 2021 and 2024, a 13.5% change. About 21.7% of households rent today, against 18% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 53.4% to 58.5%.

Community

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View Lavallette rent history (2015–2026) →
Salary vs rent

Can you afford rent in Lavallette on your salary?

At $2,000/mo, how Lavallette rent compares to typical pay (30% rule).

By apartment size

Lavallette rent by bedroom count

Median rent for each apartment size in Lavallette. Click any size for full breakdown.

Local insights

Tips for renters in Lavallette

About renting in Lavallette, NJ

Last updated: August 17, 2026

The median rent in Lavallette is $2,000/mo as of August 2026. A studio apartment averages $1,410/mo while a 2-bedroom runs $1,950/mo. One-bedroom apartments average $1,580/mo and 3-bedroom units go for $2,600/mo.

At 18% of local median household income ($133,056/yr), Lavallette ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Lavallette an affordable city for renters?

Lavallette is considered very affordable for renters. At $2,000/mo, rent takes approximately 18% of the local median household income ($133,056/yr). The standard benchmark is 30%. Lavallette falls comfortably within that range.

How much income do you need to rent in Lavallette?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $2,000/mo in Lavallette. The local median household income is $133,056/yr, meaning the typical Lavallette household meets that threshold.

Is rent going up or down in Lavallette?

Rent in Lavallette has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Lavallette rent compare to other cities in New Jersey?

Lavallette is one of the more affordable cities in New Jersey for rent, ranking #162 out of 183 tracked cities at $2,000/mo.

What percentage of Lavallette residents rent vs. own?

According to Census data, approximately 21.7% of Lavallette households are renters, while 78.3% are owner-occupied. Lavallette leans toward homeownership, which can mean a smaller rental inventory.

How does Lavallette rent compare to the national average?

Lavallette's median rent of $2,000/mo is $38 (2%) above the US national median of $1,962/mo. Within New Jersey, it ranks #162 out of 183 tracked cities.
Income Affordability
18%
VERY AFFORDABLE

At $2,000/mo, rent takes ~18% of Lavallette's median household income ($133,056/yr). The standard benchmark is 30%.

Lavallette 18%Benchmark 30%
State income tax1.4–10.75%
Run the Lavallette affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lavallette, NJ

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