Rental DSCR · New Jersey
Where rent covers the loan in New Jersey
At a 7% example rate, a 3-bedroom rental on a mid-market home covers its full payment in 1 of 21 New Jersey counties (5%). The typical New Jersey county has a DSCR of 0.81. Among markets with at least 2,500 renter homes and a loan of $55,000 or more, the highest DSCRs are in Cumberland County at 1.17, Atlantic County at 0.97 and Burlington County at 0.94.
The biggest rental markets
In New Jersey’s largest rental markets, the rent falls short of the payment in Hudson County (DSCR 0.84, break-even 4.7%), Essex County (DSCR 0.61, break-even under 4%) and Bergen County (DSCR 0.65, break-even under 4%).
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Every New Jersey county, ranked
Ranked by DSCR at a 7% example rate on a mid-market home, 75% loan. † A 75% loan there is under $55,000, the smallest DSCR loan through Pinnacle Funding Network. * Small survey sample; treat as rough.
| # | County | Renter homes | 3-bed rent | Home price | DSCR at 7% (example) | Break-even rate |
|---|---|---|---|---|---|---|
| 1 | Cumberland County | 17,999 | $2,100 | $246,800 | 1.17 | 9.4% |
| 2 | Atlantic County | 34,276 | $2,371 | $336,500 | 0.97 | 6.6% |
| 3 | Burlington County | 42,298 | $2,667 | $394,200 | 0.94 | 6.2% |
| 4 | Salem County | 7,211 | $1,915 | $260,100 | 0.94 | 6.1% |
| 5 | Gloucester County | 22,370 | $2,402 | $347,100 | 0.92 | 5.9% |
| 6 | Sussex County | 9,401 | $2,687 | $416,000 | 0.89 | 5.5% |
| 7 | Mercer County | 54,545 | $2,548 | $410,000 | 0.86 | 4.9% |
| 8 | Warren County | 11,319 | $2,348 | $385,500 | 0.84 | 4.6% |
| 9 | Hudson County | 207,608 | $3,262 | $579,200 | 0.84 | 4.7% |
| 10 | Camden County | 71,508 | $2,068 | $323,600 | 0.83 | 4.3% |
| 11 | Ocean County | 46,969 | $2,357 | $438,200 | 0.81 | 4.3% |
| 12 | Somerset County | 33,615 | $3,215 | $602,400 | 0.79 | 4.0% |
| 13 | Middlesex County | 111,894 | $2,896 | $525,800 | 0.78 | Under 4% |
| 14 | Morris County | 49,683 | $3,308 | $632,900 | 0.78 | Under 4% |
| 15 | Cape May County | 8,831 | $2,206 | $481,200 | 0.73 | Under 4% |
| 16 | Hunterdon County | 7,558 | $2,737 | $568,800 | 0.70 | Under 4% |
| 17 | Monmouth County | 61,539 | $3,062 | $668,200 | 0.69 | Under 4% |
| 18 | Union County | 86,672 | $2,719 | $585,700 | 0.68 | Under 4% |
| 19 | Bergen County | 123,102 | $2,935 | $682,600 | 0.65 | Under 4% |
| 20 | Essex County | 176,209 | $2,399 | $569,700 | 0.61 | Under 4% |
| 21 | Passaic County | 83,966 | $2,154 | $516,700 | 0.59 | Under 4% |
Rates on this page are a 7% example, not a quote or an offer. DSCR here is 3-bedroom rent divided by principal, interest, property tax and insurance on a 75% loan with a 30-year fixed payment. At 1.00 the rent pays all of it. Figures are estimates from public data, for education only.
Questions
In how many New Jersey counties does a 3-bedroom rental cover the payment at 7%?
At a 7% example rate, a 3-bedroom rental on a mid-market home covers its full payment in 1 of 21 New Jersey counties (5%). The typical New Jersey county has a DSCR of 0.81. Move the example rate and the count changes: 4 counties cover at 6%, 1 at 7% and 1 at 8%.
Where in New Jersey does rent go furthest against the payment?
Among markets with at least 2,500 renter homes and a loan of $55,000 or more, the highest DSCRs are in Cumberland County at 1.17, Atlantic County at 0.97 and Burlington County at 0.94.
Do New Jersey’s biggest rental markets cover the payment?
In New Jersey’s largest rental markets, the rent falls short of the payment in Hudson County (DSCR 0.84, break-even 4.7%), Essex County (DSCR 0.61, break-even under 4%) and Bergen County (DSCR 0.65, break-even under 4%).
How is this calculated?
Rent is HUD’s FY2027 Fair Market Rent for a 3-bedroom, adjusted to each county. Home prices are about the 40th percentile of local values from the Census Bureau’s 2020 to 2024 American Community Survey, brought to mid-2026 with the FHFA house price index. Property tax uses each county’s effective rate and insurance starts from NAIC 2023 average premiums. DSCR is rent divided by principal, interest, tax and insurance on a 75% loan at a 7% example rate, which is not a quote or an offer.
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