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This trend made North Jersey the third most competitive rental market in the nation

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This trend made North Jersey the third most competitive rental market in the nation


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With 13 prospective renters competing for every vacant apartment in North Jersey, the area continues to have one of the most competitive rental markets in the nation halfway through 2024.

RentCafe, in its recent Hottest Rental Markets report, named North Jersey as the third most competitive rental market in the nation, a title the region has held since the start of 2024. The area had been the hottest renting spot in the nation at the start of 2023, but finished off the year as the second.

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North Jersey — including Bergen, Passaic, Morris, Essex, Sussex, Hudson and Union counties in the report — ranks just behind No. 1 Miami-Dade County and No. 2 Suburban Chicago.

What is the rental market like in North Jersey, and the Northeast?

With a Rental Competitive Index score of 82.3, North Jersey continues to have the hottest real estate market in the Northeast.

Of all of the apartments in North Jersey, only 0.60% of them are new. And North Jersey has one of the highest occupancy rates in the nation at 96%.  The region also has a significant lease renewal rate of 71.7%, and apartments here typically remain vacant for about 43 days.

The report credits a trend known as “hipsturbia” for the consistent rental demand seen throughout North Jersey. The term refers to the phenomenon of younger generations, particularly millennials, flocking to live in areas with suburban charm and urban amenities after being priced out of larger cities.

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“Hipsturbia is alive and well in small cities scattered across northern New Jersey — such as Hoboken, Jersey City, Newark, Union City, Passaic, Maplewood and Montclair — where renters (including millennials) enjoy walkable downtowns, just enough entertainment and relatively easy access to New York City,” the report said.

The report said this trend also contributed to the 10th place ranking of suburban Philadelphia and the 14th place ranking of Brooklyn, where hipsturbia is king. Also from the Northeast, Bridgeport-New Haven, Connecticut; and Central Jersey made the list, ranking 11th and 17th, respectively.

How has rental competitive changed across the nation?

Overall, the state of the nation’s rental market in 2024 has remained relatively the same from 2023.

Across the country, there are about eight prospective renters competing for every vacant apartment. Rentals have remained vacant for about 46 days, compared to 43 days in 2023, and new apartments still make up 0.61% of all available rentals across the nation.

Additionally, 62.% of renters renewed their leases in 2024, compared to 59.7% in 2023. And about 93.3% of apartments across the nation are occupied, compared to 94% in 2023.

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Maddie McGay is the real estate reporter for NorthJersey.com and The Record, covering all things worth celebrating about living in North Jersey. Find her on Instagram @maddiemcgay, on X @maddiemcgayy, and sign up for her North Jersey Living newsletter. Do you have a tip, trend or terrific house she should know about? Email her at MMcGay@gannett.com.



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Game Notes: Devils at Wild • Jan 12, 2026 | New Jersey Devils

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Game Notes: Devils at Wild • Jan 12, 2026 | New Jersey Devils


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Richard Codey, former New Jersey governor who replaced Jim McGreevey, dies at 79

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Richard Codey, former New Jersey governor who replaced Jim McGreevey, dies at 79


NEW JERSEY — Former New Jersey Democratic Gov. Richard Codey, a longtime lawmaker who replaced Jim McGreevey as governor after his resignation in 2004, has died at the age of 79, his family announced on Sunday.

Codey served as the 53rd governor of New Jersey, leading the Garden State between 2004-2006. He spent over half a century working in the state legislature.

In a statement released on social media, Codey’s family says the former governor died peacefully at home, surrounded by family, after suffering from a brief illness.

“Our family has lost a beloved husband, father and grandfather — and New Jersey lost a remarkable public servant who touched the lives of all who knew him,” the statement said.

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“He lived his life with humility, compassion and a deep sense of responsibility to others. He spoke the truth when others wouldn’t and fought tirelessly for the people of New Jersey during his record-setting 50 years in the Legislature. He made friends as easily with Presidents as he did with strangers in all-night diners. We take comfort in knowing how many people he helped, inspired and stood up for over the years. We will share information about services in the coming days.”

New Jersey State Sen. and former Democratic Gov. Richard Codey is seen before New Jersey Gov. Phil Murphy delivers his State of the State, in Trenton, N.J., Tuesday, Jan. 10, 2023.

AP Photo/Matt Rourke

In a statement Sunday afternoon, outgoing Gov. Phil Murphy says he will remember Codey, who was often referred to by his nickname Dick, for his “legacy of heroic service.”

“If anybody embodied our proud New Jersey values, it was Governor Dick Codey,” Murphy said.

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“He proved that every single day of his life. Whether as Governor or as the longest-serving lawmaker in New Jersey history, Dick built a safer, healthier future for all of us. From championing funding for mental health care and stem cell research to advancing smoke-free indoor spaces in New Jersey, Dick protected every one of our communities and sought to cultivate the potential of every one of our neighbors.”

Essex County Executive Joseph N. DiVincenzo Jr. also issued a statement reflecting on Codey’s impact and legacy.

“Richard Codey was a prominent figure in Essex County and New Jersey for over a half century, serving as an Assemblyman, Senate President and Interim Governor. I respected Dick for his ability to get things done and how he always was a staunch advocate for his constituents. I am glad that we dedicated Codey Arena in his honor in 2005 while he was alive so that he could see how much people appreciated him and the impact he had. My condolences go out to his family,” DiVincenzo Jr. said.

In 2023, a then 76-year-old Codey announced his plans for retirement, fifty years after first stepping into politics.

The calls poured in to salute a man who served in the Assembly, Senate and also served 14 months as governor after McGreevey announced he was a gay American and planned to leave office in August of 2004.

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Codey’s wife was having minor surgery that day and he walked to his office to wait, unaware McGreevey was stepping down.

“I walk into my office and they say, ‘hello governor,’” Codey said.

Once it was confirmed, he returned to his recovering wife and delivered the news.

“She’s in recovery and I tell her, ‘you’re the first lady,’” Codey said. “She’s like ‘what do you mean I’m the first lady?’ I said, ‘well McGreevey is resigning and I’m going to become the governor and you’re going to be the first lady. She’s like, ‘is there anything to knock me back out?”

But during his time in office, the governor and his wife Mary Jo went public with her mental health issues and he became a leading advocate for helping those suffering from depression.

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“We’re very proud of her and because of that, we passed many laws to help women, especially those who have just given birth,” Codey said at the time.

Codey was the first in his Irish family to go to college. In fact, he went to four before graduating from Fairleigh Dickinson.

He won his assembly seat in 1973, became a senator in 1982 and then Senate president in 2002. That’s how he became governor when McGreevey officially left office in November of 2004.

Besides improving mental health, Codey expanded the turnpike, improved school security and he was an early supporter of future President Barack Obama.

Copyright © 2026 WABC-TV. All Rights Reserved.

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Monmouth County high school among best schools for athletes across NJ

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Monmouth County high school among best schools for athletes across NJ


New Jersey has many schools that offer a great education for students interested in sports.

Student-athletes seeking the best schools with leading sports programs have options in the Garden State, says Niche.com.

The online platform for rankings and review rounded up the top New Jersey schools with the best high school sports programs based on analysis of key statistics and millions of reviews from students and parents using data from the U.S. Department of Education.

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In addition these rankings based on the number of state championships, student participation in athletics and the number of sports offered at the school.

One school from Monmouth County made the list in the number 6 spot.

Red Bank Catholic

Red Bank Catholic is a private Catholic high school in Monmouth County and offers students extracurriculars that include an award winning athletic program with 28 varsity sports. The institution also ranked in the top 5 list for Best Private High Schools in Monmouth County.

Here’s why RBC made the list:

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  • Sports: grade A+
  • Clubs & Activities: grade A+
  • Academics: grade A
  • College Prep: grade A minus
  • Teachers: grade B+
  • Diversity: grade B minus

Red Bank Catholic overall Niche grade: A

Top 10 High Schools for Athletes

This list is was compiled from Niche.com and includes private and public schools across New Jersey.

  1. Delbarton High School
  2. Bergen Catholic High School
  3. Seton Hall Preparatory High School
  4. Saint Peter’s Prep
  5. Don Bosco Preparatory High School
  6. Red Bank Catholic High School
  7. Haddonfield Memorial High School
  8. Westfield Senior High School
  9. Ramapo High School
  10. Northern Highlands Regional High School



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