New Jersey
This trend made North Jersey the third most competitive rental market in the nation
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Make sure you know what to expect before you sign your lease.
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.
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.
“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.
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.
New Jersey
Latest forecast on how much snow North Jersey will get during storm
Why is my tire pressure low in car when it’s cold out?
With winter approaching and the temperatures getting colder, ever wonder why the tire pressure light is on in your car?
A mix of snow, sleet and freezing rain is expected to create slippery travel conditions across parts of North Jersey on Dec. 2, prompting the National Weather Service to issue winter weather advisories for Morris and Sussex counties.
Here’s what to expect for the Dec. 2 storm.
How long will the snow last?
The National Weather Service said residents in the Garden State can expect rain, snow, freezing rain and sleet early in the day, becoming all rain after 10 a.m. Precipitation is expected to transition to all rain by late morning, with temperatures reaching around 39 degrees.
NJ declares state of emergency
Gov. Phil Murphy declared a state of emergency for parts of North Jersey. The state of emergency, under Executive Order No. 406, took effect at 5 a.m. for Hunterdon, Morris, Passaic, Sussex and Warren counties due to a “potentially significant winter storm” bringing heavy snow, sleet and freezing rain, the governor’s office said.
“Starting early tomorrow morning, we will experience potentially significant winter weather resulting in hazardous conditions in the northwestern part of our state,” Murphy said in a statement announcing the order. He urged drivers in the affected counties to “exercise caution, remain alert, and follow all safety protocols.”
Winter advisory by the NWS
The advisory for Morris County remains in effect until 1 p.m., with forecasters calling for up to an inch of snow and locally 2 inches at higher elevations, along with a light glaze of ice.
Farther north, Sussex County is under an advisory until 7 p.m., where the storm is expected to linger longer. A light glaze of ice is also possible as a wintry mix persists into the afternoon before changing to rain.
Roads may become slick during the morning commute, the weather service said.
Forecasters said the combination of light snow, sleet and patchy ice could cause hazardous travel, particularly during the morning commute. Drivers are urged to slow down, leave extra space between vehicles and use caution on untreated roads.
Residents can check updated road conditions by calling 511, according to state transportation officials.
Which schools have closed down?
The forecast led to many schools in the region to either close or call a delayed opening. Most of the districts are in Morris or Sussex counties. See the full list here.
Predicted snow inch counts by NJ town
Snow totals around 0.5 inch were expected in towns such as Morristown, Millburn, New Brunswick, Bergenfield, Bloomfield, Caldwell, Clinton, Flemington, Hackensack, Harrison, Lyndhurst, Paramus, Ramsey, Somerville, and Trenton.
Farther north, Sussex County is expected to see the highest totals, with 2 inches in Sussex Borough and Wantage, and around 1 inch in West Milford and Hackettstown, before the precipitation changes to rain later in the afternoon.
In Bergen County, little or no accumulation expected in places like Ridgewood, Rutherford, and Secaucus. Towns farther west and north may still pick up around half an inch, but widespread accumulation is not anticipated. Areas across central and southern New Jersey, including Cherry Hill, Freehold, and Glassboro, are expected to see no accumulating snow.
New Jersey
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New Jersey
Winter in Cape May: Here are some must-see holiday events
From Camden and Cherry Hill to Trenton and the Jersey Shore, what about life in New Jersey do you want WHYY News to cover? Let us know.
Summer may be over, but the Jersey Shore does not shut down when the umbrellas fold.
In Cape May, winter has become one of the most popular times to visit, especially during the holidays, when the seaside town transforms into a Victorian village. What was once the quiet off-season is now a stretch of celebratory weeks filled with music, trolley rides and holiday lights that glow for miles.
Cape May leans into its heritage this time of year. Gas lamps flicker along the streets. Evergreens wrap the porches of its grand Victorian homes. The Washington Street Mall shines with ribbons, seasonal displays and unique gifts. The shift from summer’s bustle to winter’s calm does not signal a slowdown. Instead, it reveals a different rhythm, one that invites people to explore.
“Christmas in Cape May is the best,” said Stephen Gatier, owner of the Magic Brain Cafe. “My June and my December sales are usually about the same, which should tell you how busy December is. The West Cape May Christmas Parade … is consistently our busiest day of the year.”
Travel+Leisure magazine lists Cape May as one of its 25 best Christmas towns in the U.S.
According to the Cape May County Department of Tourism, the region is becoming a “nine-month vacation destination, with the City of Cape May at the forefront of year-round tourism. Foot traffic in Cape May surges during the holiday season.”
The Greater Cape May Chamber of Commerce said more than 10,000 people visited their information booth last year between Thanksgiving and New Year’s. The Washington Street Mall attracted an estimated 45,000 visitors during the same time period.
Cape May’s winter tourism underscores a larger story about the Jersey Shore. Towns once defined by a short summer season are building new traditions that bring visitors back year-round. Cape May County officials said that in December 2024, lodging revenue in the county increased by $104 million compared to December 2023, highlighting the surge in holiday tourism.
The winter season supports restaurants, shops, inns and nonprofits like Cape May MAC, which uses tour proceeds to preserve the Victorian structures that define the town’s identity.
Here are the top experiences that define Cape May’s holiday season.
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