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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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New Jersey

What to know about Freedom Fuel Network as Trump urges cheaper gas prices in Pennsylvania, NJ

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What to know about Freedom Fuel Network as Trump urges cheaper gas prices in Pennsylvania, NJ


PHILADELPHIA (WPVI) — There are 25 new Freedom Fuel Network gas stations opening across the Philadelphia area and South Jersey as Americans closely watch gas prices.

This comes after President Trump announced the privately-owned network on social media last week, saying it will help drivers save money at the pump.

There are 25 new Freedom Fuel gas stations opening across the Philadelphia area and South Jersey as Americans closely watch gas prices.

The first location in Dresher, Montgomery County, opened on Friday, with the price of $3.47 per gallon.

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This cost was a nod to President Trump serving as the nation’s 47th president.

However, that price has already started to rise after the president announced new U.S. strikes, sending oil and gas prices higher.

Some of those locations with gas stations participating in the Freedom Fuel Network include Lansdowne, Bensalem and Pottstown in Pennsylvania; and Marlton in New Jersey.

Gas Calculator: Find out how much it costs to fill your tank

A White House official told ABC News the administration is not involved with the company and is not providing any funding or subsidies.

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Instead, the company says it is cutting its own profit margins to offer lower prices.

Some drivers are applauding this move while others, including gas analysts, are skeptical.

“$3.47 a gallon is a Godsend, honestly,” said one consumer. “Great price because this was a Sunoco before and prices were a lot higher.”

“I want Americans to be asking, ‘Where is that money coming from? Why are corporations and businesses willing to subsidize gas 50-cents a gallon for people, to make President Trump look good,” said another consumer.

Trump is also encouraging other gas retailers to lower their prices. He has not identified the company behind Freedom Fuel, saying only that it’s a private retailer.

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Action News is still working to learn how long these lower prices will last and whether more stations will open.

Copyright © 2026 WPVI-TV. All Rights Reserved.



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New Jersey

7 On Your Side helps man recover his stolen iPhone from safe pickup site

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7 On Your Side helps man recover his stolen iPhone from safe pickup site


JAMESBURG, New Jersey (WABC) — When it comes to home deliveries, having your order stolen right off your doorstep can be infuriating, so one New Jersey man did it right.

Peter Tsistinas had his brand-new cell phone delivered to a so-called safe pickup site, designated by the seller, where it was stolen.

Delivery services can drop off your item at any number of safe locations, where you can later pick up your order. But as exclusive video obtained by 7 On Your Side shows, porch pirates are upping their game.

Captured on a security camera, a man calmly walks into the CVS store, asks for a delivery, shows an ID, signs for it, and walks off with a brand-new iPhone. There’s just one problem.

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“They saw somebody that was not me getting my package,” said Tsistinas when asked what the police were seeing on the tape.

The real Peter, a popular DJ for hire, was dumbfounded. He chose the safe drop to avoid being porch pirated, but the thief still got the goods.

“Yeah, I actually paid extra for it. It wasn’t much. It was $7.99,” Tsistinas said.

Tsistinas got a notification from UPS that the phone was dropped off at 12:39 p.m., less than two hours later, he got a notice it was picked up.

But Tsistinas didn’t pick it up. It was the unknown suspect who went into the CVS, walking off with the brand-new iPhone for Peter’s son.

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Tsistinas reported the crime to the police and alerted UPS, CVS and T-Mobile, which shipped the smartphone. The response to the DJ was what he called, “crickets.”

“I was watching, you know ABC News, and I saw 7 On Your Side and I’m like, ‘you know, you’re the first thing I thought of,’” Tsistinas said

7 On Your Side reached out to both CVS and the cell phone provider.

Within a week, T-Mobile responded, saying, “Our care team is working with Mr. Tsistinas directly to get him the device he ordered from us, and we’re working closely with CVS and our other partners to further protect our customers’ orders from theft. Our dedicated fraud, crime and logistics teams collaborate with vendors to address these issues and improve delivery processes.”

CVS also sent 7 On Your Side an official statement, saying, “We’ve connected with the customer and apologized for his experience. T-Mobile is now working directly with Mr. Tsistinas to help resolve the matter. Anyone picking up a UPS package at CVS Pharmacy must present identification matching the person and name on the package to be released. We’re working with the store team to help prevent similar situations from occurring in the future.”

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After weeks of back and forth with the companies, Tsistinas could finally focus on his beats again.

“I paid almost $500 in deposit, and then it was going to be like so much per month. So, they just squashed all that,” Tsistinas said.

Referencing the Rolling Stones, he says he not only got his satisfaction, but also his money back.

“Nina, you’re the best!” Peter said.

Police are still looking for the suspect in the video and say he’s part of a crime ring. If you recognize him, call Jamesburg police in New Jersey.

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Do you have an issue with a company that you haven’t been able to resolve? If so, 7 On Your Side wants to help you!

Fill out the form below or email your questions, issues, or story ideas by filling out the form below or by emailing 7OnYourSideNina@abc.com. All emails MUST INCLUDE YOUR NAME AND CELLPHONE NUMBER. Without a phone number, 7 On Your Side will not be able to respond.

Copyright © 2026 WABC-TV. All Rights Reserved.



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New Jersey

Police conclude investigation at Walmart in Cherry Hill, officials say

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Police conclude investigation at Walmart in Cherry Hill, officials say


A police investigation took place at a Walmart in Cherry Hill, New Jersey on Wednesday morning and shoppers may have noticed an increased presence of officers at the shopping center, officials said.

On social media, the Cherry Hill Police Department alerted residents that an investigation was underway in a Walmart, located along Route 38 in Cherry Hill, New Jersey, at about 9 a.m. on Wednesday.

However, officials did not immediately detail the cause of this increased police presence, other than saying an investigation was underway and “the scene has been secured.”

Police were asking people to avoid the area, if possible, to allow officers the ability to complete this investigation.

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However, as of about 10 a.m., police said on social media that the incident was resolved and there was no threat to the public.

As of about 10:15 a.m., police had not provided further information on the nature of this investigation, nor did they say if anyone was arrested through the course of this incident.

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NBC10 is working to learn more.

This is a breaking news story. It will be updated as new information becomes available.





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