Surrounding submarket Area
Wharton, New Jersey is a part of the Morris County Submarket submarket area, and contains zip code 7885.
Wharton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Wharton, NJ submarket area was $1,575, which is 16.32% higher than 2014 average rent. This represents a compounded annual growth rate of 3.07%. 2019 vacancy in Wharton, NJ was 4.80%.
The total population of the city of Wharton, NJ has decreased 1.00% since 2010. As of 2018, the population was 6,457. The median household income of the Wharton was $69,271, which is 14.89% higher than the national average.
- submarket area Morris County Submarket
- avg rent $1,575
- rent growth 16.32%
- vacancy 4.80%
- median income $69,271
- population (2018) 6,457
- population growth -1.00%
- vs. nat'l avg 14.89%
- zip code 7885