Mendham borough: Median Gross Rent Trend
How Mendham borough's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,942
2023
$3,250
Total change
+$1,308
% change
+67.4%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,942 | — |
| 2019 | $1,581 | $361 (-18.6%) |
| 2020 | $1,511 | $70 (-4.4%) |
| 2021 | $1,894 | +$383 (25.3%) |
| 2022 | $3,049 | +$1,155 (61%) |
| 2023 | $3,250 | +$201 (6.6%) |