Red Bank borough: Median Gross Rent Trend
How Red Bank 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
$1,398
2023
$1,985
Total change
+$587
% change
+42%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,398 | — |
| 2019 | $1,578 | +$180 (12.9%) |
| 2020 | $1,639 | +$61 (3.9%) |
| 2021 | $1,723 | +$84 (5.1%) |
| 2022 | $1,886 | +$163 (9.5%) |
| 2023 | $1,985 | +$99 (5.2%) |