Sussex, NJ

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Sussex short-term rental market based on reliable data.

Listings

15 / 34

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$30,941

Middle-Earners Revenue

Occupancy

39%

Middle-Earners Occupancy

Home Value

$435,338

Median Home Sale Price

Top Earners

$57,184

Top-Earners Revenue

Sussex

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Sussex.

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C

Challenging to Investors

Sussex Regulations

Sussex Borough has no published STR ordinance in the provided documents, making legality and the permitting process ambiguous while New Jersey gives municipalities broad STR authority; investors must verify zoning, safety and business requirements, and any local taxes, and the county context shows strict caps, permits, inspections and fees in neighboring towns. The resulting uncertainty, potential compliance costs and risk of future restrictive rules create a challenging investment environment.

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About Sussex

Sussex is a borough in Sussex County, in the U.S. state of New Jersey. As of the 2020 United States census, the borough's population was 2,024, a decrease of 106 (−5.0%) from the 2010 census count of 2,130, which in turn reflected a decline of 15 (−0.7%) from the 2,145 counted in the 2000 census.Sussex was incorporated as a borough by an act of the New Jersey Legislature on October 14, 1891, as Deckertown, from portions of Wantage Township. The borough's original name was for settler Peter Decker. The borough was renamed Sussex on March 2, 1902. The county and borough are named for the historic county of Sussex in England.A joint commission of residents of both Sussex and Wantage had recommended that the two communities should be consolidated to form what would be called the Township of Sussex-Wantage, which would operate within the Faulkner Act under the council-manager form of government, with a mayor and a six-member township council, and that voters in both municipalities should approve a referendum to be held on November 3, 2009. The committee noted that the two municipalities share common issues, schools, library and community services and that the artificial nature of the octagonal Sussex border often made it hard to distinguish between the two. The efforts at consolidation with surrounding Wantage Township ended in November 2009 after Wantage voters rejected the merger despite support from Sussex borough residents.

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