Medford Lakes, NJ Real Estate
According to census data in the year 2000 there were 1,555 housing units in Medford Lakes.
This represents a 0.8% decline from 1,567 in 1990.
Of those housing units, 1,555 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Medford Lakes is about 94.2%.
Medford Lakes's vacancy rate, including seasonal lodging, is about 1.8%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Medford Lakes were built after 1960.
|Housing Units by Size|
|Five Bedrooms or more||6.90%|
Owned Homes, Apartments and Condos
|Average Household Size||2.69|
|Median year structure was built||1960|
|Median Value of occupied units||$161,100|
|Median Price asked for vacant units||$275,000|
Rented Homes, Apartments and Condos
|Average Household Size||3.48|
|Median year structure was built||1958|
|Median Monthly Rent asked for vacant units||$950|
Owners Finance Status
|Second Mortgage & Equity Loan||0.50%|
|Home Equity Loan||11.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22%|