Mountain Lakes, NJ Real Estate
According to census data in the year 2000 there were 1,357 housing units in Mountain Lakes.
This represents a 7% growth from 1,268 in 1990.
Of those housing units, 1,357 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Mountain Lakes is about 96.8%.
Mountain Lakes's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 3.2 people.
The majority of houses, apartments or condos in Mountain Lakes were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0.60% |
| Two Bedrooms | 6.10% |
| Three Bedrooms | 23.70% |
| Four Bedrooms | 37.40% |
| Five Bedrooms or more | 32.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.22 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $488,900 |
| Median Price asked for vacant units | $625,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $1,125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 13.70% |
| Simple Mortgage | 58.30% |
| Debt Free | 21.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
