New Brunswick, NJ Real Estate
According to census data in the year 2000 there were 13,893 housing units in New Brunswick.
This represents a 2.5% growth from 13,556 in 1990.
Of those housing units, 13,893 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in New Brunswick is about 26.3%.
New Brunswick's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 3.22 people.
The majority of houses, apartments or condos in New Brunswick were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.90% |
| One Bedroom | 27.80% |
| Two Bedrooms | 33.10% |
| Three Bedrooms | 21% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.25 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $122,600 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.21 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $800 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 10.10% |
| Simple Mortgage | 50.10% |
| Debt Free | 33.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.7% |
