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Olivet, NJ Real Estate


According to census data in the year 2000 there were 485 housing units in Olivet. This represents a 25.6% growth from 386 in 1990.

Of those housing units, 431 were located in either urbanized areas or urban clusters, and 54 were located in what is classified as a rural area.

Homeownership rate in Olivet is about 96.4%. Olivet's vacancy rate, including seasonal lodging, is about 1.9%. Average household size is 3.11 people.

The majority of houses, apartments or condos in Olivet were built after 1982.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms5.20%
Three Bedrooms51.50%
Four Bedrooms41.40%
Five Bedrooms or more1.90%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size3.05
Median year structure was built1982
Median Value of occupied units$153,100
Median Price asked for vacant units$187,500

Rented Homes, Apartments and Condos

Average Household Size4.65
Median year structure was built1979

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.70%
Home Equity Loan17%
Simple Mortgage60.10%
Debt Free17.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs23%