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Orange, NJ Real Estate


According to census data in the year 2000 there were 12,665 housing units in Orange. This represents a 2.8% growth from 12,318 in 1990.

Of those housing units, 12,665 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Orange is about 25.4%. Orange's vacancy rate, including seasonal lodging, is about 6.2%. Average household size is 2.73 people.

The majority of houses, apartments or condos in Orange were built after 1955.

Statistics

Housing Size

Housing Units by Size
Studio Type7.70%
One Bedroom32.10%
Two Bedrooms33.80%
Three Bedrooms16.90%
Four Bedrooms5%
Five Bedrooms or more4.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.38
Median year structure was built1942
Median Value of occupied units$131,400
Median Price asked for vacant units$78,800

Rented Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1959
Median Monthly Rent asked for vacant units$622

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage9.20%
Home Equity Loan9.40%
Simple Mortgage57.50%
Debt Free24%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs24.3%