Raritan, NJ Real Estate
According to census data in the year 2000 there were 2,644 housing units in Raritan.
This represents a 11.5% growth from 2,371 in 1990.
Of those housing units, 2,644 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Raritan is about 63.6%.
Raritan's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Raritan were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 16.90% |
| Two Bedrooms | 21.70% |
| Three Bedrooms | 44.40% |
| Four Bedrooms | 14.90% |
| Five Bedrooms or more | 0.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $182,500 |
| Median Price asked for vacant units | $128,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $868 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 7% |
| Home Equity Loan | 6.10% |
| Simple Mortgage | 51.70% |
| Debt Free | 34.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23% |
