Red Bank, NJ Real Estate
According to census data in the year 2000 there were 5,450 housing units in Red Bank.
This represents a 6.6% growth from 5,112 in 1990.
Of those housing units, 5,450 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Red Bank is about 47.6%.
Red Bank's vacancy rate, including seasonal lodging, is about 4.6%.
Average household size is 2.2 people.
The majority of houses, apartments or condos in Red Bank were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.40% |
| One Bedroom | 29% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 27.40% |
| Four Bedrooms | 7.70% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.31 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $178,900 |
| Median Price asked for vacant units | $78,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $1,171 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.80% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 8.40% |
| Simple Mortgage | 55.10% |
| Debt Free | 25.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.3% |
