West Milford, NJ Real Estate
According to census data in the year 2000 there were 9,909 housing units in West Milford.
This represents a 5.3% growth from 9,411 in 1990.
Of those housing units, 6,265 were located in either urbanized areas or urban clusters, and 3,644 were located in what is classified as a rural area.
Homeownership rate in West Milford is about 89.6%.
West Milford's vacancy rate, including seasonal lodging, is about 7.3%.
Average household size is 2.84 people.
The majority of houses, apartments or condos in West Milford were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 7.20% |
| Two Bedrooms | 24.90% |
| Three Bedrooms | 42.50% |
| Four Bedrooms | 21.60% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $171,200 |
| Median Price asked for vacant units | $148,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $650 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 12.10% |
| Simple Mortgage | 63.90% |
| Debt Free | 15.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.7% |
