Wood-Ridge, NJ Real Estate
According to census data in the year 2000 there were 3,088 housing units in Wood-Ridge.
This represents a 3.6% growth from 2,982 in 1990.
Of those housing units, 3,088 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Wood-Ridge is about 77.1%.
Wood-Ridge's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Wood-Ridge were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 14.20% |
| Two Bedrooms | 24.70% |
| Three Bedrooms | 44.90% |
| Four Bedrooms | 12.50% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $196,800 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.79 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $956 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 9.20% |
| Simple Mortgage | 47.50% |
| Debt Free | 34.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.8% |
