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Bayonne, NJ Real Estate


According to census data in the year 2000 there were 26,826 housing units in Bayonne. This represents a 1.4% growth from 26,468 in 1990.

Of those housing units, 26,826 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Bayonne is about 40%. Bayonne's vacancy rate, including seasonal lodging, is about 4.8%. Average household size is 2.42 people.

The majority of houses, apartments or condos in Bayonne were built after 1943.

Statistics

Housing Size

Housing Units by Size
Studio Type2.80%
One Bedroom21.20%
Two Bedrooms37.40%
Three Bedrooms29.60%
Four Bedrooms5.50%
Five Bedrooms or more3.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1939
Median Value of occupied units$155,600
Median Price asked for vacant units$93,800

Rented Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1946
Median Monthly Rent asked for vacant units$638

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage4.90%
Home Equity Loan7%
Simple Mortgage47.20%
Debt Free40.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs22.9%