Cedar Grove, NJ Real Estate
According to census data in the year 2000 there were 4,470 housing units in Cedar Grove.
This represents a 5.9% growth from 4,222 in 1990.
Of those housing units, 4,470 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Cedar Grove is about 79%.
Cedar Grove's vacancy rate, including seasonal lodging, is about 1.5%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Cedar Grove were built after 1957.
|Housing Units by Size|
|Five Bedrooms or more||5.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.78|
|Median year structure was built||1955|
|Median Value of occupied units||$237,600|
|Median Price asked for vacant units||$406,300|
Rented Homes, Apartments and Condos
|Average Household Size||1.78|
|Median year structure was built||1965|
|Median Monthly Rent asked for vacant units||$917|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||11.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21%|