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 Size

Housing Units by Size
Studio Type0.40%
One Bedroom13.30%
Two Bedrooms16.70%
Three Bedrooms39.50%
Four Bedrooms24.40%
Five Bedrooms or more5.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.78
Median year structure was built1955
Median Value of occupied units$237,600
Median Price asked for vacant units$406,300

Rented Homes, Apartments and Condos

Average Household Size1.78
Median year structure was built1965
Median Monthly Rent asked for vacant units$917

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.20%
Home Equity Loan11.80%
Simple Mortgage48.10%
Debt Free35.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21%