Fanwood, NJ Real Estate

According to census data in the year 2000 there were 2,615 housing units in Fanwood. This represents a 4.3% growth from 2,507 in 1990.

Of those housing units, 2,615 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Fanwood is about 92%. Fanwood's vacancy rate, including seasonal lodging, is about 1.6%. Average household size is 2.76 people.

The majority of houses, apartments or condos in Fanwood were built after 1953.


Housing Size

Housing Units by Size
Studio Type1.80%
One Bedroom1.30%
Two Bedrooms7.20%
Three Bedrooms62.60%
Four Bedrooms24.80%
Five Bedrooms or more2.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1953
Median Value of occupied units$224,300
Median Price asked for vacant units$187,500

Rented Homes, Apartments and Condos

Average Household Size2.01
Median year structure was built1958
Median Monthly Rent asked for vacant units$1,625

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage4%
Home Equity Loan12.30%
Simple Mortgage56.90%
Debt Free26.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.5%