New Jersey Real Estate
According to census data in the year 2000 there were 3,310,275 housing units in New Jersey.
This represents a 7.6% from 3,075,310 in 1990.
Of those housing units, 3,134,164 were located in either urbanized areas or urban clusters, and 176,111 were located in what is classified as a rural area.
Homeownership rate in New Jersey is about 65.6%.
New Jersey's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in New Jersey were built after 1962.
|Housing Units by Size|
|Five Bedrooms or more||4.8%|
Owned Homes, Apartments and Condos
|Average Household Size||2.85|
|Median year structure was built||1962|
|Median Value of occupied units||$170,800|
|Median Price asked for vacant units||$128,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.37|
|Median year structure was built||1960|
|Median Monthly Rent asked for vacant units||$660|
Owners Finance Status
|Second Mortgage & Equity Loan||0.1%|
|Home Equity Loan||10.7%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.8%|
Cities & Towns