Lakewood, NJ Real Estate

According to census data in the year 2000 there were 9,464 housing units in Lakewood. This represents a 10.8% growth from 8,544 in 1990.

Of those housing units, 9,464 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lakewood is about 44.1%. Lakewood's vacancy rate, including seasonal lodging, is about 5.4%. Average household size is 3.85 people.

The majority of houses, apartments or condos in Lakewood were built after 1971.


Housing Size

Housing Units by Size
Studio Type4.70%
One Bedroom17%
Two Bedrooms26%
Three Bedrooms26.40%
Four Bedrooms15.60%
Five Bedrooms or more10.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.98
Median year structure was built1972
Median Value of occupied units$132,000
Median Price asked for vacant units$221,900

Rented Homes, Apartments and Condos

Average Household Size3.75
Median year structure was built1969
Median Monthly Rent asked for vacant units$718

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage8.70%
Home Equity Loan7%
Simple Mortgage51.20%
Debt Free32.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs25%