Mendham, NJ Real Estate

According to census data in the year 2000 there were 1,828 housing units in Mendham. This represents a 2.9% growth from 1,777 in 1990.

Of those housing units, 1,609 were located in either urbanized areas or urban clusters, and 219 were located in what is classified as a rural area.

Homeownership rate in Mendham is about 85.6%. Mendham's vacancy rate, including seasonal lodging, is about 2.6%. Average household size is 2.72 people.

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


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom6.50%
Two Bedrooms15.20%
Three Bedrooms24.90%
Four Bedrooms37.10%
Five Bedrooms or more16.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.85
Median year structure was built1971
Median Value of occupied units$397,000
Median Price asked for vacant units$350,000

Rented Homes, Apartments and Condos

Average Household Size1.93
Median year structure was built1964
Median Monthly Rent asked for vacant units$1,625

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1%
Second Mortgage4.70%
Home Equity Loan10.30%
Simple Mortgage57.50%
Debt Free26.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.4%