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 Units by Size|
|Five Bedrooms or more||16.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.85|
|Median year structure was built||1971|
|Median Value of occupied units||$397,000|
|Median Price asked for vacant units||$350,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.93|
|Median year structure was built||1964|
|Median Monthly Rent asked for vacant units||$1,625|
Owners Finance Status
|Second Mortgage & Equity Loan||1%|
|Home Equity Loan||10.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.4%|