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Midland Park, NJ Real Estate


According to census data in the year 2000 there were 2,650 housing units in Midland Park. This represents a 1.3% growth from 2,615 in 1990.

Of those housing units, 2,650 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Midland Park is about 75.9%. Midland Park's vacancy rate, including seasonal lodging, is about 1.4%. Average household size is 2.65 people.

The majority of houses, apartments or condos in Midland Park were built after 1951.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom10.50%
Two Bedrooms18.60%
Three Bedrooms45.20%
Four Bedrooms22.60%
Five Bedrooms or more3%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.07
Median year structure was built1949
Median Value of occupied units$256,500
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size1.33
Median year structure was built1960

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.30%
Home Equity Loan9.60%
Simple Mortgage55.90%
Debt Free28.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs22.9%