Millburn, NJ Real Estate

According to census data in the year 2000 there were 7,158 housing units in Millburn. This represents a 0.7% growth from 7,108 in 1990.

Of those housing units, 7,158 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Millburn is about 82.4%. Millburn's vacancy rate, including seasonal lodging, is about 2%. Average household size is 2.82 people.

The majority of houses, apartments or condos in Millburn were built after 1948.


Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom10.70%
Two Bedrooms8.60%
Three Bedrooms32.20%
Four Bedrooms28.10%
Five Bedrooms or more20.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.02
Median year structure was built1947
Median Value of occupied units$549,000
Median Price asked for vacant units$394,000

Rented Homes, Apartments and Condos

Average Household Size1.84
Median year structure was built1952
Median Monthly Rent asked for vacant units$1,042

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage4.90%
Home Equity Loan10.70%
Simple Mortgage52.60%
Debt Free31.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.8%