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 Units by Size|
|Five Bedrooms or more||20.20%|
Owned Homes, Apartments and Condos
|Average Household Size||3.02|
|Median year structure was built||1947|
|Median Value of occupied units||$549,000|
|Median Price asked for vacant units||$394,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.84|
|Median year structure was built||1952|
|Median Monthly Rent asked for vacant units||$1,042|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||10.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.8%|