Milltown, NJ Real Estate

According to census data in the year 2000 there were 2,670 housing units in Milltown. This represents a 4.6% growth from 2,553 in 1990.

Of those housing units, 2,670 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Milltown is about 83.7%. Milltown's vacancy rate, including seasonal lodging, is about 1.6%. Average household size is 2.66 people.

The majority of houses, apartments or condos in Milltown were built after 1956.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.30%
Two Bedrooms18.10%
Three Bedrooms45.70%
Four Bedrooms25.50%
Five Bedrooms or more3.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.85
Median year structure was built1958
Median Value of occupied units$178,400
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size1.71
Median year structure was built1944

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage5.90%
Home Equity Loan11.90%
Simple Mortgage46.20%
Debt Free35.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%