Mountain Lakes, NJ Real Estate
According to census data in the year 2000 there were 1,357 housing units in Mountain Lakes.
This represents a 7% growth from 1,268 in 1990.
Of those housing units, 1,357 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Mountain Lakes is about 96.8%.
Mountain Lakes's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 3.2 people.
The majority of houses, apartments or condos in Mountain Lakes were built after 1946.
|Housing Units by Size|
|Five Bedrooms or more||32.20%|
Owned Homes, Apartments and Condos
|Average Household Size||3.22|
|Median year structure was built||1946|
|Median Value of occupied units||$488,900|
|Median Price asked for vacant units||$625,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.57|
|Median year structure was built||1951|
|Median Monthly Rent asked for vacant units||$1,125|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||13.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.7%|