New Providence, NJ Real Estate
According to census data in the year 2000 there were 4,485 housing units in New Providence.
This represents a 3.7% growth from 4,325 in 1990.
Of those housing units, 4,485 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in New Providence is about 76.3%.
New Providence's vacancy rate, including seasonal lodging, is about 1.8%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in New Providence were built after 1957.
|Housing Units by Size|
|Five Bedrooms or more||5.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.89|
|Median year structure was built||1958|
|Median Value of occupied units||$317,100|
|Median Price asked for vacant units||$112,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.97|
|Median year structure was built||1956|
|Median Monthly Rent asked for vacant units||$1,701|
Owners Finance Status
|Second Mortgage & Equity Loan||0.60%|
|Home Equity Loan||15.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.8%|