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 Size

Housing Units by Size
Studio Type0.40%
One Bedroom12.20%
Two Bedrooms13.60%
Three Bedrooms36.90%
Four Bedrooms31.30%
Five Bedrooms or more5.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.89
Median year structure was built1958
Median Value of occupied units$317,100
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1956
Median Monthly Rent asked for vacant units$1,701

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage6%
Home Equity Loan15.60%
Simple Mortgage48.40%
Debt Free29.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.8%