Newton, NJ Real Estate
According to census data in the year 2000 there were 3,425 housing units in Newton.
This represents a 10% growth from 3,115 in 1990.
Of those housing units, 3,425 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Newton is about 48.9%.
Newton's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Newton were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 27.80% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 30.70% |
| Four Bedrooms | 11.90% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.98 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $136,100 |
| Median Price asked for vacant units | $105,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.82 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $673 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 10.60% |
| Simple Mortgage | 60.60% |
| Debt Free | 24.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.7% |
