Passaic, NJ Real Estate
According to census data in the year 2000 there were 20,194 housing units in Passaic.
This represents a 2.9% growth from 19,619 in 1990.
Of those housing units, 20,194 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Passaic is about 26.9%.
Passaic's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 3.46 people.
The majority of houses, apartments or condos in Passaic were built after 1945.
|Housing Units by Size|
|Five Bedrooms or more||3.60%|
Owned Homes, Apartments and Condos
|Average Household Size||3.9|
|Median year structure was built||1941|
|Median Value of occupied units||$153,000|
|Median Price asked for vacant units||$176,600|
Rented Homes, Apartments and Condos
|Average Household Size||3.29|
|Median year structure was built||1947|
|Median Monthly Rent asked for vacant units||$501|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||5.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||25.7%|