Red Bank, NJ Real Estate

According to census data in the year 2000 there were 5,450 housing units in Red Bank. This represents a 6.6% growth from 5,112 in 1990.

Of those housing units, 5,450 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Red Bank is about 47.6%. Red Bank's vacancy rate, including seasonal lodging, is about 4.6%. Average household size is 2.2 people.

The majority of houses, apartments or condos in Red Bank were built after 1949.


Housing Size

Housing Units by Size
Studio Type4.40%
One Bedroom29%
Two Bedrooms29.80%
Three Bedrooms27.40%
Four Bedrooms7.70%
Five Bedrooms or more1.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.31
Median year structure was built1942
Median Value of occupied units$178,900
Median Price asked for vacant units$78,800

Rented Homes, Apartments and Condos

Average Household Size2.09
Median year structure was built1955
Median Monthly Rent asked for vacant units$1,171

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.80%
Second Mortgage8.80%
Home Equity Loan8.40%
Simple Mortgage55.10%
Debt Free25.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs23.3%