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 Units by Size|
|Five Bedrooms or more||1.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.31|
|Median year structure was built||1942|
|Median Value of occupied units||$178,900|
|Median Price asked for vacant units||$78,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.09|
|Median year structure was built||1955|
|Median Monthly Rent asked for vacant units||$1,171|
Owners Finance Status
|Second Mortgage & Equity Loan||1.80%|
|Home Equity Loan||8.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||23.3%|