Watchung, NJ Real Estate

According to census data in the year 2000 there were 2,155 housing units in Watchung. This represents a 20.1% growth from 1,794 in 1990.

Of those housing units, 2,155 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Watchung is about 81%. Watchung's vacancy rate, including seasonal lodging, is about 2.6%. Average household size is 2.62 people.

The majority of houses, apartments or condos in Watchung were built after 1965.


Housing Size

Housing Units by Size
Studio Type2%
One Bedroom12.10%
Two Bedrooms10%
Three Bedrooms32.70%
Four Bedrooms26.80%
Five Bedrooms or more16.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.8
Median year structure was built1965
Median Value of occupied units$429,400
Median Price asked for vacant units$1,000,001

Rented Homes, Apartments and Condos

Average Household Size1.85
Median year structure was built1966
Median Monthly Rent asked for vacant units$525

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.70%
Home Equity Loan8.40%
Simple Mortgage48.60%
Debt Free36.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.5%