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 Units by Size|
|Five Bedrooms or more||16.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.8|
|Median year structure was built||1965|
|Median Value of occupied units||$429,400|
|Median Price asked for vacant units||$1,000,001|
Rented Homes, Apartments and Condos
|Average Household Size||1.85|
|Median year structure was built||1966|
|Median Monthly Rent asked for vacant units||$525|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||8.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.5%|