New Milford, CT Real Estate
According to census data in the year 2000 there were 2,821 housing units in New Milford.
This represents a 10.1% growth from 2,563 in 1990.
Of those housing units, 2,821 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in New Milford is about 51.7%.
New Milford's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in New Milford were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 28.70% |
| Two Bedrooms | 30.30% |
| Three Bedrooms | 27.40% |
| Four Bedrooms | 9.50% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $158,300 |
| Median Price asked for vacant units | $275,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $539 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.50% |
| Home Equity Loan | 10.10% |
| Simple Mortgage | 58.10% |
| Debt Free | 26.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.7% |
