Metuchen, NJ Real Estate
According to census data in the year 2000 there were 5,104 housing units in Metuchen.
This represents a 0.1% growth from 5,097 in 1990.
Of those housing units, 5,104 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Metuchen is about 80.7%.
Metuchen's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Metuchen were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 11% |
| Two Bedrooms | 21.90% |
| Three Bedrooms | 42.90% |
| Four Bedrooms | 17.80% |
| Five Bedrooms or more | 5.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $194,900 |
| Median Price asked for vacant units | $450,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $246 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 52.50% |
| Debt Free | 31.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
