Somerville, NJ Real Estate
According to census data in the year 2000 there were 4,898 housing units in Somerville.
This represents a 0.9% growth from 4,853 in 1990.
Of those housing units, 4,898 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Somerville is about 48.5%.
Somerville's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Somerville were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.60% |
| One Bedroom | 24.40% |
| Two Bedrooms | 23.50% |
| Three Bedrooms | 31.30% |
| Four Bedrooms | 15% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $156,700 |
| Median Price asked for vacant units | $126,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $792 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 52.20% |
| Debt Free | 32.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.9% |
