Berkeley Heights, NJ Real Estate
According to census data in the year 2000 there were 4,562 housing units in Berkeley Heights.
This represents a 16.3% growth from 3,924 in 1990.
Of those housing units, 4,562 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Berkeley Heights is about 91.9%.
Berkeley Heights's vacancy rate, including seasonal lodging, is about 1.8%.
Average household size is 2.89 people.
The majority of houses, apartments or condos in Berkeley Heights were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 2.40% |
| Two Bedrooms | 11.70% |
| Three Bedrooms | 39.80% |
| Four Bedrooms | 36.70% |
| Five Bedrooms or more | 9.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $324,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $1,792 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7% |
| Home Equity Loan | 11.70% |
| Simple Mortgage | 52.70% |
| Debt Free | 28.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
