Cedar Grove, NJ Real Estate
According to census data in the year 2000 there were 4,470 housing units in Cedar Grove.
This represents a 5.9% growth from 4,222 in 1990.
Of those housing units, 4,470 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Cedar Grove is about 79%.
Cedar Grove's vacancy rate, including seasonal lodging, is about 1.5%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Cedar Grove were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 13.30% |
| Two Bedrooms | 16.70% |
| Three Bedrooms | 39.50% |
| Four Bedrooms | 24.40% |
| Five Bedrooms or more | 5.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $237,600 |
| Median Price asked for vacant units | $406,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.78 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $917 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.20% |
| Home Equity Loan | 11.80% |
| Simple Mortgage | 48.10% |
| Debt Free | 35.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
