Cranford, NJ Real Estate
According to census data in the year 2000 there were 8,560 housing units in Cranford.
This represents a 1.8% growth from 8,405 in 1990.
Of those housing units, 8,560 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Cranford is about 82.9%.
Cranford's vacancy rate, including seasonal lodging, is about 1.9%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Cranford were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 9.70% |
| Two Bedrooms | 15.90% |
| Three Bedrooms | 42.90% |
| Four Bedrooms | 26.40% |
| Five Bedrooms or more | 4.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $233,600 |
| Median Price asked for vacant units | $240,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.69 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $1,308 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 10.90% |
| Simple Mortgage | 47.80% |
| Debt Free | 32.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
