East Newark, NJ Real Estate
According to census data in the year 2000 there were 799 housing units in East Newark.
This represents a 5.8% growth from 755 in 1990.
Of those housing units, 799 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in East Newark is about 33%.
East Newark's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 3.1 people.
The majority of houses, apartments or condos in East Newark were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 17.90% |
| Two Bedrooms | 49.60% |
| Three Bedrooms | 23% |
| Four Bedrooms | 4.90% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.38 |
| Median year structure was built | 1940 |
| Median Value of occupied units | $126,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.96 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $531 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 47.40% |
| Debt Free | 47.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
