Elmwood Park, NJ Real Estate
According to census data in the year 2000 there were 7,242 housing units in Elmwood Park.
This represents a 4.4% growth from 6,940 in 1990.
Of those housing units, 7,242 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Elmwood Park is about 60.6%.
Elmwood Park's vacancy rate, including seasonal lodging, is about 2.1%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Elmwood Park were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 11.30% |
| Two Bedrooms | 34.20% |
| Three Bedrooms | 35.80% |
| Four Bedrooms | 12.60% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $184,100 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $774 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 4.20% |
| Simple Mortgage | 42.20% |
| Debt Free | 46.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.5% |
