Erma, NJ Real Estate
According to census data in the year 2000 there were 837 housing units in Erma.
This represents a 2.7% growth from 815 in 1990.
Of those housing units, 837 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Erma is about 88.7%.
Erma's vacancy rate, including seasonal lodging, is about 11.1%.
Average household size is 2.86 people.
The majority of houses, apartments or condos in Erma were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.40% |
| Two Bedrooms | 24.40% |
| Three Bedrooms | 49.30% |
| Four Bedrooms | 20.90% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $116,200 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.74 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.10% |
| Home Equity Loan | 14.90% |
| Simple Mortgage | 53.80% |
| Debt Free | 21.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
