Fanwood, NJ Real Estate
According to census data in the year 2000 there were 2,615 housing units in Fanwood.
This represents a 4.3% growth from 2,507 in 1990.
Of those housing units, 2,615 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Fanwood is about 92%.
Fanwood's vacancy rate, including seasonal lodging, is about 1.6%.
Average household size is 2.76 people.
The majority of houses, apartments or condos in Fanwood were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 1.30% |
| Two Bedrooms | 7.20% |
| Three Bedrooms | 62.60% |
| Four Bedrooms | 24.80% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $224,300 |
| Median Price asked for vacant units | $187,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.01 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $1,625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 4% |
| Home Equity Loan | 12.30% |
| Simple Mortgage | 56.90% |
| Debt Free | 26.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
