Far Hills, NJ Real Estate
According to census data in the year 2000 there were 384 housing units in Far Hills.
This represents a 44.4% growth from 266 in 1990.
Of those housing units, 297 were located in either urbanized areas or urban clusters, and 87 were located in what is classified as a rural area.
Homeownership rate in Far Hills is about 76.8%.
Far Hills's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Far Hills were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 7% |
| Two Bedrooms | 26.60% |
| Three Bedrooms | 34.40% |
| Four Bedrooms | 18.20% |
| Five Bedrooms or more | 13% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $393,300 |
| Median Price asked for vacant units | $287,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11.70% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 50% |
| Debt Free | 32.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
