Farmingdale, NJ Real Estate
According to census data in the year 2000 there were 638 housing units in Farmingdale.
This represents a 6.3% growth from 600 in 1990.
Of those housing units, 638 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Farmingdale is about 54.1%.
Farmingdale's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Farmingdale were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 24% |
| Two Bedrooms | 24.30% |
| Three Bedrooms | 31.70% |
| Four Bedrooms | 15.80% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.02 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $154,100 |
| Median Price asked for vacant units | $120,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $570 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.70% |
| Home Equity Loan | 14.20% |
| Simple Mortgage | 49.50% |
| Debt Free | 25.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.6% |
