Garwood, NJ Real Estate
According to census data in the year 2000 there were 1,782 housing units in Garwood.
This represents a 1.9% growth from 1,748 in 1990.
Of those housing units, 1,782 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Garwood is about 63.1%.
Garwood's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Garwood were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 14.40% |
| Two Bedrooms | 30.30% |
| Three Bedrooms | 40.30% |
| Four Bedrooms | 13.10% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $181,500 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $950 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 11% |
| Simple Mortgage | 44.50% |
| Debt Free | 40.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 24.2% |
