Gloucester City, NJ Real Estate
According to census data in the year 2000 there were 4,612 housing units in Gloucester City.
This represents a 6.5% decline from 4,934 in 1990.
Of those housing units, 4,612 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Gloucester City is about 73.8%.
Gloucester City's vacancy rate, including seasonal lodging, is about 8.5%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in Gloucester City were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 13.50% |
| Two Bedrooms | 21.50% |
| Three Bedrooms | 46.60% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $79,500 |
| Median Price asked for vacant units | $52,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $535 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 10.30% |
| Simple Mortgage | 48.80% |
| Debt Free | 35.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.5% |
