Lakewood, NJ Real Estate
According to census data in the year 2000 there were 9,464 housing units in Lakewood.
This represents a 10.8% growth from 8,544 in 1990.
Of those housing units, 9,464 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lakewood is about 44.1%.
Lakewood's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 3.85 people.
The majority of houses, apartments or condos in Lakewood were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.70% |
| One Bedroom | 17% |
| Two Bedrooms | 26% |
| Three Bedrooms | 26.40% |
| Four Bedrooms | 15.60% |
| Five Bedrooms or more | 10.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.98 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $132,000 |
| Median Price asked for vacant units | $221,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.75 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $718 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 7% |
| Simple Mortgage | 51.20% |
| Debt Free | 32.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 25% |
