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Lambertville, NJ Real Estate


According to census data in the year 2000 there were 1,961 housing units in Lambertville. This represents a 7.9% growth from 1,818 in 1990.

Of those housing units, 1,961 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lambertville is about 64.6%. Lambertville's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.06 people.

The majority of houses, apartments or condos in Lambertville were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type2.70%
One Bedroom19.40%
Two Bedrooms33.90%
Three Bedrooms33.70%
Four Bedrooms8.40%
Five Bedrooms or more2%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1939
Median Value of occupied units$170,500
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size1.65
Median year structure was built1939
Median Monthly Rent asked for vacant units$859

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.10%
Home Equity Loan13.20%
Simple Mortgage52.30%
Debt Free29.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs21.1%