Madison Park, NJ Real Estate
According to census data in the year 2000 there were 2,532 housing units in Madison Park.
This represents a 14.7% decline from 2,968 in 1990.
Of those housing units, 2,532 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Madison Park is about 30.5%.
Madison Park's vacancy rate, including seasonal lodging, is about 2.4%.
Average household size is 2.79 people.
The majority of houses, apartments or condos in Madison Park were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.20% |
| One Bedroom | 37.60% |
| Two Bedrooms | 28.90% |
| Three Bedrooms | 25.40% |
| Four Bedrooms | 3.80% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $140,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $633 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.50% |
| Home Equity Loan | 16.30% |
| Simple Mortgage | 46% |
| Debt Free | 32.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
