Mendham, NJ Real Estate
According to census data in the year 2000 there were 1,828 housing units in Mendham.
This represents a 2.9% growth from 1,777 in 1990.
Of those housing units, 1,609 were located in either urbanized areas or urban clusters, and 219 were located in what is classified as a rural area.
Homeownership rate in Mendham is about 85.6%.
Mendham's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.72 people.
The majority of houses, apartments or condos in Mendham were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.50% |
| Two Bedrooms | 15.20% |
| Three Bedrooms | 24.90% |
| Four Bedrooms | 37.10% |
| Five Bedrooms or more | 16.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.85 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $397,000 |
| Median Price asked for vacant units | $350,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $1,625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 4.70% |
| Home Equity Loan | 10.30% |
| Simple Mortgage | 57.50% |
| Debt Free | 26.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
