Merchantville, NJ Real Estate
According to census data in the year 2000 there were 1,607 housing units in Merchantville.
This represents a 3% decline from 1,656 in 1990.
Of those housing units, 1,607 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Merchantville is about 60.1%.
Merchantville's vacancy rate, including seasonal lodging, is about 5.2%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Merchantville were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 19.80% |
| Two Bedrooms | 22.70% |
| Three Bedrooms | 28.30% |
| Four Bedrooms | 17.40% |
| Five Bedrooms or more | 10.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $122,200 |
| Median Price asked for vacant units | $161,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1943 |
| Median Monthly Rent asked for vacant units | $669 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 49.20% |
| Debt Free | 32.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
