Millburn, NJ Real Estate
According to census data in the year 2000 there were 7,158 housing units in Millburn.
This represents a 0.7% growth from 7,108 in 1990.
Of those housing units, 7,158 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Millburn is about 82.4%.
Millburn's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.82 people.
The majority of houses, apartments or condos in Millburn were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 10.70% |
| Two Bedrooms | 8.60% |
| Three Bedrooms | 32.20% |
| Four Bedrooms | 28.10% |
| Five Bedrooms or more | 20.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.02 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $549,000 |
| Median Price asked for vacant units | $394,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $1,042 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 10.70% |
| Simple Mortgage | 52.60% |
| Debt Free | 31.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
