Milltown, NJ Real Estate
According to census data in the year 2000 there were 2,670 housing units in Milltown.
This represents a 4.6% growth from 2,553 in 1990.
Of those housing units, 2,670 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Milltown is about 83.7%.
Milltown's vacancy rate, including seasonal lodging, is about 1.6%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Milltown were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.30% |
| Two Bedrooms | 18.10% |
| Three Bedrooms | 45.70% |
| Four Bedrooms | 25.50% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.85 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $178,400 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.71 |
| Median year structure was built | 1944 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 46.20% |
| Debt Free | 35.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
