Monmouth Junction, NJ Real Estate
According to census data in the year 2000 there were 799 housing units in Monmouth Junction.
This represents a 47.1% growth from 543 in 1990.
Of those housing units, 799 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Monmouth Junction is about 98.1%.
Average household size is 3.03 people.
The majority of houses, apartments or condos in Monmouth Junction were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 2.60% |
| Two Bedrooms | 25.80% |
| Three Bedrooms | 44.20% |
| Four Bedrooms | 22.90% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.03 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $192,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 3.70% |
| Home Equity Loan | 10.80% |
| Simple Mortgage | 71.10% |
| Debt Free | 13.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
