Morris Plains, NJ Real Estate
According to census data in the year 2000 there were 1,994 housing units in Morris Plains.
This represents a 1.5% growth from 1,965 in 1990.
Of those housing units, 1,994 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Morris Plains is about 91.7%.
Morris Plains's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Morris Plains were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 6.70% |
| Two Bedrooms | 13.10% |
| Three Bedrooms | 34.20% |
| Four Bedrooms | 38.80% |
| Five Bedrooms or more | 6.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $282,500 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $650 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 10% |
| Simple Mortgage | 59.20% |
| Debt Free | 27.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
