New Milford, NJ Real Estate
According to census data in the year 2000 there were 6,437 housing units in New Milford.
This represents a 1.3% growth from 6,353 in 1990.
Of those housing units, 6,437 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in New Milford is about 63.3%.
New Milford's vacancy rate, including seasonal lodging, is about 1.4%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in New Milford were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.30% |
| One Bedroom | 22.80% |
| Two Bedrooms | 18% |
| Three Bedrooms | 31.90% |
| Four Bedrooms | 20.40% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.99 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $223,400 |
| Median Price asked for vacant units | $216,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $720 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 9.90% |
| Simple Mortgage | 51.40% |
| Debt Free | 31.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.5% |
