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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||9.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22.5%|