New Providence, NJ Real Estate
According to census data in the year 2000 there were 4,485 housing units in New Providence.
This represents a 3.7% growth from 4,325 in 1990.
Of those housing units, 4,485 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 Providence is about 76.3%.
New Providence's vacancy rate, including seasonal lodging, is about 1.8%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in New Providence were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 12.20% |
| Two Bedrooms | 13.60% |
| Three Bedrooms | 36.90% |
| Four Bedrooms | 31.30% |
| Five Bedrooms or more | 5.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $317,100 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $1,701 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 6% |
| Home Equity Loan | 15.60% |
| Simple Mortgage | 48.40% |
| Debt Free | 29.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
