Oakland, NJ Real Estate
According to census data in the year 2000 there were 4,345 housing units in Oakland.
This represents a 8.1% growth from 4,019 in 1990.
Of those housing units, 3,957 were located in either urbanized areas or urban clusters, and 388 were located in what is classified as a rural area.
Homeownership rate in Oakland is about 93.2%.
Oakland's vacancy rate, including seasonal lodging, is about 2.1%.
Average household size is 2.88 people.
The majority of houses, apartments or condos in Oakland were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 3.40% |
| Two Bedrooms | 12.30% |
| Three Bedrooms | 50.10% |
| Four Bedrooms | 28.70% |
| Five Bedrooms or more | 5.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $245,300 |
| Median Price asked for vacant units | $308,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $1,125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 57% |
| Debt Free | 22.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.8% |
