Olivet, NJ Real Estate
According to census data in the year 2000 there were 485 housing units in Olivet.
This represents a 25.6% growth from 386 in 1990.
Of those housing units, 431 were located in either urbanized areas or urban clusters, and 54 were located in what is classified as a rural area.
Homeownership rate in Olivet is about 96.4%.
Olivet's vacancy rate, including seasonal lodging, is about 1.9%.
Average household size is 3.11 people.
The majority of houses, apartments or condos in Olivet were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 5.20% |
| Three Bedrooms | 51.50% |
| Four Bedrooms | 41.40% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.05 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $153,100 |
| Median Price asked for vacant units | $187,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 4.65 |
| Median year structure was built | 1979 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 17% |
| Simple Mortgage | 60.10% |
| Debt Free | 17.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23% |
