Orange, NJ Real Estate
According to census data in the year 2000 there were 12,665 housing units in Orange.
This represents a 2.8% growth from 12,318 in 1990.
Of those housing units, 12,665 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Orange is about 25.4%.
Orange's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Orange were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 7.70% |
| One Bedroom | 32.10% |
| Two Bedrooms | 33.80% |
| Three Bedrooms | 16.90% |
| Four Bedrooms | 5% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.38 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $131,400 |
| Median Price asked for vacant units | $78,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $622 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.20% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 57.50% |
| Debt Free | 24% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 24.3% |
