Paramus, NJ Real Estate
According to census data in the year 2000 there were 8,209 housing units in Paramus.
This represents a 4% growth from 7,892 in 1990.
Of those housing units, 8,209 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Paramus is about 90.7%.
Paramus's vacancy rate, including seasonal lodging, is about 1.5%.
Average household size is 3 people.
The majority of houses, apartments or condos in Paramus were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 2.90% |
| Two Bedrooms | 10% |
| Three Bedrooms | 44.40% |
| Four Bedrooms | 35% |
| Five Bedrooms or more | 7.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.99 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $284,800 |
| Median Price asked for vacant units | $272,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.05 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $707 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 10.70% |
| Simple Mortgage | 45% |
| Debt Free | 37.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
