Park Ridge, NJ Real Estate
According to census data in the year 2000 there were 3,258 housing units in Park Ridge.
This represents a 6.4% growth from 3,063 in 1990.
Of those housing units, 3,258 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Park Ridge is about 81.9%.
Park Ridge's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Park Ridge were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 12.70% |
| Two Bedrooms | 15.10% |
| Three Bedrooms | 38.40% |
| Four Bedrooms | 26.10% |
| Five Bedrooms or more | 6.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $307,000 |
| Median Price asked for vacant units | $1,000,001 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $840 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 10.30% |
| Home Equity Loan | 9.80% |
| Simple Mortgage | 47.70% |
| Debt Free | 31.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
