Passaic, NJ Real Estate
According to census data in the year 2000 there were 20,194 housing units in Passaic.
This represents a 2.9% growth from 19,619 in 1990.
Of those housing units, 20,194 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Passaic is about 26.9%.
Passaic's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 3.46 people.
The majority of houses, apartments or condos in Passaic were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.10% |
| One Bedroom | 26.60% |
| Two Bedrooms | 37.70% |
| Three Bedrooms | 20.10% |
| Four Bedrooms | 6.90% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.9 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $153,000 |
| Median Price asked for vacant units | $176,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.29 |
| Median year structure was built | 1947 |
| Median Monthly Rent asked for vacant units | $501 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 10.30% |
| Home Equity Loan | 5.80% |
| Simple Mortgage | 56.80% |
| Debt Free | 26.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 25.7% |
