Peapack, NJ Real Estate
According to census data in the year 2000 there were 871 housing units in Peapack.
This represents a 5.2% growth from 828 in 1990.
Of those housing units, 549 were located in either urbanized areas or urban clusters, and 322 were located in what is classified as a rural area.
Homeownership rate in Peapack is about 78.3%.
Peapack's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in Peapack were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 6.10% |
| Two Bedrooms | 15% |
| Three Bedrooms | 30.70% |
| Four Bedrooms | 26.50% |
| Five Bedrooms or more | 21.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $461,500 |
| Median Price asked for vacant units | $1,000,001 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $825 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 4.20% |
| Home Equity Loan | 10% |
| Simple Mortgage | 53.80% |
| Debt Free | 31.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
