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Rahway, NJ Real Estate


According to census data in the year 2000 there were 10,381 housing units in Rahway. This represents a 3.9% growth from 9,989 in 1990.

Of those housing units, 10,381 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Rahway is about 62.9%. Rahway's vacancy rate, including seasonal lodging, is about 3.4%. Average household size is 2.63 people.

The majority of houses, apartments or condos in Rahway were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type4%
One Bedroom17.10%
Two Bedrooms24.90%
Three Bedrooms40.10%
Four Bedrooms11.90%
Five Bedrooms or more2%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.93
Median year structure was built1951
Median Value of occupied units$142,600
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1958
Median Monthly Rent asked for vacant units$726

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.10%
Home Equity Loan10.50%
Simple Mortgage48.70%
Debt Free32.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs22.5%