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 Type | 4% |
| One Bedroom | 17.10% |
| Two Bedrooms | 24.90% |
| Three Bedrooms | 40.10% |
| Four Bedrooms | 11.90% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.93 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $142,600 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $726 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 48.70% |
| Debt Free | 32.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.5% |
