Ridgewood, NJ Real Estate
According to census data in the year 2000 there were 8,802 housing units in Ridgewood.
This represents a 1.6% growth from 8,666 in 1990.
Of those housing units, 8,802 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ridgewood is about 80%.
Ridgewood's vacancy rate, including seasonal lodging, is about 2.3%.
Average household size is 2.87 people.
The majority of houses, apartments or condos in Ridgewood were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 8.70% |
| Two Bedrooms | 13.30% |
| Three Bedrooms | 31.70% |
| Four Bedrooms | 30.80% |
| Five Bedrooms or more | 14.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $387,200 |
| Median Price asked for vacant units | $422,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.19 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $1,404 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7% |
| Home Equity Loan | 13.20% |
| Simple Mortgage | 55% |
| Debt Free | 24.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.6% |
