River Edge, NJ Real Estate
According to census data in the year 2000 there were 4,210 housing units in River Edge.
This represents a 1.2% growth from 4,161 in 1990.
Of those housing units, 4,210 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in River Edge is about 74.3%.
River Edge's vacancy rate, including seasonal lodging, is about 1.1%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in River Edge were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 14% |
| Two Bedrooms | 20% |
| Three Bedrooms | 41.40% |
| Four Bedrooms | 21.20% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $252,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $850 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 9.90% |
| Simple Mortgage | 48.10% |
| Debt Free | 32.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.3% |
