River Vale, NJ Real Estate
According to census data in the year 2000 there were 3,312 housing units in River Vale.
This represents a 3.2% growth from 3,208 in 1990.
Of those housing units, 3,312 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 Vale is about 91%.
River Vale's vacancy rate, including seasonal lodging, is about 1.1%.
Average household size is 2.87 people.
The majority of houses, apartments or condos in River Vale were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 7.10% |
| Two Bedrooms | 10.40% |
| Three Bedrooms | 35.90% |
| Four Bedrooms | 36% |
| Five Bedrooms or more | 10.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.97 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $350,300 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1969 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 12.90% |
| Simple Mortgage | 56.30% |
| Debt Free | 24.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.7% |
