Rutherford, NJ Real Estate
According to census data in the year 2000 there were 7,214 housing units in Rutherford.
This represents a 0.1% decline from 7,220 in 1990.
Of those housing units, 7,214 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Rutherford is about 65.5%.
Rutherford's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Rutherford were built after 1942.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.40% |
| One Bedroom | 20.90% |
| Two Bedrooms | 19.70% |
| Three Bedrooms | 34.30% |
| Four Bedrooms | 16.30% |
| Five Bedrooms or more | 5.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $218,300 |
| Median Price asked for vacant units | $142,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $875 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 10.20% |
| Simple Mortgage | 51.70% |
| Debt Free | 29.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.4% |
