Scotch Plains, NJ Real Estate
According to census data in the year 2000 there were 8,479 housing units in Scotch Plains.
This represents a 8.8% growth from 7,792 in 1990.
Of those housing units, 8,479 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Scotch Plains is about 78.7%.
Scotch Plains's vacancy rate, including seasonal lodging, is about 1.5%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in Scotch Plains were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 13.90% |
| Two Bedrooms | 13.50% |
| Three Bedrooms | 35.50% |
| Four Bedrooms | 29.50% |
| Five Bedrooms or more | 6.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $258,800 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $1,125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 7% |
| Home Equity Loan | 13.50% |
| Simple Mortgage | 51.40% |
| Debt Free | 28% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.6% |
