Shrewsbury, NJ Real Estate
According to census data in the year 2000 there were 1,223 housing units in Shrewsbury.
This represents a 8.7% growth from 1,125 in 1990.
Of those housing units, 1,223 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Shrewsbury is about 95.3%.
Shrewsbury's vacancy rate, including seasonal lodging, is about 1.3%.
Average household size is 2.96 people.
The majority of houses, apartments or condos in Shrewsbury were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.70% |
| Two Bedrooms | 9.70% |
| Three Bedrooms | 39.70% |
| Four Bedrooms | 39.30% |
| Five Bedrooms or more | 8.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.99 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $258,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1960 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 54.10% |
| Debt Free | 25.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22% |
