Somers Point, NJ Real Estate
According to census data in the year 2000 there were 5,402 housing units in Somers Point.
This represents a 0.9% decline from 5,449 in 1990.
Of those housing units, 5,402 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Somers Point is about 57.5%.
Somers Point's vacancy rate, including seasonal lodging, is about 8.9%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Somers Point were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 14.30% |
| Two Bedrooms | 40.70% |
| Three Bedrooms | 32.60% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $122,000 |
| Median Price asked for vacant units | $135,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $663 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 11.80% |
| Simple Mortgage | 52.20% |
| Debt Free | 29.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.7% |
