Spring Lake, NJ Real Estate
According to census data in the year 2000 there were 1,930 housing units in Spring Lake.
This represents a 2.1% growth from 1,890 in 1990.
Of those housing units, 1,930 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Spring Lake is about 79.4%.
Spring Lake's vacancy rate, including seasonal lodging, is about 24.2%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Spring Lake were built after 1942.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4% |
| One Bedroom | 3.60% |
| Two Bedrooms | 8.30% |
| Three Bedrooms | 28.40% |
| Four Bedrooms | 23.40% |
| Five Bedrooms or more | 32.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $638,200 |
| Median Price asked for vacant units | $495,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 14.20% |
| Simple Mortgage | 39.20% |
| Debt Free | 42.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
