Watchung, NJ Real Estate
According to census data in the year 2000 there were 2,155 housing units in Watchung.
This represents a 20.1% growth from 1,794 in 1990.
Of those housing units, 2,155 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Watchung is about 81%.
Watchung's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Watchung were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 12.10% |
| Two Bedrooms | 10% |
| Three Bedrooms | 32.70% |
| Four Bedrooms | 26.80% |
| Five Bedrooms or more | 16.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $429,400 |
| Median Price asked for vacant units | $1,000,001 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 8.40% |
| Simple Mortgage | 48.60% |
| Debt Free | 36.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
