The 2000 Census indicates that New Jersey has a total of 3,064,645 occupied homes. 1,701,732 of these homes are occupied by the owner. 11,869 have a property value of $1,000,000 or more, or 0.7 percent. 67,913 homes are valued at $500,000 to $999,999, or 4.0 percent 213,099 are priced from $300,000 to $499,999, or 12.5 percent. 354,359 have a real estate value of $200,000 to $299,999, or 20.8 percent. The are 379,890 residences in the $150,000 to $199,000 price range, or 22.3 percent. 415,190 home owners in New Jersey have homes valued from $100,000 to $149,999 (24.4 percent). The number of homes in the $50,000 to $99,999 price range is 229,354, or 13.5 percent. There are 30,058 properties priced at less than $50,000, or 1.8 percent.
In New Jersey, 1,215,974 or 71.5 percent of home owners have a mortgage. The median monthly mortgage payment is $1,560. 485,758, or 28.5 percent of home owners have no mortgage.
New Jersey has a total of 1,049,127 occupied rental units. The median rent per month is $751.
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