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Milltown New Jersey Real Estate By Jennifer Hershey

Milltown New Jersey Real Estate

Milltown, New Jersey, is located in Middlesex County, 5 miles S of Piscataway, New Jersey and 31 miles SW of New York, New York. Milltown has a population of 7,000.

Milltown Homes

Milltown properties pool is 2,627 residential properties including Milltown new homes. Median age of real estate in Milltown is 1956. Average Household size is 3.12 people. 2% are one bedroom homes, 13% are 2 bedroom homes, 51% are 3 bedroom homes, 30% are 4 bedroom homes, and 4% are 5+ bedroom homes.

Milltown Mortgage Statistics

Milltown mortgages vs. USA median statistics

Homes Milltown USA
Homes With No Mortgage 36%
30%
Homes With Mortgage 64%
70%
First Mortgage Only 47%
54%
First & Second Mortgage or HELOC 18%
16%

Milltown Area Real Estate Tax

Milltown Real estate Tax: Median Real Estate Taxes (2000) were $4,162 comparing to 1999 Median Family income $ 77,869. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Milltown School District: Children make up 22.9% of Milltown population. Milltown has 1,601 under 18 years old residents, or 0.45 kids per one worker, or 0.61 kids per one household.

Milltown Real Estate & Milltown Homeownership

There are 551.67 or 21% one person households, 893.18 or 34% two person households, and 472.86 or 18% three person households in Milltown, New Jersey. Median residents age is 39.9, Senior citizens (65+) make up 1,098 or 15.7%% of Milltown population.

There are 3,580 workers (over 16 years of age) in Milltown. Of these, 92.37% drive to work. Approximately 2.88% of workers in Milltown take public transportation. An estimated 1.26% walk to work.

Median Milltown homeowner's housing expences are 19.7%

Crime in Milltown (2003), crimes per 10,000 residents per year

Type of Crime Milltown USA, 2003
Violent Crimes
18.57
47.5
Robberies
7.14
14.2
Aggravated Assaults
8.57
29.5
Property Crimes
225.71
358.8
Burglaries
34.29
74.0
Larceny-Thefts
188.57
241.5
Motor Vehicle Thefts
2.86
43.3

Invest in Milltown Properties

When making a decision about buying real estate in Milltown New Jersey area, you should consider following statistical data:

Category Milltown USA
Near Medium City
Piscataway, New Jersey
-
Near Large City
New York, New York
-
Milltown Zip Codes
08850
-
Milltown Area Codes
732
-
White population
93.86%
75.1%
African-American population
0.76%
12.3%
Asian
3.07%
3.6%
American Indian & Alaskan
0.16%
0.9%
Hispanic (of any race)
3.73%
12.5%
Median Family Income (1999)
$ 77,869%
$42,000
Population Below Poverty Level
2.26%
12.4%

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