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Basking Ridge, NJ
Full City Profile · New Jersey · Somerset County County
3.8
/5.0
B+
Good
7,882
Population
1,168/sq mi density
$200,378
Median Income
$101,591 per capita
$841,700
Home Value
$911,467 Zillow
$565
Median Rent
29.8% income on rent
51°F
Avg Temperature
275 sunny days/yr
13
Violent Crime/100K
720 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$200,378 median income, 3.8% unemployment
A
Affordability
4.3 / 5.0
$841,700 home value, $565/mo rent
F
Safety
1.3 / 5.0
13 violent crimes/100K
A+
Education
5.0 / 5.0
73.6% bachelor's degree or higher
Housing Overview
Median Home Value
$841,700
199% above
US avg: $281,900
Median Rent
$565/mo
51% below
US avg: $1,163/mo
Homeownership Rate
84.6%
29% above US avg (65.4%)
Total Housing Units
2,890
Median year built: 1971
Home Value by Source
Census Median
$841,700
Zillow (ZHVI)
$911,467
Median Sale Price
$1,365,000
Median List Price
$1,614,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.6%
Owner-Occupied
15.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$565/mo
· Zillow rent:
$3,000/mo
Market Indicators (Redfin)
Median Days on Market
52 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
50.0%
of listings with price reduction
Price Per Sq Ft
$1,004
Active Inventory
2
homes for sale
Affordability & Housing Stock
Rent Burden
29.8%
of renters spending 30%+ of income on housing
4% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
84.6%
Complete Housing Data
Home Values
| Census Median Value | $841,700 |
| Zillow Home Value (ZHVI) | $911,467 |
| Median Sale Price | $1,365,000 |
| Median List Price | $1,614,500 |
| Price Per Sq Ft | $1,004 |
Rent
| Census Median Rent | $565 |
| Zillow Rent (ZORI) | $3,000 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 52 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 50.0% |
| Homes Sold | 3 |
| Active Inventory | 2 |
| Price Per Sq Ft | $1,004 |
Ownership & Stock
| Owner-Occupied | 84.6% |
| Renter-Occupied | 15.4% |
| Homeownership Rate | 84.6% |
| Total Housing Units | 2,890 |
| Median Year Built | 1971 |
| Rent Burden | 29.8% |