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Boonton, NJ
Full City Profile · New Jersey · Morris County County
3.6
/5.0
B+
Good
8,803
Population
3,762/sq mi density
$100,417
Median Income
$49,829 per capita
$475,300
Home Value
$650,945 Zillow
$1,761
Median Rent
29.4% income on rent
52°F
Avg Temperature
275 sunny days/yr
135
Violent Crime/100K
1,005 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$100,417 median income, 4.4% unemployment
A
Affordability
4.0 / 5.0
$475,300 home value, $1,761/mo rent
F
Safety
1.0 / 5.0
135 violent crimes/100K
A+
Education
4.9 / 5.0
48.6% bachelor's degree or higher
Housing Overview
Median Home Value
$475,300
69% above
US avg: $281,900
Median Rent
$1,761/mo
51% above
US avg: $1,163/mo
Homeownership Rate
56.8%
13% below US avg (65.4%)
Total Housing Units
3,639
Median year built: 1955
Home Value by Source
Census Median
$475,300
Zillow (ZHVI)
$650,945
Median Sale Price
$435,000
Median List Price
$755,250
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
56.8%
Owner-Occupied
43.2%
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:
$1,761/mo
· Zillow rent:
$2,569/mo
Market Indicators (Redfin)
Median Days on Market
80 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
12.5%
of listings with price reduction
Price Per Sq Ft
$290
Active Inventory
8
homes for sale
Affordability & Housing Stock
Rent Burden
29.4%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1955
Average age of housing stock: 71 years
Homeownership Rate
56.8%
Complete Housing Data
Home Values
| Census Median Value | $475,300 |
| Zillow Home Value (ZHVI) | $650,945 |
| Median Sale Price | $435,000 |
| Median List Price | $755,250 |
| Price Per Sq Ft | $290 |
Rent
| Census Median Rent | $1,761 |
| Zillow Rent (ZORI) | $2,569 |
| 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 | 80 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 12.5% |
| Homes Sold | 3 |
| Active Inventory | 8 |
| Price Per Sq Ft | $290 |
Ownership & Stock
| Owner-Occupied | 56.8% |
| Renter-Occupied | 43.2% |
| Homeownership Rate | 56.8% |
| Total Housing Units | 3,639 |
| Median Year Built | 1955 |
| Rent Burden | 29.4% |