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Butler, NJ

Full City Profile · New Jersey · Morris County County

3.8 /5.0
B+ Good
8,072 Population 3,976/sq mi density
$110,375 Median Income $52,386 per capita
$425,900 Home Value $538,782 Zillow
$1,455 Median Rent 24.6% income on rent
52°F Avg Temperature 275 sunny days/yr
13 Violent Crime/100K 342 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$110,375 median income, 3.6% unemployment
A+
Affordability
4.5 / 5.0
$425,900 home value, $1,455/mo rent
F
Safety
1.3 / 5.0
13 violent crimes/100K
A+
Education
4.6 / 5.0
45.1% bachelor's degree or higher

Housing Overview

Median Home Value
$425,900
51% above
US avg: $281,900
Median Rent
$1,455/mo
25% above
US avg: $1,163/mo
Homeownership Rate
67.7%
4% above US avg (65.4%)
Total Housing Units
3,523
Median year built: 1963

Home Value by Source

Census Median
$425,900
Zillow (ZHVI)
$538,782
Median Sale Price
$497,500
Median List Price
$612,400
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

67.7%
Owner-Occupied
32.3%
Renter-Occupied
68%
32%
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: $1,455/mo

Market Indicators (Redfin)

Median Days on Market
54 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$259
Active Inventory
9
homes for sale

Affordability & Housing Stock

Rent Burden
24.6%
of renters spending 30%+ of income on housing
21% below US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
67.7%

Complete Housing Data

Home Values

Census Median Value$425,900
Zillow Home Value (ZHVI)$538,782
Median Sale Price$497,500
Median List Price$612,400
Price Per Sq Ft$259

Rent

Census Median Rent$1,455
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 Market54
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold4
Active Inventory9
Price Per Sq Ft$259

Ownership & Stock

Owner-Occupied67.7%
Renter-Occupied32.3%
Homeownership Rate67.7%
Total Housing Units3,523
Median Year Built1963
Rent Burden24.6%