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Great Meadows, NJ

Full City Profile · New Jersey · Morris County County

2.9 /5.0
C+ Fair
353 Population 231/sq mi density
$73,836 Median Income $51,354 per capita
$372,100 Home Value $464,617 Zillow
52°F Avg Temperature 271 sunny days/yr
63 Violent Crime/100K 1,514 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$73,836 median income, 3.7% unemployment
B+
Affordability
3.8 / 5.0
$372,100 home value, /mo rent
F
Safety
1.0 / 5.0
63 violent crimes/100K
C
Education
2.4 / 5.0
17.4% bachelor's degree or higher

Housing Overview

Median Home Value
$372,100
32% above
US avg: $281,900
Homeownership Rate
100.0%
53% above US avg (65.4%)
Total Housing Units
156
Median year built: 1938

Home Value by Source

Census Median
$372,100
Zillow (ZHVI)
$464,617
Median Sale Price
$499,499
Median List Price
$499,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

100.0%
Owner-Occupied
0.0%
Renter-Occupied
100%
0%
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

Market Indicators (Redfin)

Median Days on Market
80 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$343

Affordability & Housing Stock

Rent Burden
27.2%
of renters spending 30%+ of income on housing
12% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
100.0%

Complete Housing Data

Home Values

Census Median Value$372,100
Zillow Home Value (ZHVI)$464,617
Median Sale Price$499,499
Median List Price$499,000
Price Per Sq Ft$343

Rent

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 Market80
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold2
Price Per Sq Ft$343

Ownership & Stock

Owner-Occupied100.0%
Renter-Occupied0.0%
Homeownership Rate100.0%
Total Housing Units156
Median Year Built1938
Rent Burden27.2%