Lower Berkshire Valley, NJ
Full City Profile · New Jersey · Morris County County
4.5
/5.0
A+
Excellent
532
Population
527/sq mi density
$99,957
Median Income
$61,394 per capita
$392,000
Home Value
$484,472 Zillow
51°F
Avg Temperature
A+
Overall
4.5 / 5.0
Strong
A
Economy
4.4 / 5.0
$99,957 median income, 5.7% unemployment
A
Affordability
4.5 / 5.0
$392,000 home value, /mo rent
A+
Education
4.6 / 5.0
45.6% bachelor's degree or higher
Housing Overview
Median Home Value
$392,000
39% above
US avg: $281,900
Homeownership Rate
91.2%
39% above US avg (65.4%)
Total Housing Units
223
Median year built: 1966
Home Value by Source
Census Median
$392,000
Zillow (ZHVI)
$484,472
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.2%
Owner-Occupied
8.8%
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
Affordability & Housing Stock
Rent Burden
27.2%
of renters spending 30%+ of income on housing
12% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
91.2%
Complete Housing Data
Home Values
| Census Median Value | $392,000 |
| Zillow Home Value (ZHVI) | $484,472 |
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
Ownership & Stock
| Owner-Occupied | 91.2% |
| Renter-Occupied | 8.8% |
| Homeownership Rate | 91.2% |
| Total Housing Units | 223 |
| Median Year Built | 1966 |
| Rent Burden | 27.2% |