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Milltown, NJ
Full City Profile · New Jersey · Middlesex County County
3.7
/5.0
B+
Good
6,994
Population
4,512/sq mi density
$119,958
Median Income
$53,009 per capita
$423,000
Home Value
$597,544 Zillow
$1,500
Median Rent
38.2% income on rent
54°F
Avg Temperature
275 sunny days/yr
28
Violent Crime/100K
1,197 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$119,958 median income, 3.5% unemployment
A+
Affordability
4.7 / 5.0
$423,000 home value, $1,500/mo rent
F
Safety
1.0 / 5.0
28 violent crimes/100K
A
Education
4.5 / 5.0
43.2% bachelor's degree or higher
Housing Overview
Median Home Value
$423,000
50% above
US avg: $281,900
Median Rent
$1,500/mo
29% above
US avg: $1,163/mo
Homeownership Rate
76.0%
16% above US avg (65.4%)
Total Housing Units
2,586
Median year built: 1961
Home Value by Source
Census Median
$423,000
Zillow (ZHVI)
$597,544
Median Sale Price
$600,000
Median List Price
$650,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
76.0%
Owner-Occupied
24.0%
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:
$1,500/mo
Market Indicators (Redfin)
Median Days on Market
96 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
6.3%
of listings with price reduction
Price Per Sq Ft
$286
Active Inventory
16
homes for sale
Affordability & Housing Stock
Rent Burden
38.2%
of renters spending 30%+ of income on housing
23% above US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
76.0%
Complete Housing Data
Home Values
| Census Median Value | $423,000 |
| Zillow Home Value (ZHVI) | $597,544 |
| Median Sale Price | $600,000 |
| Median List Price | $650,000 |
| Price Per Sq Ft | $286 |
Rent
| Census Median Rent | $1,500 |
| 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 | 96 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 6.3% |
| Homes Sold | 3 |
| Active Inventory | 16 |
| Price Per Sq Ft | $286 |
Ownership & Stock
| Owner-Occupied | 76.0% |
| Renter-Occupied | 24.0% |
| Homeownership Rate | 76.0% |
| Total Housing Units | 2,586 |
| Median Year Built | 1961 |
| Rent Burden | 38.2% |