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New Milford, NJ
Full City Profile · New Jersey · Bergen County County
3.9
/5.0
B+
Good
16,882
Population
7,404/sq mi density
$113,513
Median Income
$51,201 per capita
$554,800
Home Value
$709,435 Zillow
$1,722
Median Rent
29.5% income on rent
55°F
Avg Temperature
275 sunny days/yr
6
Violent Crime/100K
388 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$113,513 median income, 4.5% unemployment
B+
Affordability
3.9 / 5.0
$554,800 home value, $1,722/mo rent
C
Safety
2.4 / 5.0
6 violent crimes/100K
A+
Education
4.8 / 5.0
48.0% bachelor's degree or higher
Housing Overview
Median Home Value
$554,800
97% above
US avg: $281,900
Median Rent
$1,722/mo
48% above
US avg: $1,163/mo
Homeownership Rate
62.7%
4% below US avg (65.4%)
Total Housing Units
6,360
Median year built: 1954
Home Value by Source
Census Median
$554,800
Zillow (ZHVI)
$709,435
Median Sale Price
$550,000
Median List Price
$599,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
62.7%
Owner-Occupied
37.3%
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:
$1,722/mo
Market Indicators (Redfin)
Median Days on Market
72 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
13
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$278
Active Inventory
31
homes for sale
Affordability & Housing Stock
Rent Burden
29.5%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1954
Average age of housing stock: 72 years
Homeownership Rate
62.7%
Complete Housing Data
Home Values
| Census Median Value | $554,800 |
| Zillow Home Value (ZHVI) | $709,435 |
| Median Sale Price | $550,000 |
| Median List Price | $599,000 |
| Price Per Sq Ft | $278 |
Rent
| Census Median Rent | $1,722 |
| 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 | 72 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 13 |
| Active Inventory | 31 |
| Price Per Sq Ft | $278 |
Ownership & Stock
| Owner-Occupied | 62.7% |
| Renter-Occupied | 37.3% |
| Homeownership Rate | 62.7% |
| Total Housing Units | 6,360 |
| Median Year Built | 1954 |
| Rent Burden | 29.5% |