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New Vernon, NJ
Full City Profile · New Jersey · Morris County County
3.0
/5.0
B
Good
791
Population
223/sq mi density
$1,606,500
Home Value
$862,203 Zillow
$3,205
Median Rent
51.0% income on rent
53°F
Avg Temperature
271 sunny days/yr
231
Violent Crime/100K
1,820 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
F
Safety
1.0 / 5.0
231 violent crimes/100K
A+
Education
5.0 / 5.0
75.0% bachelor's degree or higher
Housing Overview
Median Home Value
$1,606,500
470% above
US avg: $281,900
Median Rent
$3,205/mo
176% above
US avg: $1,163/mo
Homeownership Rate
59.7%
9% below US avg (65.4%)
Total Housing Units
355
Median year built: 1948
Home Value by Source
Census Median
$1,606,500
Zillow (ZHVI)
$862,203
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
59.7%
Owner-Occupied
40.3%
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:
$3,205/mo
Affordability & Housing Stock
Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1948
Average age of housing stock: 78 years
Homeownership Rate
59.7%
Complete Housing Data
Home Values
| Census Median Value | $1,606,500 |
| Zillow Home Value (ZHVI) | $862,203 |
Rent
| Census Median Rent | $3,205 |
| 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 | 59.7% |
| Renter-Occupied | 40.3% |
| Homeownership Rate | 59.7% |
| Total Housing Units | 355 |
| Median Year Built | 1948 |
| Rent Burden | 51.0% |