All Countries
Wharton, NJ
Full City Profile · New Jersey · Morris County County
3.3
/5.0
B
Good
7,254
Population
3,488/sq mi density
$92,548
Median Income
$47,966 per capita
$348,100
Home Value
$484,472 Zillow
$1,886
Median Rent
29.9% income on rent
53°F
Avg Temperature
275 sunny days/yr
156
Violent Crime/100K
888 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$92,548 median income, 2.4% unemployment
A+
Affordability
4.6 / 5.0
$348,100 home value, $1,886/mo rent
F
Safety
1.0 / 5.0
156 violent crimes/100K
B
Education
3.3 / 5.0
29.3% bachelor's degree or higher
Housing Overview
Median Home Value
$348,100
23% above
US avg: $281,900
Median Rent
$1,886/mo
62% above
US avg: $1,163/mo
Homeownership Rate
53.5%
18% below US avg (65.4%)
Total Housing Units
2,913
Median year built: 1966
Home Value by Source
Census Median
$348,100
Zillow (ZHVI)
$484,472
Median Sale Price
$611,000
Median List Price
$549,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
53.5%
Owner-Occupied
46.5%
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:
$1,886/mo
Market Indicators (Redfin)
Median Days on Market
26 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
40.0%
of listings with price reduction
Price Per Sq Ft
$338
Active Inventory
5
homes for sale
Affordability & Housing Stock
Rent Burden
29.9%
of renters spending 30%+ of income on housing
4% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
53.5%
Complete Housing Data
Home Values
| Census Median Value | $348,100 |
| Zillow Home Value (ZHVI) | $484,472 |
| Median Sale Price | $611,000 |
| Median List Price | $549,900 |
| Price Per Sq Ft | $338 |
Rent
| Census Median Rent | $1,886 |
| 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 | 26 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 40.0% |
| Homes Sold | 3 |
| Active Inventory | 5 |
| Price Per Sq Ft | $338 |
Ownership & Stock
| Owner-Occupied | 53.5% |
| Renter-Occupied | 46.5% |
| Homeownership Rate | 53.5% |
| Total Housing Units | 2,913 |
| Median Year Built | 1966 |
| Rent Burden | 29.9% |