Housing & Real Estate — New Milford, New Jersey
Overview
| Total Housing Units | 6,428 |
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| Occupied | 6,157 |
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| Vacant | 271 |
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| Owner-Occupied | 3,860 |
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| Renter-Occupied | 2,297 |
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| Median Home Value (Census) | $580,400 |
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| Estimated 2026 | ~$644,000 |
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| Median Rent | $1,722/mo |
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| Median Property Tax | $10,001/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | expensive |
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| Rent as % of Income | 18.0% |
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| Severely Rent-Burdened | 41.2% |
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Housing Age
| Built 2010 or later | 191 |
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| Built 2000-2009 | 116 |
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| Built 1990-1999 | 88 |
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| Built before 1960 | 4,357 |
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| Median Year Built | 1954 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
