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2024 Compare Cities Housing:
New Milford, NJ vs Paramus, NJ

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Highlights
- The median age of a home in New Milford is 10.4% older than the median age of a home in Paramus.

Housing
 New Milford, NJParamus, NJUnited States
 Median Home Age676042
 Median Home Cost$519,400$755,900$338,100
 Home Appr. Last 12 months9.0%9.0%16.6%
 Home Appr. Last 5 yrs.33.0%33.0%57.0%
 Home Appr. Last 10 yrs.52.1%52.1%101.1%
 Property Tax Rate$21.8$21.8$11.0
 Homes Owned62.0%76.6%57.4%
 Housing Vacant4.2%6.0%11.2%
 Homes Rented33.8%17.5%31.4%
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 Avg Rent For Home Or Apartment
 New Milford, NJParamus, NJUnited States
 Average Rent$2,190$3,350$1,840
 Studio Apartment$1,290$1,970$1,080
 1 Bedroom Home or Apartment$1,540$2,360$1,180
 2 Bedroom Home or Apartment$1,790$2,740$1,430
 3 Bedroom Home or Apartment$2,220$3,400$1,860
 4 Bedroom Home or Apartment$2,790$4,270$2,160
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 Vacant Housing
 New Milford, NJParamus, NJUnited States
 Vacant For Rent0.6%0.8%1.9%
 Vacant Rented0.0%0.0%0.4%
 Vacant For Sale0.5%0.3%0.7%
 Vacant Sold0.5%1.0%0.4%
 Vacant Vacation0.2%0.2%3.6%
 Vacant Other2.5%3.7%4.1%
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 Owner-Occupied Housing Value
 New Milford, NJParamus, NJUnited States
 Less Than $20,0000.6%0.5%2.6%
 $20,000 to $39,9990.0%0.0%2.4%
 $40,000 to $59,9990.3%1.2%2.8%
 $60,000 to $79,9990.0%0.1%3.9%
 $80,000 to $99,9990.0%0.2%4.5%
 $100,000 to $149,9990.1%0.5%11.3%
 $150,000 to $199,9991.2%0.1%13.0%
 $200,000 to $299,9995.5%2.4%20.1%
 $300,000 to $399,99923.1%8.5%13.6%
 $400,000 to $499,99945.8%11.0%8.3%
 $500,000 to $749,99920.8%51.4%9.7%
 $750,000 to $999,9992.4%14.2%3.9%
 $1,000,000 to $1,499,9990.3%8.7%2.2%
 $1,500,000 to $1,999,9990.0%0.5%0.8%
 $2,000,000 and over0.0%0.7%1.1%
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 Housing Units By Year Built
 New Milford, NJParamus, NJUnited States
 2015 and Newer0.0%0.1%0.2%
 2010 to 20141.3%9.0%13.6%
 2000 to 20091.3%9.0%13.6%
 1990 to 19993.0%8.6%13.6%
 1980 to 19895.1%5.1%13.2%
 1970 to 19797.0%9.7%14.8%
 1960 to 19693.0%8.6%13.6%
 1950 to 195931.2%34.7%10.0%
 1940 to 194923.2%9.0%4.7%
 1939 or Earlier15.2%5.6%12.2%

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Reviews for New Milford    1 Reviews

Over 16 years ago

Diverse, quiet town, but expensive to live, as Bergen County or NJ for that matter  More

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Reviews for Paramus    2 Reviews

Over 15 years ago

My siblings and I are products of the Paramus Public School system and I am an attorney, my sister is a doctor and my brother is finishing his MBA. Many of my high  More

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Over 17 years ago

I have lived here most of my life and it is a fabulous place to live. Community oriented - great schools and great  More

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ZIPS IN NEW MILFORD, NEW JERSEY
07646
ZIPS IN PARAMUS, NEW JERSEY
07652

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