New Milford, NJ Housing

New Milford, NJ is an affluent area with a median housing value of $519,400, which is significantly higher than the national median house value of $338,100. Furthermore, over the past year New Milford has seen a 10.32% increase in its housing value compared to the US's 8.27%. This makes New Milford an attractive place for potential investors and homeowners alike as it offers greater potential for return on investment or appreciation of investments.

The median home cost in New Milford is $519,400. Home appreciation the last 10 years has been 52.1%. Home Appreciation in New Milford is up 9.0%.

Average Age of Homes

- The median age of New Milford real estate is 63 years old

The Rental Market in New Milford

- Renters make up 37.3% of the New Milford population
- 0.6% of houses and apartments in New Milford, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Milford, New Jersey	United States
	6,435.0	139,647,020.0
	67	42
	$519,400	$338,100
	9.0%	16.6%
	33.0%	57.0%
	52.1%	101.1%
	$21.84	$10.98
	$10,001	$2,690
	62.0%	57.4%
	4.2%	11.2%
	33.8%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.5%	0.4%
	0.2%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.0%	2.4%
	0.3%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.1%	11.3%
	1.2%	13.0%
	5.5%	20.1%
	23.1%	13.6%
	45.8%	8.3%
	20.8%	9.7%
	2.4%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.3%	13.6%
	1.3%	13.6%
	3.0%	13.6%
	5.1%	13.2%
	7.0%	14.8%
	3.0%	13.6%
	31.2%	10.0%
	23.2%	4.7%
	15.2%	12.2%