Zip 07931 (Far Hills, NJ) Housing

Housing in 07931 Far Hills, NJ is quite expensive compared to the national average. The median house value is $1,049,900 which is more than three times the national median of $338,100. The area has seen an appreciation of 6.48% within the last year which is slightly lower than the national appreciation rate of 8.27%. Despite this slight dip in housing growth, 07931 Far Hills continues to be an attractive location for those looking to invest in real estate due to its high median value and potential for continued growth.

The median home cost in Far Hills (zip 07931) is $1,049,900. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Far Hills (zip 07931) is up 12.1%.

Average Age of Homes

- The median age of Far Hills (zip 07931) real estate is 50 years old

The Rental Market in Far Hills (zip 07931)

- Renters make up 17.1% of the Far Hills (zip 07931) population
- 3.6% of houses and apartments in Far Hills (zip 07931), 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	Far Hills, New Jersey	United States
	1,350.0	139,647,020.0
	51	42
	$1,049,900	$338,100
	12.1%	16.6%
	29.3%	57.0%
	44.3%	101.1%
	$22.01	$10.98
	$10,001	$2,690
	76.1%	57.4%
	12.2%	11.2%
	11.7%	31.4%
Vacant Housing
	3.6%	1.9%
	0.0%	0.4%
	7.3%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	0.6%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	2.8%	4.5%
	1.9%	11.3%
	0.6%	13.0%
	0.6%	20.1%
	3.5%	13.6%
	5.8%	8.3%
	25.6%	9.7%
	9.8%	3.9%
	18.2%	2.2%
	13.9%	0.8%
	15.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.8%	13.6%
	6.8%	13.6%
	25.8%	13.6%
	8.5%	13.2%
	8.2%	14.8%
	25.8%	13.6%
	10.6%	10.0%
	4.2%	4.7%
	27.3%	12.2%

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