Housing data for Far Hills Borough, NJ
Far Hills Borough, NJ has an estimated 948 residents and 452 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a borough in Somerset County.
12.9% of households rent.
The median gross rent is $1,554 a month.
Figures last updated on .
- Residents
- 948 (±145)
- Housing units
- 452 (±56)
- Households that rent
- 12.9%
- Median gross rent
- $1,554
- Residents since 2015–2019
- +10.2%
What stands out in Far Hills Borough
Homes heated by fuel oil: 26.7% (±6.6 points) in Far Hills Borough, higher than in Somerset County (4.3%).
Homes in buildings of 5 or more units: 4.9% (±2.4 points) in Far Hills Borough, lower than in Somerset County (17.8%).
Median home value: $792,100 (±$91,658) in Far Hills Borough, higher than in Somerset County ($552,100).
Households that rent: 12.9% (±5.3 points) in Far Hills Borough, lower than in Somerset County (25.7%).
- Heating fuel in Far Hills Borough
- Types of homes in Far Hills Borough
- Home values in Far Hills Borough
- Renters and owners in Far Hills Borough
Housing in Far Hills Borough at a glance
- Median rent: $1,554 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $2,650 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 51.0% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 12.9% of households rent
- Income and affordability: $143,250 median household income
- Home values: $792,100 median home value
- Homeowner costs: $3,777 median monthly cost with a mortgage
- Property taxes: $9,544 median real estate taxes a year
- Types of homes: 4.9% of homes are in buildings of 5 or more units
- Bedrooms: 65.4% of homes have 3 or more bedrooms
- Age of homes: 35.9% of homes were built before 1980
- Vacancy rate: 5.2% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 60.2% heat with utility gas
- Commute and cars: 32.5 minutes average trip to work
- Growth: +10.2% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 20.4% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Far Hills Borough against Somerset County, its state and the nation
| Far Hills Borough | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Residents | 948 (±145) | 349,846 (exact) | 9,343,809 (exact) | 334,922,499 |
| Housing units | 452 (±56) | 133,639 (±156) | 3,791,354 (±469) | 143,775,355 |
| Households that rent | 12.9% (±5.3 points) | 25.7% (±0.9 points) | 36.2% (±0.2 points) | 34.8% |
| Median gross rent | $1,554 (±$298) | $2,033 (±$52) | $1,720 (±$7) | $1,413 |
| Median household income | $143,250 (±$38,289) | $140,374 (±$3,294) | $103,556 (±$513) | $80,734 |
| Median home value | $792,100 (±$91,658) | $552,100 (±$7,374) | $454,400 (±$1,150) | $332,700 |
| Median real estate taxes (a year) | $9,544 (±$597) | $10,000 or more | $9,590 (±$25) | $3,119 |
| Built before 1980 | 35.9% (±8.4 points) | 46.3% (±1.3 points) | 62.8% (±0.3 points) | 49.7% |
| Average commute | 32.5 minutes (±5.6) | 31.4 minutes (±0.7) | 30.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 92.0% (±6.3 points) | 95.8% (±0.5 points) | 92.8% (±0.1 points) | 91.0% |
| Median age of residents | 50.3 years (±4.1) | 41.8 years (±0.2) | 40.1 years (±0.1) | 38.9 years |
Far Hills Borough covers 4.8 square miles of land, about 196 residents per square mile (Census Bureau Gazetteer).
How Far Hills Borough has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 860 (±67) | 948 (±145) | +10.2% | Not a measurable change |
| Housing units | 359 (±27) | 452 (±56) | +25.9% | Measurable increase |
| Median gross rent | $2,167 (±$769) | $1,554 (±$298) | −28.3% | Down after inflation |
| Median home value | $789,100 (±$86,197) | $792,100 (±$91,658) | +0.4% | Down after inflation |
| Median household income | $127,639 (±$9,437) | $143,250 (±$38,289) | +12.2% | No measurable change after inflation |
| Median owner cost with a mortgage | $3,263 (±$468) | $3,777 (±$259) | +15.8% | No measurable change after inflation |
| Median real estate taxes | $9,568 (±$842) | $9,544 (±$597) | −0.3% | Down after inflation |
| Households that rent | 25.2% (±5.4 points) | 12.9% (±5.3 points) | −12.3 percentage points | Measurable decrease |
| Rental vacancy rate | 0.0% (±33.2 points) | 5.2% (±6.7 points) | +5.2 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Somerset County
Far Hills Borough has no police department of its own in the FBI’s figures, so this is the figure for Somerset County as a whole.
In 2025, the police departments that report for Somerset County recorded 60 violent and 566 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Far Hills Borough
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 07931 | 22% | 2,985 | $3,500 or more | $1,165,700 | $201,078 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Far Hills Borough
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Bedminster | 2.3 mi | $2,795 | $742,200 | 27.7% |
| Peapack and Gladstone Borough | 2.4 mi | $1,820 | $868,800 | 20.4% |
| The Hills | 2.6 mi | $2,376 | $577,000 | 17.0% |
| Liberty Corner | 2.8 mi | $3,500 or more | $1,187,500 | 31.7% |
| Bernards Township | 3.0 mi | $2,476 | $814,800 | 16.9% |
| Bernardsville Borough | 3.1 mi | $2,297 | $793,800 | 5.4% |
| Basking Ridge | 3.5 mi | $546 | $851,200 | 16.1% |
| Bedminster Township | 3.6 mi | $2,294 | $448,500 | 21.1% |
Places in New Jersey most like Far Hills Borough
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Raritan Township | $1,615 | $564,300 | $165,174 | 10.0% |
| Dover Beaches South | $1,489 | $753,400 | $144,844 | 7.5% |
| Beach Haven West | $1,702 | $641,700 | $119,394 | 2.9% |
| Cranbury Township | $1,603 | $889,400 | $216,691 | 14.5% |
| Medford Township | $1,589 | $514,800 | $157,969 | 11.8% |
| Readington Township | $1,813 | $549,100 | $157,625 | 11.5% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across New Jersey.
HUD Fair Market Rent for Far Hills Borough, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,953 | $2,103 | $2,623 | $3,125 | $3,508 |
HUD income limits for Far Hills Borough, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $32,550 | $54,200 | $80,200 |
| 2 people | $37,200 | $61,950 | $91,700 |
| 3 people | $41,850 | $69,700 | $103,150 |
| 4 people | $46,450 | $77,400 | $114,600 |
| 5 people | $50,200 | $83,600 | $123,800 |
| 6 people | $53,900 | $89,800 | $132,950 |
| 7 people | $57,600 | $96,000 | $142,150 |
| 8 people | $61,350 | $102,200 | $151,300 |
These are the limits HUD sets for its housing programs in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $154,800.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Far Hills Borough
How many renters are there in Far Hills Borough?
Far Hills Borough has an estimated 55 (±24) renting households, 12.9% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Far Hills Borough?
The median household income in Far Hills Borough is $143,250 (±$38,289) a year (2020–2024 American Community Survey).
What is the average home value in Far Hills Borough, NJ?
The Census Bureau publishes the median: $792,100 (±$91,658) for owner-occupied homes in Far Hills Borough (2020–2024 American Community Survey).
What is the average mortgage payment in Far Hills Borough?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Far Hills Borough, NJ is $3,777 (±$259) a month, including taxes, insurance and utilities.
How much are property taxes in Far Hills Borough?
The median real estate tax paid by homeowners in Far Hills Borough, NJ is $9,544 (±$597) a year (2020–2024 American Community Survey).
How many homes are in Far Hills Borough?
Far Hills Borough, NJ has an estimated 452 (±56) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Far Hills Borough growing?
In Far Hills Borough, the number of residents went from 860 in 2015–2019 to 948 in 2020–2024 (+10.2%), not a measurable change.
What ZIP codes are in Far Hills Borough?
The ZIP code that covers Far Hills Borough is 07931.
What is the median rent in ZIP code 07931?
The median gross rent in ZIP Code Tabulation Area 07931 is $3,500 or more a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Far Hills borough, Somerset County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Far Hills borough, Somerset County, New Jersey
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Far Hills borough, Somerset County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Far Hills borough, Somerset County, New Jersey
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Far Hills borough, Somerset County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Far Hills borough, Somerset County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Far Hills borough, Somerset County, New Jersey
- HUD Fair Market Rents, fiscal year 2027: Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Far Hills borough, Somerset County, New Jersey (county subdivision:22890, in state:34 county:035).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .