What percentage of people rent in Far Hills Borough, NJ?

Name: Renters and owners in Far Hills Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

12.9% (±5.3 points) of the occupied homes in Far Hills Borough, NJ are rented (2020–2024 American Community Survey).

That is 55 renting households against 372 that own their home.

In Far Hills Borough, the share of households that rent went from 25.2% in 2015–2019 to 12.9% in 2020–2024 (−12.3 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 12.9% (±5.3 points)
Renting households: 55 (±24)

Who rents and who owns in Far Hills Borough

Tenure, estimate (90% margin of error)
	Far Hills Borough	Somerset County	New Jersey	United States
Renter-occupied share	12.9% (±5.3 points)	25.7% (±0.9 points)	36.2% (±0.2 points)	34.8%
Renting households	55 (±24)	33,615 (±1,269)	1,268,573 (±8,082)	45,017,354
Owning households	372 (±47)	97,187 (±1,176)	2,239,128 (±10,678)	84,210,142
Average renter household size	2.3 (±0.5)	2.4 (±0.1)	2.4 (±0.0)	2.3
Average owner household size	2.2 (±0.3)	2.8 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	—	$82,470 (±$5,113)	$62,674 (±$718)	$52,966
Median owner household income	$147,500 (±$47,470)	$170,007 (±$3,672)	$133,477 (±$624)	$100,009

In Far Hills Borough, the renter share is lower than in Somerset County (25.7%).

It is also lower than in New Jersey (36.2%).

It is lower than the national figure (34.8%).

In Somerset County, Far Hills Borough ranks 17 of 21 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 403 of 564.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Far Hills Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	25.2% (±5.4 points)	12.9% (±5.3 points)	−12.3 percentage points	Measurable decrease
Median gross rent	$2,167 (±$769)	$1,554 (±$298)	−28.3%	Down after inflation
Median household income	$127,639 (±$9,437)	$143,250 (±$38,289)	+12.2%	No measurable change after inflation

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.

Households that rent in places near Far Hills Borough

Nearest places with a published estimate, compared with Far Hills Borough
Place	Distance	Households that rent	Compared with this place
Far Hills Borough	—	12.9% (±5.3 points)	—
Bedminster	2.3 mi	27.7% (±10.7 points)	Higher
Peapack and Gladstone Borough	2.4 mi	20.4% (±11.9 points)	Not measurably different
The Hills	2.6 mi	17.0% (±3.4 points)	Not measurably different
Liberty Corner	2.8 mi	31.7% (±12.1 points)	Higher
Bernards Township	3.0 mi	16.9% (±2.5 points)	Not measurably different
Bernardsville Borough	3.1 mi	5.4% (±3.2 points)	Lower
Basking Ridge	3.5 mi	16.1% (±4.7 points)	Not measurably different
Bedminster Township	3.6 mi	21.1% (±3.9 points)	Higher

Nearby places with a measurably lower figure: Bernardsville Borough, NJ (5.4%).

Nearby places with a measurably higher figure: Bedminster, NJ (27.7%), Liberty Corner, NJ (31.7%), Bedminster Township, NJ (21.1%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Somerset County, place by place

Rank	Place	Households that rent
11	Peapack and Gladstone Borough	20.4% (±11.9 points)
12	Bernards Township	16.9% (±2.5 points)
13	Branchburg Township	16.8% (±3.9 points)
14	Watchung Borough	15.9% (±6.7 points)
15	Montgomery Township	15.4% (±2.8 points)
16	Bridgewater Township	15.1% (±2.1 points)
17	Far Hills Borough	12.9% (±5.3 points)
18	Warren Township	11.8% (±6.2 points)
19	Millstone Borough	10.1% (±5.4 points)
20	Green Brook Township	6.8% (±4.8 points)
21	Bernardsville Borough	5.4% (±3.2 points)

Showing 11 of 21 places in Somerset County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Far Hills Borough

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Far Hills Borough, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Far Hills Borough beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Far Hills Borough, and send estimates and invoices from your phone.

Join as a pro · Find a pro

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).

Is renting growing in Far Hills Borough?

In Far Hills Borough, the share of households that rent went from 25.2% in 2015–2019 to 12.9% in 2020–2024 (−12.3 percentage points), a measurable decrease.

How big are renting households in Far Hills Borough?

A renting household in Far Hills Borough has 2.3 people on average, against 2.2 in an owned home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.