Is Florham Park Borough, NJ growing?
Florham Park Borough, NJ had an estimated 13,564 (±42) residents in 2020–2024, against 11,623 in 2015–2019.
That is a change of +16.7%, a measurable increase.
Its housing went from 4,285 to 5,058 homes (+18.0%), a measurable increase.
7.0% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 13,564 (±42)
- Amount of change
- +16.7%
- Homes change
- +18.0%
- Built 2020 or later
- 7.0%
Residents and homes in Florham Park Borough, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 11,623 (±22) | 13,564 (±42) | +16.7% | Measurable increase |
| Housing units | 4,285 (±226) | 5,058 (±297) | +18.0% | Measurable increase |
| Households that rent | 31.4% (±4.2 points) | 30.2% (±5.0 points) | −1.2 percentage points | Not a measurable change |
| Median gross rent | $2,441 (±$190) | $3,109 (±$364) | +27.4% | No measurable change after inflation |
| Median home value | $645,800 (±$30,363) | $791,400 (±$41,114) | +22.5% | 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.
Growth in Florham Park Borough against Morris County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Florham Park Borough | +16.7% | Measurable increase | +18.0% |
| Morris County | +4.3% | Measurable increase | +3.2% |
| New Jersey | +5.2% | Measurable increase | +4.8% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Florham Park Borough
| Year built | Florham Park Borough | Morris County | New Jersey | United States |
|---|---|---|---|---|
| 2020 or later | 7.0% (±1.8 points) | 0.9% | 1.1% | 2.0% |
| 2010 to 2019 | 20.2% (±5.1 points) | 5.2% | 6.2% | 9.4% |
| 2000 to 2009 | 5.9% (±2.4 points) | 7.5% | 9.2% | 13.6% |
27.2% of the homes in Florham Park Borough were built in 2010 or later.
The median age of residents is 40.9 years.
Growth in places near Florham Park Borough
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Florham Park Borough | — | 13,564 | +16.7% | Measurable increase |
| Madison Borough | 1.7 mi | 16,447 | +0.4% | Measurable increase |
| Chatham Borough | 2.5 mi | 9,407 | +6.7% | Measurable increase |
| East Hanover Township | 3.3 mi | 11,152 | +0.7% | Measurable increase |
| Livingston Township | 3.5 mi | 31,488 | +5.5% | Measurable increase |
| Hanover Township | 3.5 mi | 14,769 | +2.6% | Measurable increase |
| Chatham Township | 4.3 mi | 11,102 | +7.8% | Measurable increase |
| Short Hills | 4.3 mi | 14,923 | +11.1% | Measurable increase |
| Summit | 4.5 mi | 22,705 | +3.6% | Measurable increase |
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 Florham Park Borough
Is Florham Park Borough growing?
Florham Park Borough, NJ had an estimated 13,564 residents in 2020–2024 and 11,623 in 2015–2019, a change of +16.7%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Florham Park Borough?
The estimated number of housing units went from 4,285 in 2015–2019 to 5,058 in 2020–2024 (+18.0%), a measurable increase.
How much new construction is there in Florham Park Borough?
7.0% of homes in Florham Park Borough were built in 2020 or later and 20.2% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Florham Park borough, Morris County, New Jersey (county subdivision:23910, in state:34 county:027).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
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 .
Related
- Housing in Florham Park Borough at a glance
- Median rent in Florham Park Borough
- Rent by bedrooms in Florham Park Borough
- Rent burden in Florham Park Borough
- Renters and owners in Florham Park Borough
- Income and affordability in Florham Park Borough
- Home values in Florham Park Borough
- Homeowner costs in Florham Park Borough
- Property taxes in Florham Park Borough
- Types of homes in Florham Park Borough
- Bedrooms in Florham Park Borough
- Age of homes in Florham Park Borough
- Vacancy rate in Florham Park Borough
- Heating fuel in Florham Park Borough
- Commute and cars in Florham Park Borough
- Crime reported to police in Florham Park Borough
- How long people stay in Florham Park Borough
- Crowding and facilities in Florham Park Borough
- New Jersey landlord and tenant rules
- Housing across Morris County
- Housing data for every place in New Jersey