What is the median home value in Mendham Borough, NJ?

Name: Home values in Mendham Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Mendham Borough, NJ is $819,800 (±$71,723), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Mendham Borough, the median home value went from $662,300 in 2015–2019 to $819,800 in 2020–2024 (+23.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $819,800 (±$71,723)
Owner-occupied homes: 1,548 (±94)
Most common range: $500,000 to $999,999

Home values in Mendham Borough

Owner-occupied homes by value, 2020–2024
Value	Mendham Borough	Morris County	New Jersey	United States
Less than $50,000	0.0% (±2.9 points)	1.2%	2.5%	5.3%
$50,000 to $99,999	0.0% (±2.9 points)	1.0%	1.8%	6.1%
$100,000 to $149,999	0.0% (±2.9 points)	0.6%	2.2%	6.8%
$150,000 to $199,999	0.0% (±2.9 points)	0.8%	4.3%	9.0%
$200,000 to $299,999	1.7% (±1.4 points)	5.1%	12.9%	17.8%
$300,000 to $499,999	8.9% (±3.5 points)	30.3%	34.2%	26.9%
$500,000 to $999,999	57.0% (±7.3 points)	50.2%	34.5%	20.9%
$1,000,000 or more	32.5% (±7.4 points)	10.8%	7.6%	7.1%

The most common range is $500,000 to $999,999, 57.0% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Mendham Borough against Morris County, its state and the nation

Estimate (90% margin of error)
	Mendham Borough	Morris County	New Jersey	United States
Median home value	$819,800 (±$71,723)	$582,500 (±$5,640)	$454,400 (±$1,150)	$332,700
Owner-occupied homes	1,548 (±94)	143,562 (±1,613)	2,239,128 (±10,678)	84,210,142

In Mendham Borough, the median home value is higher than in Morris County ($582,500).

It is also higher than in New Jersey ($454,400).

It is higher than the national figure ($332,700).

In Morris County, Mendham Borough ranks 7 of 39 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 75 of 561.

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

How home values in Mendham Borough have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$662,300 (±$28,217)	$819,800 (±$71,723)	+23.8%	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.

Median home value in places near Mendham Borough

Nearest places with a published estimate, compared with Mendham Borough
Place	Distance	Median home value	Compared with this place
Mendham Borough	—	$819,800 (±$71,723)	—
Bernardsville Borough	2.6 mi	$793,800 (±$86,197)	Not measurably different
Brookside	2.6 mi	$885,100 (±$35,186)	Not measurably different
Mendham Township	2.8 mi	$1,070,400 (±$114,946)	Higher
Peapack and Gladstone Borough	4.6 mi	$868,800 (±$51,688)	Not measurably different
Chester Township	4.7 mi	$790,900 (±$69,311)	Not measurably different
Basking Ridge	4.7 mi	$851,200 (±$32,792)	Not measurably different
Chester Borough	5.1 mi	$659,800 (±$24,323)	Lower
Randolph Township	5.2 mi	$670,700 (±$21,045)	Lower

Nearby places with a measurably lower figure: Chester Borough, NJ ($659,800), Randolph Township, NJ ($670,700).

Nearby places with a measurably higher figure: Mendham Township, NJ ($1,070,400).

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

Median home value across Morris County, place by place

Rank	Place	Median home value
1	Harding Township	$1,145,100 (±$139,732)
2	Chatham Township	$1,072,600 (±$105,097)
3	Mendham Township	$1,070,400 (±$114,946)
4	Chatham Borough	$984,900 (±$44,602)
5	Madison Borough	$943,200 (±$43,310)
6	Mountain Lakes Borough	$917,000 (±$70,958)
7	Mendham Borough	$819,800 (±$71,723)
8	Florham Park Borough	$791,400 (±$41,114)
9	Chester Township	$790,900 (±$69,311)
10	Morris Township	$765,100 (±$29,841)
11	Boonton Township	$720,800 (±$64,381)
12	Kinnelon Borough	$706,400 (±$41,502)
13	East Hanover Township	$702,800 (±$27,974)

Showing 13 of 39 places in Morris 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.

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Questions about Mendham Borough

What is the average home value in Mendham Borough, NJ?

The Census Bureau publishes the median: $819,800 (±$71,723) for owner-occupied homes in Mendham Borough (2020–2024 American Community Survey).

Have home values in Mendham Borough gone up?

In Mendham Borough, the median home value went from $662,300 in 2015–2019 to $819,800 in 2020–2024 (+23.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Mendham Borough sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

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) for Mendham borough, Morris County, New Jersey (county subdivision:45330, 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 B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.