What is the median home value in Mendham Township, NJ?
The median value of owner-occupied homes in Mendham Township, NJ is $1,070,400 (±$114,946), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Mendham Township, the median home value went from $847,400 in 2015–2019 to $1,070,400 in 2020–2024 (+26.3%).
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 .
- Median home value
- $1,070,400 (±$114,946)
- Owner-occupied homes
- 1,975 (±230)
- Most common range
- $1,000,000 or more
Home values in Mendham Township
| Value | Mendham Township | Morris County | New Jersey | United States |
|---|---|---|---|---|
| Less than $50,000 | 0.0% (±2.2 points) | 1.2% | 2.5% | 5.3% |
| $50,000 to $99,999 | 0.3% (±0.5 points) | 1.0% | 1.8% | 6.1% |
| $100,000 to $149,999 | 0.0% (±2.2 points) | 0.6% | 2.2% | 6.8% |
| $150,000 to $199,999 | 1.3% (±1.1 points) | 0.8% | 4.3% | 9.0% |
| $200,000 to $299,999 | 0.0% (±2.2 points) | 5.1% | 12.9% | 17.8% |
| $300,000 to $499,999 | 1.7% (±1.7 points) | 30.3% | 34.2% | 26.9% |
| $500,000 to $999,999 | 41.3% (±8.8 points) | 50.2% | 34.5% | 20.9% |
| $1,000,000 or more | 55.4% (±8.9 points) | 10.8% | 7.6% | 7.1% |
The most common range is $1,000,000 or more, 55.4% 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 Township against Morris County, its state and the nation
| Mendham Township | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median home value | $1,070,400 (±$114,946) | $582,500 (±$5,640) | $454,400 (±$1,150) | $332,700 |
| Owner-occupied homes | 1,975 (±230) | 143,562 (±1,613) | 2,239,128 (±10,678) | 84,210,142 |
In Mendham Township, 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 Township ranks 3 of 39 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 31 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Mendham Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $847,400 (±$54,924) | $1,070,400 (±$114,946) | +26.3% | 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 Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Mendham Township | — | $1,070,400 (±$114,946) | — |
| Mendham Borough | 2.8 mi | $819,800 (±$71,723) | Lower |
| Randolph Township | 2.8 mi | $670,700 (±$21,045) | Lower |
| Morris Township | 4.0 mi | $765,100 (±$29,841) | Lower |
| Morristown Town | 4.9 mi | $567,600 (±$35,322) | Lower |
| Bernardsville Borough | 5.0 mi | $793,800 (±$86,197) | Lower |
| Victory Gardens Borough | 5.4 mi | $250,600 (±$33,514) | Lower |
| Mine Hill Township | 5.6 mi | $434,100 (±$29,855) | Lower |
| Morris Plains Borough | 5.6 mi | $643,300 (±$26,749) | Lower |
Nearby places with a measurably lower figure: Mendham Borough, NJ ($819,800), Randolph Township, NJ ($670,700), Morris Township, NJ ($765,100).
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) |
Showing 9 of 39 places in Morris County, ranked from highest to lowest.
The figures for Mendham Township include the places inside it that have pages of their own: Brookside.
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 Township
What is the average home value in Mendham Township, NJ?
The Census Bureau publishes the median: $1,070,400 (±$114,946) for owner-occupied homes in Mendham Township (2020–2024 American Community Survey).
Have home values in Mendham Township gone up?
In Mendham Township, the median home value went from $847,400 in 2015–2019 to $1,070,400 in 2020–2024 (+26.3%).
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 Township 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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mendham township, Morris County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Mendham township, Morris County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Mendham township, Morris County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Mendham township, 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 Mendham township, Morris County, New Jersey (county subdivision:45360, 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.
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.
Figures last updated on .
Related
- Housing in Mendham Township at a glance
- Income and affordability in Mendham Township
- Homeowner costs in Mendham Township
- Property taxes in Mendham Township
- Types of homes in Mendham Township
- Age of homes in Mendham Township
- Heating fuel in Mendham Township
- Commute and cars in Mendham Township
- Crime reported to police in Mendham Township
- Population growth in Mendham Township
- How long people stay in Mendham Township
- New Jersey landlord and tenant rules
- Housing across Morris County
- New Jersey places ranked by median home value
- Housing data for every place in New Jersey