What is the median home value in Millburn Township, NJ?

Name: Home values in Millburn Township, 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 Millburn Township, NJ is $1,371,500 (±$92,964), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Millburn Township, the median home value went from $1,130,100 in 2015–2019 to $1,371,500 in 2020–2024 (+21.4%).

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: $1,371,500 (±$92,964)
Owner-occupied homes: 5,816 (±256)
Most common range: $1,000,000 or more

Home values in Millburn Township

Owner-occupied homes by value, 2020–2024
Value	Millburn Township	Essex County	New Jersey	United States
Less than $50,000	0.2% (±0.3 points)	3.3%	2.5%	5.3%
$50,000 to $99,999	0.0% (±0.8 points)	0.9%	1.8%	6.1%
$100,000 to $149,999	1.1% (±0.9 points)	1.3%	2.2%	6.8%
$150,000 to $199,999	0.0% (±0.8 points)	2.0%	4.3%	9.0%
$200,000 to $299,999	0.3% (±0.4 points)	9.0%	12.9%	17.8%
$300,000 to $499,999	3.3% (±1.6 points)	31.0%	34.2%	26.9%
$500,000 to $999,999	17.8% (±3.0 points)	39.7%	34.5%	20.9%
$1,000,000 or more	77.3% (±3.2 points)	12.9%	7.6%	7.1%

The most common range is $1,000,000 or more, 77.3% 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.

Millburn Township against Essex County, its state and the nation

Estimate (90% margin of error)
	Millburn Township	Essex County	New Jersey	United States
Median home value	$1,371,500 (±$92,964)	$524,100 (±$11,118)	$454,400 (±$1,150)	$332,700
Owner-occupied homes	5,816 (±256)	143,579 (±2,304)	2,239,128 (±10,678)	84,210,142

In Millburn Township, the median home value is higher than in Essex County ($524,100).

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

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

In Essex County, Millburn Township ranks 1 of 22 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 16 of 561.

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

How home values in Millburn Township 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	$1,130,100 (±$30,398)	$1,371,500 (±$92,964)	+21.4%	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 Millburn Township

Nearest places with a published estimate, compared with Millburn Township
Place	Distance	Median home value	Compared with this place
Millburn Township	—	$1,371,500 (±$92,964)	—
Springfield	2.5 mi	$607,900 (±$27,505)	Lower
Vauxhall	2.6 mi	$360,000 (±$15,902)	Lower
Maplewood Township	2.7 mi	$720,700 (±$31,701)	Lower
Summit	2.9 mi	$994,500 (±$81,474)	Lower
Livingston Township	3.1 mi	$821,100 (±$25,265)	Lower
Springfield Township (Union County)	3.1 mi	$636,600 (±$20,339)	Lower
South Orange Village	3.2 mi	$866,600 (±$31,776)	Lower
Chatham Borough	3.3 mi	$984,900 (±$44,602)	Lower

Nearby places with a measurably lower figure: Springfield, NJ ($607,900), Vauxhall, NJ ($360,000), Maplewood Township, NJ ($720,700).

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

Median home value across Essex County, place by place

Rank	Place	Median home value
1	Millburn Township	$1,371,500 (±$92,964)
2	Essex Fells Borough	$1,083,000 (±$91,196)
3	Montclair Township	$906,400 (±$24,685)
4	North Caldwell Borough	$904,500 (±$55,357)
5	South Orange Village	$866,600 (±$31,776)
6	Glen Ridge Borough	$836,600 (±$54,823)
7	Livingston Township	$821,100 (±$25,265)

Showing 7 of 22 places in Essex County, ranked from highest to lowest.

The figures for Millburn Township include the places inside it that have pages of their own: Short Hills.

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 Millburn Township

What is the average home value in Millburn Township, NJ?

The Census Bureau publishes the median: $1,371,500 (±$92,964) for owner-occupied homes in Millburn Township (2020–2024 American Community Survey).

Have home values in Millburn Township gone up?

In Millburn Township, the median home value went from $1,130,100 in 2015–2019 to $1,371,500 in 2020–2024 (+21.4%).

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 Millburn 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

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 Millburn township, Essex County, New Jersey (county subdivision:46380, in state:34 county:013).

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.