What is the median home value in New Milford Borough, NJ?

Name: Home values in New Milford 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 New Milford Borough, NJ is $580,400 (±$17,579), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In New Milford Borough, the median home value went from $426,800 in 2015–2019 to $580,400 in 2020–2024 (+36.0%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $580,400 (±$17,579)
Owner-occupied homes: 3,814 (±271)
Most common range: $500,000 to $999,999

Home values in New Milford Borough

Owner-occupied homes by value, 2020–2024
Value	New Milford Borough	Bergen County	New Jersey	United States
Less than $50,000	1.9% (±1.5 points)	1.9%	2.5%	5.3%
$50,000 to $99,999	0.8% (±1.0 points)	1.2%	1.8%	6.1%
$100,000 to $149,999	0.0% (±1.2 points)	0.8%	2.2%	6.8%
$150,000 to $199,999	0.3% (±0.4 points)	1.2%	4.3%	9.0%
$200,000 to $299,999	1.3% (±1.3 points)	3.7%	12.9%	17.8%
$300,000 to $499,999	27.2% (±5.4 points)	24.0%	34.2%	26.9%
$500,000 to $999,999	66.0% (±4.9 points)	53.3%	34.5%	20.9%
$1,000,000 or more	2.3% (±2.0 points)	14.0%	7.6%	7.1%

The most common range is $500,000 to $999,999, 66.0% 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.

New Milford Borough against Bergen County, its state and the nation

Estimate (90% margin of error)
	New Milford Borough	Bergen County	New Jersey	United States
Median home value	$580,400 (±$17,579)	$623,000 (±$4,306)	$454,400 (±$1,150)	$332,700
Owner-occupied homes	3,814 (±271)	232,025 (±2,535)	2,239,128 (±10,678)	84,210,142

In New Milford Borough, the median home value is lower than in Bergen County ($623,000).

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

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

In Bergen County, New Milford Borough ranks 44 of 69 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 167 of 561.

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

How home values in New Milford 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	$426,800 (±$10,212)	$580,400 (±$17,579)	+36.0%	Up after inflation
Median owner cost with a mortgage	$3,050 (±$122)	$3,335 (±$97)	+9.3%	Down 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 New Milford Borough

Nearest places with a published estimate, compared with New Milford Borough
Place	Distance	Median home value	Compared with this place
New Milford Borough	—	$580,400 (±$17,579)	—
River Edge Borough	1.1 mi	$660,300 (±$23,030)	Higher
Bergenfield Borough	1.4 mi	$491,500 (±$17,279)	Lower
Dumont Borough	1.6 mi	$497,400 (±$27,321)	Lower
Oradell Borough	1.7 mi	$737,800 (±$42,100)	Higher
Haworth Borough	2.3 mi	$845,300 (±$62,077)	Higher
Paramus Borough	2.8 mi	$813,900 (±$22,884)	Higher
Emerson Borough	2.8 mi	$645,200 (±$27,592)	Higher
Teaneck Township	3.1 mi	$546,100 (±$25,829)	Lower

Nearby places with a measurably lower figure: Bergenfield Borough, NJ ($491,500), Dumont Borough, NJ ($497,400), Teaneck Township, NJ ($546,100).

Nearby places with a measurably higher figure: River Edge Borough, NJ ($660,300), Oradell Borough, NJ ($737,800), Haworth Borough, NJ ($845,300).

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

Median home value across Bergen County, place by place

Rank	Place	Median home value
38	Rutherford Borough	$603,600 (±$25,619)
39	Carlstadt Borough	$595,400 (±$37,540)
40	Northvale Borough	$592,400 (±$46,709)
41	Oakland Borough	$591,300 (±$18,228)
42	Waldwick Borough	$588,500 (±$14,624)
43	Cliffside Park Borough	$588,200 (±$35,535)
44	New Milford Borough	$580,400 (±$17,579)
45	Wood-Ridge Borough	$566,200 (±$47,649)
46	Fair Lawn Borough	$564,700 (±$19,505)
47	Hasbrouck Heights Borough	$552,900 (±$36,374)
48	South Hackensack Township	$546,500 (±$72,282)
49	Teaneck Township	$546,100 (±$25,829)
50	Englewood	$544,100 (±$54,673)

Showing 13 of 69 places in Bergen 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 New Milford Borough

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

Own or manage a rental?

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

Create a landlord account · See what landlords get

Looking for a place to rent?

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

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

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

Join as a pro · Find a pro

Questions about New Milford Borough

What is the average home value in New Milford Borough, NJ?

The Census Bureau publishes the median: $580,400 (±$17,579) for owner-occupied homes in New Milford Borough (2020–2024 American Community Survey).

Have home values in New Milford Borough gone up?

In New Milford Borough, the median home value went from $426,800 in 2015–2019 to $580,400 in 2020–2024 (+36.0%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in New Milford 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 New Milford borough, Bergen County, New Jersey (county subdivision:51660, in state:34 county:003).

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.