Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Millburn area can be challenging. Home prices in Millburn are now at a median cost of $796,149, higher than the New Jersey average of $388,929.
The average cost of rent is $2,007/mo in Millburn, primarily driven by the current value of real estate in the Millburn area. While nearly 42.36% of residents own their homes outright in Millburn, 29.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Millburn is $15,840 per month. Households that rent pay about 12.67% of their income on rent here. Millburn's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Vauxhall, NJ: less expensive homes
- Short Hills, NJ: higher priced homes
- Maplewood, NJ: less expensive homes
- Springfield, NJ: less expensive homes
- Union, NJ: less expensive homes
- South Orange, NJ: less expensive homes
- Kenilworth, NJ: less expensive homes
- Summit, NJ: higher priced homes
- Irvington, NJ: less expensive homes
- Hillside, NJ: less expensive homes
Cities with Similar Populations
- Rhinebeck, NY: less expensive homes
- Middleborough Center, MA: less expensive homes
- Monticello, GA: less expensive homes
- Montrose, VA: less expensive homes
- Portola Valley, CA: higher priced homes
- Quinton, VA: less expensive homes
- Quitman, GA: less expensive homes
- Raiford, FL: less expensive homes
- Rainsville, AL: less expensive homes
- Ranchos de Taos, NM: less expensive homes
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