Millburn, NJ—07041
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$1,199,000
5.3% YoY Growth
Household Income
$221,000
102.4% YoY Growth
Days on Market
52
32.0% Longer YoY
Home Price Forecast
2.3%
Median Rent
$3,950
11.4% YoY Growth
1-Bed Rent
$2,060
14.0% YoY Growth
2-Bed Rent
$3,000
6.8% YoY Growth
3-Bed Rent
$5,150
15.2% YoY Growth
Home Price Trends — Millburn, NJ
As of Dec '25, the median home price in Millburn, NJ is $1,199,000, with a year-over-year change of 5.3%. This indicates that home prices in Millburn, NJ are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,199,000 | 5.3% |
| Single Family | $1,250,000 | 5.8% |
| Condos | $402,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |