Far Hills, NJ—07931
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Far Hills, NJ
Home Price Trends — Far Hills, NJ
As of Oct '25, the median home price in Far Hills, NJ is $1,427,000, with a year-over-year change of 0.5%. This indicates that home prices in Far Hills, NJ are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,427,000 | 0.5% |
| Single Family | $1,494,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | $1,339,000 | 3.8% |
| 5 Bed | $2,214,000 | 4.2% |
% of Housing Stock
Rental Trends — Far Hills, NJ
Far Hills, NJ lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Far Hills, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Far Hills, NJ is 74. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,430,000 | 65.0% |
Listing Count | 25 | -33.0% |
| Listings as % of Homes | 1.4% | -33.0% |
Days on Market | 74 | 12.0% |
Demographics — Far Hills, NJ
As of the latest ACS Survey released in 2023, Far Hills, NJ has a population of 3,270, which has increased by 3.1% over the past 5 years. Far Hills, NJ is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 68.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,270 | 3.1% |
% Under 18 | 20.2% | -21.1% |
% Seniors | 22.7% | 48.4% |
% WFH | 30.0% | 158.6% |
% w/ College Degree | 68.7% | 4.4% |
As of the latest ACS Survey released in 2023, Far Hills, NJ is a predominantly white area, with 78.1% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Far Hills, NJ is hispanic, making up 15.5% of the population. Foreign-born residents account for 12.3% of the population in Far Hills, NJ, and this percentage has increased by 33.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.1% | -10.4% |
% Black | 1.0% | -70.6% |
% Hispanic | 15.5% | 229.8% |
% Asian | 4.5% | 28.6% |
% Foreign Born | 12.3% | 33.7% |
Mortgage and Risk — Far Hills, NJ
According to HUD data as of 2023, there were 11 mortgage originations in Far Hills, NJ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Far Hills, NJ. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 11 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Far Hills, NJ
Far Hills, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,070 |
| 2 Bedroom | N/A | N/A | $2,570 |
| 3 Bedroom | N/A | N/A | $3,140 |
| 4 Bedroom | N/A | N/A | $3,490 |
Affordability — Far Hills, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $1,427,000 |
| Median Household Income | $159,000 |