Far Hills, NJ—07934
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 $989,000, with a year-over-year change of 3.8%. This indicates that home prices in Far Hills, NJ are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $989,000 | 3.8% |
| Single Family | $995,000 | 3.6% |
| 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 | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Far Hills, NJ
As of July '25, Rentcast reports the average rent in Far Hills, NJ is $2,740, with a year-over-year rent change of -43.4%. Per bedroom, the median rent as of July '25 in Far Hills, NJ is 2-bedrooms: $2,770, 3-bedrooms: $2,650. The most common rental property sizes in Far Hills, NJ are 3-bedroom and 2-bedroom, accounting for 51.1% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,820 | $2,770 |
| 3 Bed Rent | $2,650 | $2,650 |
| 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 37. This is a decrease of -32.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $533,000 | -46.0% |
Listing Count | 6 | -12.0% |
| Listings as % of Homes | 0.8% | -12.0% |
Days on Market | 37 | -32.0% |
Demographics — Far Hills, NJ
As of the latest ACS Survey released in 2023, Far Hills, NJ has a population of 1,410, which has decreased by -12.3% over the past 5 years. Far Hills, NJ is a moderately popular place for families, as children make up 17.6% of the population. The area has a highly educated workforce, with 75.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,410 | -12.3% |
% Under 18 | 17.6% | -38.9% |
% Seniors | 23.8% | 41.7% |
% WFH | 20.3% | 141.7% |
% w/ College Degree | 75.2% | 29.0% |
As of the latest ACS Survey released in 2023, Far Hills, NJ is a predominantly white area, with 86.8% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Far Hills, NJ is asian, making up 5.4% of the population. Foreign-born residents account for 20.4% of the population in Far Hills, NJ, and this percentage has increased by 142.9% 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 | 86.8% | -5.0% |
% Black | 2.2% | ∞% |
% Hispanic | 4.1% | -37.9% |
% Asian | 5.4% | 800.0% |
% Foreign Born | 20.4% | 142.9% |
Mortgage and Risk — Far Hills, NJ
According to HUD data as of 2023, there were 36 mortgage originations in Far Hills, NJ, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 8.0% 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. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 36 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 3.0% |
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 | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,820 |
| 2 Bedroom | -$540 | $2,820 | $2,280 |
| 3 Bedroom | $110 | $2,650 | $2,760 |
| 4 Bedroom | N/A | N/A | $3,040 |
Affordability — Far Hills, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $989,000 |
| Median Household Income | $228,000 |