Milmay, NJ—08340
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milmay, NJ
As of Oct '25, the median home price in Milmay, NJ is $384,000, with a year-over-year change of -1.3%. This indicates that home prices in Milmay, NJ are decreasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | -1.3% |
| Single Family | $384,000 | -1.5% |
| 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 — Milmay, NJ
Milmay, 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 — Milmay, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Milmay, NJ is 134. This is a increase of 61.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 2.0% |
Listing Count | 3 | -31.0% |
| Listings as % of Homes | 0.3% | -31.0% |
Days on Market | 134 | 61.0% |
Demographics — Milmay, NJ
As of the latest ACS Survey released in 2023, Milmay, NJ has a population of 876, which has decreased by -30.0% over the past 5 years. Milmay, NJ is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 876 | -30.0% |
% Under 18 | 21.7% | -24.9% |
% Seniors | 36.3% | 536.8% |
% WFH | 19.6% | ∞% |
% w/ College Degree | 25.1% | 26.1% |
As of the latest ACS Survey released in 2023, Milmay, NJ is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 10.2% in the last 5 years. The second most common race or ethnicity in Milmay, NJ is black, making up 5.1% of the population. Foreign-born residents account for 1.7% of the population in Milmay, NJ, and this percentage has increased by 41.7% 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 | 94.9% | 10.2% |
% Black | 5.1% | 920.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.7% | 41.7% |
Mortgage and Risk — Milmay, NJ
Milmay, NJ lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Milmay, NJ
Milmay, 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 | $1,430 |
| 2 Bedroom | N/A | N/A | $1,750 |
| 3 Bedroom | N/A | N/A | $2,440 |
| 4 Bedroom | N/A | N/A | $2,630 |
Affordability — Milmay, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $384,000 |
| Median Household Income | $72,800 |