Florham Park

Florham Park

Located in Morris County

$1,280,467 Average Value
$548 Average Price per Sq Ft
11 Homes For Sale

Growing suburb with two universities and golf courses

Florham Park provides a small-town atmosphere in Morris County, perhaps best known as the practice site for the New York Jets football team. Tracey Franco, a Coldwell Banker agent with 18 years of experience, has lived here for 10 years. She cites how its proximity to NYC, 30 miles to the east, draws commuters. She likes how it’s a quiet suburb that’s only 10 minutes to bustling downtowns, like Summit and Morristown. Though mostly residential, “Growth here is outrageous,” she says. “There’s been a new construction boom for the past 12 years.” This includes local businesses as well, like daycares and corporate offices.

Florham Park is currently growing with additions of houses to suburban neighborhoods.
Florham Park is currently growing with additions of houses to suburban neighborhoods.
New Townhouses are starting to sprout up in Florham Park.
New Townhouses are starting to sprout up in Florham Park.
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Newer construction on bigger lots

The ongoing new construction encompasses traditional single-family homes. Many are found on deeper lots closer to the Madison border, including the streets of Hillside, Roosevelt, Rockwood, Cathedral and Lincoln. There are a handful of newer townhomes and condos as well.

Most housing stock consists of older colonials, cape cods and split levels. Franco notes how Florham Park attracts buyers who are priced out of more expensive neighboring towns, like Summit and Chatham, while also offering lower property taxes. In some cases, property taxes are half that of Summit, in part due to Florham Park’s large corporate tax base.

Money goes further here and half-acre lots are the most common. “There’s a progression of families from Manhattan to Jersey City to Florham Park,” Franco says.

Housing on the northern side of Columbia Turnpike, closer to the private Morristown Airport, tends to be cheaper, with more townhome options.

Single-family homes start around $600,000 for a three bedroom on less than half an acre and can reach $4 million for a newer construction mansion on more than an acre. The median price is $818,00.

Row of townhomes in Florham Park.
Row of townhomes in Florham Park.
Newer housin
Newer housin
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Highly ranked school district with strong sports programs

Public school students start at Briarwood Elementary School for pre-kindergarten through second grade, rated A-minus by Niche, and continue on to Brooklake Elementary School for grades three through five. Niche gives it a B-plus. Ridgedale Middle School serves grades six through eight and is rated A by Niche.

District students combine with East Hanover at Hanover Park High School, part of the Hanover Park Regional High School District and home to about 1,400 students. Wrestling and football are among the most popular sports programs and Great Schools scores it a 7 out of 10.

Ridgedale Middle School in Florham Park is massive and sits on a large lawn.
Ridgedale Middle School in Florham Park is massive and sits on a large lawn.
Brooklake school sits right next to Briarwood Elementary.
Brooklake school sits right next to Briarwood Elementary.
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Golf courses and large indoor playspace for kids

Elm Street is a recreational area with a dog park, playground, tennis courts and sports fields. Emmett Park is a small park with picnic areas and seasonal ice-skating rink. Florham Park Municipal Pool includes a water slide and holds designated teen nights.

Families with small kids head to the large indoor playspace, Imagine That!!! It’s especially popular for birthday parties and with families from area towns.
Two golf clubs include the private 18-hole Brooklake Country Club and Pinch Brook, a public 18-hole course.

But the highlight is Florham Park Roller Rink. “It’s a big deal,” Franco says, noting that it’s one of last roller-skating rinks in New Jersey. “It’s always crowded.”

Elm Street playground is a great place for Florham park Residents to bring their kids.
Elm Street playground is a great place for Florham park Residents to bring their kids.
Florham Park has a lot of great recreational places for children, including Imagine That.
Florham Park has a lot of great recreational places for children, including Imagine That.
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Chain shopping on northern edge

Columbia Turnpike runs through the northern part of town, where most corporate offices and strip mall options are located. Trader Joe’s and Kings Food are the main grocery options. Locals head to Lucco Cucina + Bar on Friday night for upscale Italian; Nonna’s is known for pizza and the Thirsty Turtle is a hangout for sports and cocktails.

The popular Florham Village Shopping Center contains Florham Park Pizza, plus a Pure Barre for fitness classes and the post office.

Neighboring East Hanover offers more big-box options like Costco. “There’s no major shopping here and that’s why we love it,” says Franco.

Enjoy shopping and family owned businesses and chains at the Florham Park Shopping center.
Enjoy shopping and family owned businesses and chains at the Florham Park Shopping center.
Head over to Lucco Cucina and Bar for delicious food and drinks.
Head over to Lucco Cucina and Bar for delicious food and drinks.
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Morristown Airport and trains nearby

Florham Park lacks a train, but commuters have the option to bike or catch a ride to NJ Transit stations in neighboring Madison and Chatham. The ride to Penn Station takes about an hour. Morristown Airport is next door in Hanover. It’s convenient for chartered flights, but noisy for residents in its flight path.

Florham Park has access to Morristown Airport, a private Airport housing many smaller planes.
Florham Park has access to Morristown Airport, a private Airport housing many smaller planes.
Students and commuters alike utilize the Madison Train Station to travel to work and school.
Students and commuters alike utilize the Madison Train Station to travel to work and school.
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Major July 4th festivities

The annual Fourth of July celebration is a longtime tradition that’s highly anticipated. “People skip going down the shore for the parade,” says Franco, explaining how people set up their chairs the night before along the parade route and set up breakfast tailgates in driveways. A beer garden and fireworks are part of the fun.

Summer also brings a Tuesday night concert series with cover bands at the town gazebo.

Home to two college campuses

There are two universities in town: private Fairleigh Dickinson University, whose main campus is in Teaneck, has a campus here. Technically it’s located in Madison, but most of it is physically in Florham Park. Saint Elizabeth University, a private Catholic school, is technically located in Morris Township, but parts of it are also in Florham Park.

Fairleigh Dickinson University's Morristown Campus is right next to Florham Park.
Fairleigh Dickinson University's Morristown Campus is right next to Florham Park.
Saint Elizabeth University, although technically in Morristown, sits right next to Florham Park.
Saint Elizabeth University, although technically in Morristown, sits right next to Florham Park.
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Jessica Haddad
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Jessica Haddad
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Interested in learning more about homes in this area? Reach out to Michael Lattimer, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Florham Park Housing Trends

Housing Trends

Median List Price
$1,080,000
Median Sale Price
$1,025,499
Median Single Family Sale Price
$1,202,500
Median Townhouse Sale Price
$824,000
Median 2 Bedroom Sale Price
$735,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
114
Median Home Sale Price YoY Change
$21
Average Price Per Sq Ft
$548

Neighborhood Facts

Number of Homes for Sale
11
Months of Supply
1.20

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Florham Park Has More Owners

Demographics

Total Population
12,594
Median Age
40
Population under 18
22.3%
On par with the national average
23.8%
Population over 65
21.3%
On par with the national average
19.1%

Finances

Median Household Income
$142,448
Significantly above the national average
$71,702
Average Household Income
$166,811

Education and Workforce

High School Graduates
98.6%
College Graduates
67.2%
Significantly above the national average
34.1%
Advanced Degrees
34.8%
Above the national average
13.3%
% Population in Labor Force
64.5%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
19°F
Average Summer High Temperature
85°F
Annual Snowfall
16''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Florham Park
Michael Lattimer
Lattimer Realty