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New Milford

New Milford

Located in Bergen County

$730,858 Average Value

New Milford offers accessibility to the greater Bergen County area and Manhattan at a price point that still attracts first-time homebuyers. The northern New Jersey borough is within 5 miles of Tenafly, a borough where the median price is more than $1 million, and Alpine, which over the last 40 years has been home to celebrities such as Stevie Wonder and Chris Rock. Despite the surrounding affluence, prices in New Milford and the neighboring boroughs of Dumont and Bergenfield are palatable to new homebuyers. “Nine out of 10 or more of buyers here are first-time buyers,” says Dave Miller, broker-owner of Re/Max Integrity and an active agent in the local market. Residents of New York City, Hoboken and Jersey City often head to New Milford for a more suburban setting complete with a driveway and a yard. Still, there are multiple ways to travel from the borough of 17,000 people to the larger cities.

Aerial view of New Milford, NJ, a leafy suburb in Northern New Jersey.
Aerial view of New Milford, NJ, a leafy suburb in Northern New Jersey.
New Milford's proximity to Route 4 is one of its greatest assets.
New Milford's proximity to Route 4 is one of its greatest assets.
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Renovated colonials and midcentury-built homes

While the town was once home to vegetable fields, residential development blossomed in the 1950s, with Cape Cod and split-level-style homes being built. A three or four-bedroom split-level or Cape Cod-style home costs $600,000 to $740,000. A renovated colonial with five bedrooms or more might run between $900,000 and $1.8 million. Toward the southern edge of the community, a few townhouses, built in the 1980s and ‘90s, might be found for around $500,000.

Houses on the west side of New Milford are at risk of flooding from the Hackensack River. Homebuyers there may need flood insurance for their properties.

A contemporary craftsman style home in New Milford, NJ.
A contemporary craftsman style home in New Milford, NJ.
A colonial style home in New Milford, NJ.
A colonial style home in New Milford, NJ.
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Dining options on Main Street, plus ShopRite

While there isn’t a formal downtown in New Milford, shops and restaurants can be found along River Road. River & Henley Bar and Restaurant crafts cocktails and American fare and Casual Habana Café serves Cuban specialties. On Main Street, there’s a butcher shop, pizzeria, and restaurants offering burritos and Chinese takeout. Closer to the Hackensack River, Sanzari’s New Bridge Inn specializes in fine Italian cuisine and often features live music. Groceries can be found at the ShopRite of New Milford.

Making a freshly prepared sandwich at New Milford Bagels in New Milford, NJ.
Making a freshly prepared sandwich at New Milford Bagels in New Milford, NJ.
There is a devoted local following for What's Cookin' in New Milford, NJ.
There is a devoted local following for What's Cookin' in New Milford, NJ.
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Annual community parades and tree lighting

Community members turn out each year for the Memorial Day parade in May and the Veterans Day parade in November. Toward the beginning of December, the town gathers for the New Milford Holiday Tree Lighting.

Accessible public schools

Kindergarteners through fifth graders attend either Bertram F. Gibbs or Berkley Elementary School, which both have B ratings from Niche. David E. Owens Middle School serves sixth through eighth grade and has a B rating from Niche. New Milford High School has a B rating from Niche and offers a multi-level research-based program called The Academies, in addition to its regular curriculum.

The main building of the New Milford High School in New Milford, NJ.
The main building of the New Milford High School in New Milford, NJ.
Bertram F. Gibbs Elementary School is an above average public school in New Milford, NJ.
Bertram F. Gibbs Elementary School is an above average public school in New Milford, NJ.
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A riverside park with a paddle center

Just north of New Milford, Van Buskirk Island County Park is surrounded by the Hackensack River, offering walking trails, a nature preserve, and a paddle center for canoes and kayaks. The water makes the park a prime place for bird watching. The site’s historic red brick Romanesque Revival buildings were formerly used for industrial purposes, and include intact pumping engines.

Go kayaking at Van Buskirk Island County Park in New Milford, NJ.
Go kayaking at Van Buskirk Island County Park in New Milford, NJ.
Signage at Van Buskirk Island County Park displays a map and birdwatching information.
Signage at Van Buskirk Island County Park displays a map and birdwatching information.
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A commute for drivers, plus train and ferry options

While the majority of residents drive, commuters to Manhattan can shorten the 18-mile by driving to Port Imperial in Weehawken and taking the ferry to Midtown or Brookfield Place. Buses are also available, with a trip to Manhattan running over an hour. There's a train stop nearby in River Edge, but most commuters drive or take the bus.

New Milford commuters can make use of the River Edge train station to get to the city.
New Milford commuters can make use of the River Edge train station to get to the city.
Hannah Rainey
Written By
Hannah Rainey
James Leynse
Photography Contributed By
James Leynse
Rawley Rudel
Video By
Rawley Rudel

Interested in learning more about homes in this area? Reach out to Karem Guzman, an experienced agent in this area.

Agents Specializing 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

Neighborhood Facts

Number of Homes in Neighborhood
1,150
Median Year Built
1952
Median Lot Size Sq Ft
8,276

Open Houses

  • Sunday, Aug 3
    1 - 4pm

    314 Salem St, New Milford, NJ 07646

    $750,000

    • 4 Beds
    • 4 Baths
    • 314 Salem St
    • New 22 hours ago

    Welcome to 314 Salem Street, a distinguished residence nestled in the heart of New Milford, NJ. This meticulously renovated home offers four spacious bedrooms and four modern bathrooms, perfectly designed to accommodate a variety of lifestyles. The property boasts elegant hardwood floors throughout, providing a warm and inviting atmosphere. The recently updated kitchen is a culinary enthusiast's

    Roi Klipper Corcoran Infinity Properties, Ridgewood

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  • Sunday, Aug 3
    1 - 3pm

    147 Pine Ave, New Milford, NJ 07646

    $550,000

    • 4 Beds
    • 2 Baths
    • 147 Pine Ave
    • New 1 day ago

    Nestled at the end of a peaceful dead-end street, this home offers a rare opportunity to own a spacious and versatile home in one of New Milforda€TMs most established neighborhoods. Ideal for extended families or those in need of flexible living space, this home features a generous layout designed for comfort, privacy, and functionality. Step inside to discover multiple living areas that can

    Rebecca LaPira RE/MAX Signature Homes

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

New Milford Has More Owners

Demographics

Total Population
16,934
Median Age
43
Population under 18
21.5%
On par with the national average
23.8%
Population over 65
20.2%
On par with the national average
19.1%

Finances

Median Household Income
$98,059
Significantly above the national average
$71,702
Average Household Income
$128,428

Education and Workforce

High School Graduates
93.1%
College Graduates
48.8%
Above the national average
34.1%
Advanced Degrees
16.6%
% Population in Labor Force
71.3%
Above the national average
65.1%

Weather

Annual Precipitation
46''
Average Winter Low Temperature
26°F
Average Summer High Temperature
87°F
Annual Snowfall
11''

Area Factors

Somewhat Bikeable

Bike Score®®

44 / 100

Somewhat Walkable

Walk Score®®

52 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

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.
New Milford