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.
New Milford
Located in Bergen County
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.
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.
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.
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.
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.
Interested in learning more about homes in this area? Reach out to , an experienced agent in this area.
Agents Specializing in this Area
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Maggie Sherman D'Aquila
Maggie Sherman D'Aquila
Responds QuicklyCompass
(551) 213-6780
51 Total Sales
1 in New Milford
$455,000 Price
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Michael Dunn
Michael Dunn
EXP Realty, LLC
(551) 243-7398
59 Total Sales
1 in New Milford
$660,000 Price
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Dena Matthews
Dena Matthews
Weichert Realtors, Tenafly-Cresskill
(973) 382-9476
21 Total Sales
1 in New Milford
$530,000 Price
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Josephine Taylor
Josephine Taylor
RE/MAX Properties Plus
(551) 303-7367
59 Total Sales
6 in New Milford
$410K - $700K Price Range
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Adel Metri
Adel Metri
AMERICA'S ELITE GROUP LLC
(973) 604-8146
72 Total Sales
1 in New Milford
$630,000 Price
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Colin Somerville
Colin Somerville
RE/MAX Properties-Saddle River
(862) 319-8591
80 Total Sales
1 in New Milford
$670,000 Price
Schools
Parks in this Area
New Milford Housing Trends
On average, homes in New Milford, NJ sell after 27 days on the market compared to the national average of 55 days. The median sale price for homes in New Milford, NJ over the last 12 months is $700,000, up 8% from the median home sale price over the previous 12 months.
Housing Trends
Area Facts
Open Houses
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Saturday, Mar 21Open Sun 12:30PM - 3:30PM
$724,999
- 4 Beds
- 2 Baths
- 470 Capitol Rd
- New 2 days ago
Welcome to this beautifully maintained single family home located in the heart of New Milford, NJ. This charming residence offers four generously sized bedrooms and two full bathrooms, providing comfort and flexibility for today's lifestyle. The home features bright living spaces, a functional layout, and a finished basement - perfect additional living space. Step outside to enjoy a spacious
Gloria Gibbs BHHS JORDAN BARIS REALTY
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Sunday, Mar 22Open Sun 1PM - 3PM
$1,550,000
- 5 Beds
- 5 Baths
- 229 Sutton Place
- New 10 days ago
Where modern design meets everyday comfort, this beautifully crafted new construction home offers a sophisticated lifestyle in one of New Milfordâ€TMs most convenient locations. Thoughtfully designed with exceptional craftsmanship, high-end finishes & a layout that perfectly balances style & functionality, this home delivers both elegance & ease of living. The main level features soaring ceilings
Ani Messikian Compass New Jersey, LLC-Ridgewood
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Saturday, Mar 21Open Sun 12PM - 3PM
$715,000
- 3 Beds
- 2 Baths
- 110 Somers Ave
- New 10 days ago
110 Somers sits near the end of a quiet, dead-end street. This split-level home offers functionality with an open landscape bound only by your vision and creativity! Situated on an expansive fenced-in lot of over 12,500 square feet, this large property provides open space for your lifestyle needs. The split levels provide multiple living zones ideal for both everyday living and entertaining. The
Dena MatthewsWeichert Realtors, Tenafly-Cresskill(551) 319-1585
Homes for Sale
Homes for Rent
Distribution of Home Values
Average Home Value
Property Mix - Square Feet
New Milford Has More Owners
Demographics
Finances
Education and Workforce
Weather
Area Factors
Fairly friendly
Bike Score®
Moderately friendly
Walk Score®
Somewhat friendly
Transit Score®
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.