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New Milford

New Milford

Located in Bergen County

$743,537 Average Value
$532 Average Price per Sq Ft
16 Homes For Sale

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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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.

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.

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 Josephine Taylor, an experienced agent in this area.

Agents Specializing in this Area

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Parks in this Area

New Milford Housing Trends

Housing Trends

Median List Price
$670,000
Median Sale Price
$700,000
Median Single Family Sale Price
$700,000
Median 2 Bedroom Sale Price
$639,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
136
Median Home Sale Price YoY Change
9%
Average Price Per Sq Ft
$532

Area Facts

Number of Homes
1,178
Number of Homes for Sale
16
Median Year Built
1952
Months of Supply
1.40
Median Lot Size Sq Ft
8,494

Open Houses

  • Sunday, Nov 9
    Open Sun 1PM - 3PM

    314 Hirschfeld Place, New Milford, NJ 07646

    $699,000

    • 4 Beds
    • 4 Baths
    • 314 Hirschfeld Place
    • New 1 day ago

    Tucked away on a secluded, quiet street, nature meets modern convenience in this deceptively spacious split level home. From the moment you step into the foyer, youâ€TMre greeted by the warmth of original hardwood flooring and the subtle charm of solid, 5-panel doors. This home is designed for flexible, multi-generational living. The ground floor features a highly desirable first-floor bedroom

    Anna Papoutsakis Keller Williams Valley Realty

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  • Sunday, Nov 9
    Open Sun 12PM - 2PM

    1093 Sheridan St, New Milford, NJ 07646

    $999,000

    • 4 Beds
    • 2.5 Baths
    • 1093 Sheridan St
    • New 1 day ago

    Nestled on a peaceful cul-de-sac, this charming gem sits on a spacious property with endless potential. Enjoy serene views of the trees and take in the beautiful sunrises and sunsets that fill the home with natural light. Surrounded by nature and just steps from a private park, itâ€TMs the perfect setting for peaceful living and everyday connection with the outdoors.

    Esther Shayowitz Vera & Nechama Realty

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  • Sunday, Nov 9
    Open Sun 1PM - 4PM

    274 Milford Ave, New Milford, NJ 07646

    $725,000

    • 3 Beds
    • 1.5 Baths
    • 274 Milford Ave

    Stylish, spacious, and move-in ready - this fully updated 3 bedroom, 1.5 bath home in New Milford offers modern comfort with timeless charm. The first floor features a welcoming living room with fireplace, dining room, updated kitchen with breakfast nook, and a convenient half bath. Upstairs are three generously sized bedrooms and a beautifully renovated full bath. Recessed lighting, updated

    Brian Kim Proper Estates, Inc.

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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®®

55 / 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