New Milford

New Milford

Located in Bergen County

$730,125 Average Value
$466 Average Price per Sq Ft
12 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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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 Michael Dunn, 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

New Milford Housing Trends

Housing Trends

Median List Price
$649,950
Median Sale Price
$675,000
Median Single Family Sale Price
$700,000
Median Townhouse Sale Price
$574,990
Median 2 Bedroom Sale Price
$547,500
Median Change From 1st List Price
-1%
Last 12 months Home Sales
134
Median Home Sale Price YoY Change
$9
Average Price Per Sq Ft
$466

Neighborhood Facts

Number of Homes for Sale
12
Months of Supply
1.10

Open Houses

  • Thursday, Jun 19
    1 - 3pm

    55 Canterbury Ln, New Milford, NJ 07646

    $569,500

    • 2 Beds
    • 2.5 Baths
    • 1,688 Sq Ft
    • 55 Canterbury Ln
    • New 1 day ago

    Don't Pass This One!! This Lovely Multi-Level Townhouse in Prestigious Canterbury Village with Lots of Updates. EF w/Entry Clst & Stairs to Main Level w/Nice 1/2 Bth, and Dining Room. Lg. Living Rm with Hwd Flrs and High Ceilings, Wood Burning FPL & Double Sliding Glass Doors to Huge Terrace (20 Ft.) The Lg Primary BR has a New Beautiful Fbth w/Shower over Tub, 3 Double Closets & more. There

    Elizabeth Palazzo C-21 SOLID GOLD REALTY INC

  • Sunday, Jun 15
    12 - 2pm

    119 Lenox Ave, New Milford, NJ 07646

    $874,900

    • 4 Beds
    • 3 Baths
    • 119 Lenox Ave
    • New 10 days ago

    Welcome to this stunning new home, offering the perfect blend of comfort, style, and functionality. With four bedrooms and three bathrooms, this property provides ample space for families or individuals looking for a luxurious living experience. The heart of the home is the new kitchen, featuring modern appliances, sleek quartz countertops, and plenty of storage. The adjacent dining and living

    Tathiana Cespedes Christie's International Real Estate Group-Paramus

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''
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