Why Live in Milltown
Milltown, NJ, a small community in Middlesex County, is steeped in industrial history, with roots tracing back to a gristmill built in 1769 and a significant Michelin factory presence in the 1900s. This historical charm is evident in the town's architecture, featuring early 20th-century single-family homes, bungalows, and colonials, alongside ranch styles from the mid-20th century and contemporary builds. The transformation of the historic Milltown India Rubber Factory into condominiums highlights the town's blend of old and new. Students in Milltown attend the local Milltown Public Schools, progressing to the highly rated Spotswood High School, which offers various extracurricular activities. Outdoor enthusiasts can enjoy fishing and hiking at Mill Pond Park, sports at David B. Crabiel Park, and other recreational facilities like Gloria Bradford Borough Park and Pardun Tennis Facility. For shopping and dining, residents frequent Ryders Crossing, home to Urban Air Trampoline and Adventure Park, and Heritage Plaza, which offers diverse dining options such as Fresco Steak & Seafood Grill and Lox Stock & Deli. Commuters benefit from Milltown's proximity to New Brunswick, with easy access to New York City via train or the New Jersey Turnpike, and Philadelphia via Interstate 95. The community is also served by NJ Transit buses, with the Robert Wood Johnson University Hospital located about 4 miles away and Newark Liberty International Airport approximately 25 miles distant.
Frequently Asked Questions
What is the average home price in Milltown, NJ?
Homes for sale in Milltown, NJ have an average home price of $523,600.
Are home prices dropping in Milltown?
Yes, home prices in Milltown are down 15% in the last 12 months.
How many homes have sold over the last 12 months in Milltown, NJ?
10 homes have sold in Milltown, NJ over the last 12 months.
What are the most popular zip codes in Milltown, NJ?
How much do you need to make to afford a house in Milltown?
The median home price in Milltown is $620,000. If you put a 20% down payment of $124,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,210 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $138K a year to afford the median home price in Milltown.
How are the schools in Milltown, NJ?
Home Trends in Milltown, NJ
On average, homes in Milltown, NJ sell after 24 days on the market compared to the national average of 70 days. The median sale price for homes in Milltown, NJ over the last 12 months is $620,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$620,000
Median Single Family Sale Price
$680,000
Median 2 Bedroom Sale Price
$319,000
Average Price Per Sq Ft
$297
Number of Homes for Sale
0
Last 12 months Home Sales
10
Median List Price
$620,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%