Why Live in Wharton
Wharton, located in Morris County, is a borough just 40 miles west of New York City, accessible via Interstate 80. The neighborhood features a mix of commercial shopping areas and residential pockets, with local restaurants and parks enhancing its small-town feel. Residential streets are lined with sidewalks and trees, and home styles include Cape Cods, colonials, and ranch-style homes, typically featuring detached garages and sunroom additions. Townsquare Village offers townhomes near the shopping mall, and a new townhouse community is under development in central Wharton. The Wharton Borough School District and Dover Public School District serve the area, with schools offering favorable student-teacher ratios and high ratings. Several parks, such as Hugh Force Canal Park and Wharton Memorial Park, provide outdoor recreation and host community events like Canal Day. The neighborhood also includes Robert Street Park with sports facilities and Hedden Park with scenic trails. Shopping options include Costco, ShopRite, Walmart, Target, and Rockaway Townsquare mall, while Main Street hosts diverse dining options like Ecuatorianisimo and Theodora’s Pizza. The 13th Hour Haunted House offers year-round entertainment. Wharton is well-connected with Interstate 80, U.S. Route 15, and public transit options, making it convenient for both local workers and commuters. The area is safer than the national average, contributing to its appeal as a residential community.
Frequently Asked Questions
What is the average home price in Wharton, NJ?
Homes for sale in Wharton, NJ have an average home price of $474,499.
How many homes have sold over the last 12 months in Wharton, NJ?
87 homes have sold in Wharton, NJ over the last 12 months.
What are the most popular zip codes in Wharton, NJ?
How much do you need to make to afford a house in Wharton?
The median home price in Wharton is $471,000. If you put a 20% down payment of $94,200 and had a 30-year fixed mortgage with an interest rate of 6.81%, your estimated principal and interest payment would be $2,460 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $105K a year to afford the median home price in Wharton.
How are the schools in Wharton, NJ?
Home Trends in Wharton, NJ
On average, homes in Wharton, NJ sell after 38 days on the market compared to the national average of 50 days. The median sale price for homes in Wharton, NJ over the last 12 months is $485,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$485,000
Median Single Family Sale Price
$498,000
Median Townhouse Sale Price
$545,655
Median 2 Bedroom Sale Price
$522,500
Average Price Per Sq Ft
$342
Number of Homes for Sale
4
Last 12 months Home Sales
87
Median List Price
$471,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%