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Area data

Far hills, NJ — ZIP 07931

Population: 2,985 (Census ACS)

The median home value in ZIP 07931 (Far hills, NJ) is $1.45M — up 2.6% over the past year. Homes sell for a median $1.45M after a median 143 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with icestorm, inlandflooding, lightning the top-rated hazards. Cost of living is 12.5% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$1.45M

Median home value

+2.6%

1-year change

143

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$1.45M
1-year appreciation
+2.6%
3-year appreciation
+17.7%
5-year appreciation
+38.0%
10-year appreciation
+44.2%
All-time peak (2026-07)
$1.45M
House Price Index (state)
430.8 (+5.2% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$1.45M
Median list price
$1.66M
Median price per sqft
$323
1-year sale-price change
+5.3%
Median days on market
143 days
Homes sold (recent period)
7
For-sale inventory
28
Sale-to-list ratio
96.1%
Active listings
12
1-year forecast
+2.7%
New listings (monthly)
8

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$1,385/mo
1BR fair-market rent
$1,731/mo
2BR fair-market rent
$2,099/mo
3BR fair-market rent
$2,729/mo
4BR fair-market rent
$3,149/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (High)
112.5 (100 = US avg)
Electricity rate (state-level)
22.6¢/kWh
Natural gas rate (state-level)
$14.20/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
iceStorm, inlandFlooding, lightning, strongWind, winterWeather
Notable hazard ratings (county)
coldWave: Relatively Moderate · drought: Relatively Low · earthquake: Relatively Low · heatWave: Relatively Moderate · hurricane: Relatively Moderate · iceStorm: Relatively High
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 21% of US counties
Buildings in wildfire direct-exposure zone
56.0%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Combe Fill South Landfill (8.9 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
51.0 in
USDA plant hardiness zone
7a (extreme annual low 0 to 5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
11.8 / 20
Transit service frequency
1,183
Jobs reachable by car (30 min)
107,668
Jobs reachable by transit (45 min)
95,468

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
26
Nearest national park
Morristown National Historical Park (7 mi)
National parks include
Morristown National Historical Park, Thomas Edison National Historical Park, Lower Delaware National Wild and Scenic River
Airports within 30 mi
48
Nearest airport
Somerset Airport (5 mi)
Nearest major airport
Morristown Municipal Airport (MMU) (13 mi)
Hospitals nearby (~15 mi)
14
Hospitals include
HUNTERDON MEDICAL CENTER, ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL, SAINT PETER'S UNIVERSITY HOSPITAL
Avg hospital rating (CMS)
3.3 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-622 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,984
Housing built before 1970
38.4%
Housing built 2000 or later
15.9%
Median annual property tax
$10,001
Mean commute to work
26 min
Households with broadband internet
87.2%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
175,080
Average weekly wage
$2,009
Top industries (by employment)
Professional Services, Health Care, Administrative Services
Annual residential building permits (county)
248

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 07931State medianUS median
Median home value$1.45M$577,759$289,727
Median sale price$1.45M$555,000$325,000
Median days on market143 days42 days51 days
Median annual property tax$10,001$9,504$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 07931?
$1.45M.
What is the median sale price in ZIP 07931?
$1.45M.
How long do homes take to sell in ZIP 07931?
Median days on market: 143 days.
What is typical rent in ZIP 07931?
2-bedroom fair-market rent: $2,099/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 07931?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: iceStorm, inlandFlooding, lightning, strongWind, winterWeather.
Is ZIP 07931 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 07931?
Risk to homes is higher than 21% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 07931?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 07931?
No current or proposed National Priorities List sites within 5 miles (EPA).
Is ZIP 07931 walkable?
Walkability index: 11.8/20 (EPA Smart Location Database).
What is the cost of living in ZIP 07931?
Regional Price Parity: 112.5 (100 = US average) (High) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents