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NJ area data

Milltown, NJ

Milltown, NJ.

Population: 8,538 (Census ACS)

The median home value in Milltown, NJ is $625,186 — up 6.8% over the past year. Homes sell for a median $660,000 after a median 13 days on market. 2 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with icestorm, strongwind, winterweather 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

$625,186

Median home value

+6.8%

1-year change

13

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$625,186
1-year appreciation
+6.8%
3-year appreciation
+24.4%
5-year appreciation
+43.5%
10-year appreciation
+81.6%
All-time peak (2026-07)
$625,186
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
$660,000
Median list price
$625,000
Median price per sqft
$355
Median days on market
13 days
Homes sold (recent period)
1
For-sale inventory
20
Sale-to-list ratio
105.6%
1-year forecast
+2.5%
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)

Schools

Total schools
2
Elementary schools
1
Middle schools
1
High schools
0
Schools include
Joyce Kilmer School, Parkview School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
iceStorm, strongWind, winterWeather, coastalFlooding, coldWave
Notable hazard ratings (county)
coastalFlooding: Relatively High · coldWave: Relatively High · drought: Relatively Moderate · earthquake: Relatively Moderate · hail: Relatively Low · heatWave: Relatively Moderate
FEMA flood zone
AE
Flood risk level
High
Wildfire risk to homes (county)
Higher than 40% of US counties
Buildings in wildfire direct-exposure zone
16.7%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
2
Nearest Superfund site
Fried Industries (0.4 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)

Air quality

Air quality rating
Good
Median AQI (annual)
44
Days with Good air quality
229
Days with Moderate air quality
124
Days with Unhealthy air quality
4
Highest AQI recorded (year)
247

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
7.2 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
153,111
Jobs reachable by transit (45 min)
136,456

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
27
Nearest national park
Morristown National Historical Park (23 mi)
National parks include
Morristown National Historical Park, National Parks of New York Harbor, Thomas Edison National Historical Park
Airports within 30 mi
27
Nearest airport
Werner Private Airport (8 mi)
Nearest major airport
Newark Liberty International Airport (EWR) (22 mi)
Hospitals nearby (~15 mi)
15
Hospitals include
UNIVERSITY MEDICAL CENTER OF PRINCETON AT PLAINSBORO, ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL AT RAHWAY, CAREPOINT HEALTH - BAYONNE MEDICAL CENTER
Avg hospital rating (CMS)
2.5 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (4.0 kWh/m²/day)

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

Migration

Net migration (county)
-3,660 tax filers

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

Housing stock

Median year housing built
1,963
Housing built before 1970
67.5%
Housing built 2000 or later
7.0%
Median annual property tax
$10,001
Mean commute to work
27 min
Households with broadband internet
76.7%

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

Employment & development

Total county employment
376,864
Average weekly wage
$1,510
Top industries (by employment)
Health Care, Professional Services, Administrative Services
Annual residential building permits (county)
566

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

How it compares

MilltownState medianUS median
Median home value$625,186$577,759$289,727
Median sale price$660,000$555,000$325,000
Median days on market13 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 Milltown, NJ?
$625,186.
What is the median sale price in Milltown, NJ?
$660,000.
How long do homes take to sell in Milltown, NJ?
Median days on market: 13 days.
What is typical rent in Milltown, NJ?
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 Milltown, NJ?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: iceStorm, strongWind, winterWeather, coastalFlooding, coldWave.
Is Milltown, NJ in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in Milltown, NJ?
Risk to homes is higher than 40% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Milltown, NJ?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Milltown, NJ?
2 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Fried Industries, 0.4 mi.
How many schools serve Milltown, NJ?
2 schools (1 elementary, 1 middle) (NCES, 2022-23).
Is Milltown, NJ walkable?
Walkability index: 7.2/20 (EPA Smart Location Database).
What is the air quality in Milltown, NJ?
Good. Median AQI: 44. (EPA AQI).
What is the cost of living in Milltown, NJ?
Regional Price Parity: 112.5 (100 = US average) (High) (BEA RPP, metro/state-level).

ZIP code for Milltown

Selling a home in Milltown, NJ?

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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