New Milford, NJ Real Estate

According to census data in the year 2000 there were 6,437 housing units in New Milford. This represents a 1.3% growth from 6,353 in 1990.

Of those housing units, 6,437 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in New Milford is about 63.3%. New Milford's vacancy rate, including seasonal lodging, is about 1.4%. Average household size is 2.54 people.

The majority of houses, apartments or condos in New Milford were built after 1953.


Housing Size

Housing Units by Size
Studio Type4.30%
One Bedroom22.80%
Two Bedrooms18%
Three Bedrooms31.90%
Four Bedrooms20.40%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.99
Median year structure was built1954
Median Value of occupied units$223,400
Median Price asked for vacant units$216,700

Rented Homes, Apartments and Condos

Average Household Size1.77
Median year structure was built1952
Median Monthly Rent asked for vacant units$720

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage6.70%
Home Equity Loan9.90%
Simple Mortgage51.40%
Debt Free31.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.5%