Millburn, NJ Overview

Located in the southwest corner of Essex County, Millburn Township covers 10 square miles just 20 miles west of New York City.  The southern border, adjacent to Summit and Springfield, is partially defined by Morris Turnpike or Route 124.  Approximately half of the county’s 2,000-acre South Mountain Reservation lies within the township.  Other open space includes municipal parks, golf courses, and water reserves including a reservoir. Characterized as a residential suburb, the township is divided into two sections.  Excellent schools, the upscale Mall at Short Hills, and more than 1,000 businesses and professionals are located in Millburn.  Area highlights include the 16-acre Cora Hardshorn Arboretum and Bird Sanctuary and the Paper Mill Playhouse, one of the nation’s most outstanding nonprofit cultural venues.

Summary

Population Growth (since 2000) 3 %
Population Density (ppl / mile) 2,177.00
Household Size (ppl) 2.954
Households w/ Children 49 %

Housing Stability

Annual Residential Turnover 7 %
5+ Years in Residency 48 %
Median Year in Residency 4.82

Housing Inventory

Millburn, NJ Housing Inventory 267 1,275 5,595 5,595 267 1,275 5,595

Market Overview

156 listings with an estimated median price of $1,582,000

Price Count
$200K-300K 2
$400K-500K 1
$500K-600K 1
$600K-700K 9
$700K-800K 8
$800K-900K 5
$900K-1M 10
$1M-Max 120
Property Type Count
Single Family 140
Commercial 1
Rental 56
Lots and Land 9
Condo/Town/CoOp 5
Multi Family 1

(Data as of 8/15/2018)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Millburn, NJ Population Demographics

Total: 20,298

Households:6,870

Median Age: 42.85

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Millburn, NJ Temperature

Weather Risk

Millburn, NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Millburn, NJ Education Climate Index

Highest Education Level Attained

Millburn, NJ Highest Education Level Attained 324 4,564 787 1,074 80 58 5,611 324 4,564 787 1,074 80 58 5,611

Employment and Finance

Workforce

Millburn, NJ Workforce

Income by dollar range (Median Income: $165,269)

Millburn, NJ Income by dollar range 79 65 91 108 66 102 124 153 109 255 436 496 565 480 1,786 785 1,074 96

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$1,044
One Bedroom
$1,099
Two Bedroom
$1,324
Three Bedroom
$1,695
Four Bedroom
$1,922

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Millburn, NJ Crime

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