New Providence, NJ Overview

New Providence Borough is an established residential community graced by gentle the hills and winding roads of the Watchung Mountains.  Residents can relax in the evenings by strolling along miles of scenic paths.  The borough’s serene neighborhoods consist primarily of older, well-kept homes along tree-shaded streets.  Some newer construction including multi-family developments ensure a wide variety of housing choices.  The Village Shopping Center provides retail amenities.  Leisure hours are spent enjoying local parks, playgrounds, athletic fields, tennis courts, swimming pools, private clubs, and outdoor ice-skating rinks. 

Summary

Population Growth (since 2000) 9%
Population Density (ppl / mile) 3,579.00
Household Size (ppl) 2.72
Households w/ Children 42%

Housing Stability

Annual Residential Turnover 0%
5+ Years in Residency 49%
Median Year in Residency 4.88

Housing Inventory

New Providence, NJ Housing Inventory 119 1,176 3,599 3,599 119 1,176 3,599

Market Overview

30 listings with an estimated median price of $794,000

Price Count
$0 - 100K 1
$300K - 400K 2
$400K - 500K 1
$500K - 600K 4
$600K - 700K 4
$700K - 800K 6
$800K - 900K 3
$900K - 1M 5
$1M - Max 4
Property Type Count
Single Family 21
Condo 5
Commercial 3
Rental 8
Multi Family 1

(Data as of 9/23/2024)

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.

New Providence, NJ Population Demographics

Total: 13,115

Households:4,774

Median Age: 43.41

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)

New Providence, NJ Temperature

Weather Risk

New Providence, 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

New Providence, NJ Education Climate Index

Highest Education Level Attained

New Providence, NJ Highest Education Level Attained 933 405 1,142 149 160 2,464 3,457 933 405 1,142 149 160 2,464 3,457

Employment and Finance

Workforce

New Providence, NJ Workforce

Income by dollar range (Median Income: $135,202)

New Providence, NJ Income by dollar range 126 150 51 82 87 91 94 60 107 254 199 422 478 454 906 678 290 244

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
$1,007
One Bedroom
$1,063
Two Bedroom
$1,288
Three Bedroom
$1,655
Four Bedroom
$1,886

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.

New Providence, NJ Crime

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