Market Summary

Millburn, Essex County, NJ

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Median Home Price Price

$1,150,931 $1.2M

Median Monthly Rent Rent

$2,589 $2.6K

GRM

37.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Essex County

Region Price Rent GRM Display
Montclair
$1,055,770 $2,760 32.0x
Livingston
$1,009,183 $3,795 22.0x
West Orange
$627,089 $2,481 21.0x
Essex Fells
$1,325,885 $4,512 24.0x
Verona
$703,964 $2,767 21.0x
South Orange
$1,015,134 $2,938 28.0x

Home prices

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Monthly rent

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GRM

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Similar markets within NJ outside of Essex County

Region Price Rent GRM Display
Closter, Bergen County, NJ
$1,087,016 $3,495 26.0x
East Brunswick, Middlesex County, NJ
$596,695 $2,662 19.0x
Jamesburg, Middlesex County, NJ
$440,425 $2,474 15.0x
Westfield, Union County, NJ
$1,164,767 $2,995 32.0x
Dunellen, Middlesex County, NJ
$511,974 $2,436 18.0x
Medford Township, Burlington County, NJ
$594,556 $1,748 28.0x
Haworth, Bergen County, NJ
$1,084,155 $4,513 20.0x
Westwood, Bergen County, NJ
$706,603 $2,982 20.0x
Kearny, Hudson County, NJ
$560,904 $2,118 22.0x
Princeton Junction, Mercer County, NJ
$976,071 $3,425 24.0x
Metuchen, Middlesex County, NJ
$654,356 $2,684 20.0x
Wyckoff, Bergen County, NJ
$1,034,080 $3,250 27.0x
Colts Neck Township, Monmouth County, NJ
$1,216,293 $2,454 41.0x
Scotch Plains, Union County, NJ
$776,375 $2,704 24.0x
East Hanover Township, Morris County, NJ
$803,461 $2,410 28.0x
Ho Ho Kus, Bergen County, NJ
$1,177,321 $3,614 27.0x
Lakewood, Ocean County, NJ
$541,525 $2,333 19.0x
Moorestown Township, Burlington County, NJ
$723,350 $1,696 36.0x
Edison, Middlesex County, NJ
$614,548 $2,643 19.0x
Tenafly, Bergen County, NJ
$1,168,526 $4,462 22.0x
Chatham, Morris County, NJ
$1,212,089 $3,240 31.0x
North Brunswick, Middlesex County, NJ
$527,240 $2,716 16.0x
Palisades Park, Bergen County, NJ
$917,039 $2,506 30.0x
Woodcliff Lake, Bergen County, NJ
$1,148,667 $2,417 40.0x
Woodbridge, Middlesex County, NJ
$467,214 $2,724 14.0x
Glen Rock, Bergen County, NJ
$968,032 $2,481 32.0x
Mountain Lakes, Morris County, NJ
$1,127,510 $4,477 21.0x
Port Reading, Middlesex County, NJ
$523,298 $2,472 18.0x
Iselin, Middlesex County, NJ
$538,677 $2,771 16.0x
Hillsdale, Bergen County, NJ
$778,218 $2,249 29.0x
Piscataway, Middlesex County, NJ
$573,477 $2,630 18.0x
Ridgewood, Bergen County, NJ
$1,104,999 $3,210 29.0x
Medford Lakes, Burlington County, NJ
$516,501 $1,743 25.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of NJ

Region Price Rent GRM Display
Woodbury, Nassau County, NY
$1,395,925 $4,264 27.0x
Simsbury, Hartford County, CT
$494,294 $2,816 15.0x
Montebello, Rockland County, NY
$1,063,386 $2,989 30.0x
Bayport, Suffolk County, NY
$719,243 $2,903 21.0x
Wilton, Fairfield County, CT
$1,144,343 $2,313 41.0x
West Hartford, Hartford County, CT
$458,301 $2,463 16.0x
Stonington, New London County, CT
$570,047 $2,224 21.0x
Lawrence, Nassau County, NY
$1,953,031 $2,494 66.0x

Home prices

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Monthly rent

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GRM

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Millburn

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Trend Insights

Median Rent in Millburn, NJ is $2,589, with MoM change +$33 and YoY change +$286 pointing to positive momentum while volatility is low (std $76).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Millburn, NJ.

Skip the spreadsheet work. Search a market to see side-by-side deltas.
Metric
Base market Millburn, NJ
Compare market Select a market
Delta vs base
Median rent
$2,589
N/A
—
Median price
$1,150,931
N/A
—
YoY change
+$286
N/A
—
Price-to-rent
37.0x
Data unavailable
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