Boonton, Morris County, NJ Housing Trends, Rent, Price-to-Rent

Market Summary

Boonton, Morris County, NJ

Median Home Price Price

$646,122 $646.1K

Median Monthly Rent Rent

$2,381 $2.4K

GRM

23.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Boonton, NJ is $2,381, with MoM change +$23 and YoY change +$188 pointing to positive momentum while volatility is low (std $47).

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Metric

Base market Boonton, NJ

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Delta vs base

Median rent

$2,381

N/A

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Median price

$646,122

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YoY change

+$188

N/A

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Price-to-rent

22.6x

Data unavailable

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