Housing · Millburn
Millburn, NJ housing market
The typical Millburn home is worth about $1,309,000, up 10.5% in a year, 125% above the New Jersey typical home.
Home values, sales, trends and how Millburn compares with the towns next door — updated as new data is published.
The market right now
Millburn at a glance
Typical home value
$1.31M
▲ 10.5% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
MillburnNew Jersey
Show as a table
| January | Millburn | New Jersey |
|---|---|---|
| 2017 | $711,000 | $317,000 |
| 2018 | $754,000 | $330,000 |
| 2019 | $758,000 | $343,000 |
| 2020 | $738,000 | $358,000 |
| 2021 | $783,000 | $394,000 |
| 2022 | $868,000 | $441,000 |
| 2023 | $935,000 | $471,000 |
| 2024 | $1,052,000 | $511,000 |
| 2025 | $1,141,000 | $551,000 |
| 2026 | $1,221,000 | $568,000 |
| August 2026 | $1,309,000 | $580,000 |
Nearby
Millburn and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Millburn | $1.31M | +10.5% | — | $250,001 |
| Union | $581K | +3.2% | — | $119,464 |
| Springfield | $708K | +0.5% | — | $155,906 |
| Florham Park | $1.06M | +10.2% | 31 | $158,696 |
| Chatham | — | — | 12 | $241,500 |
| Summit | $1.41M | +13.1% | 14 | $190,304 |
| Livingston | $1.1M | +5.8% | — | $229,806 |
Affordability
5.2 years of income
The typical Millburn home costs about 5.2 years of the town's median household income, less than across New Jersey (5.6 years).
How Millburn ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
81.3%
New Jersey: 63.8%
Median tax bill
$10,001
New Jersey: $9,590
Median rent
$2,262
New Jersey: $1,720
Typical home built
1954
New Jersey: 1970
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.