New Jersey · Census place 22890
Far Hills borough, NJ
Quick answer
Far Hills borough has 1,004 residents, ranking #552 of 700 places in New Jersey. Median household income is $152,188, the median home is worth $798,900 and median gross rent runs $1,495 a month.
- Population
- 1,004Far Hills borough residents
- Median household income
- $152,188Past 12 months, inflation adjusted
- Median home value
- $798,900Owner-occupied units
- Median gross rent
- $1,495Rent plus utilities, monthly
- Median age
- 49.7 yrsAll residents
- Homeownership rate
- 82.7%Owner-occupied households
What the numbers mean in Far Hills borough
Housing cost measured against local earnings.
A household earning the Far Hills borough median would spend about 11.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.3% of residents and 82.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Green Village CDP 1,040
- Cologne CDP 1,023
- Ship Bottom borough 1,009
- The Ponds CDP 995
- Crosswicks CDP 986
- Flagtown CDP 985
- Hi-Nella borough 984
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