The median home in Millburn, New Jersey is valued at $1,203,250, up 7.0% year over year. Typical monthly rent is $6,500, producing a price-to-rent ratio of 15.4x — near the national average of 18x. Millburn is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$1,203,250

+7.0%

Rent$6,500/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Millburn.

Income (annual)

Down Payment

$240,650 on $1,203,250

Example: $75,000 household income. Change it above to see your own.

Out of reach138.8% of income

Need $371,914/yr to afford.

PITI$8,678

P/I138.8%

Afford$243K

Gap-$961K

P&I $6,084Tax $2,477Ins $117

Renting $2,178/mo cheaper ($6,500 rent)6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in New Jersey

Compare Millburn with other housing markets across New Jersey.

Deal$4.21M Alpine$2.96M Loch Arbour$2.88M Avalon$2.63M Stone Harbor$2.48M Bay Head$2.36M Sea Girt$2.3M Short Hills$2.26M

Full New York-Newark-Jersey City, NY-NJ-PA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the New York-Newark-Jersey City, NY-NJ-PA metro.

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Millburn, NJ