Median home value in zip code 07041 (Millburn, NJ) is $1,228,207, up 7.9% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$1,228,207

YoY Change

+7.9%

Prices rising — worse for buyers.

Affordability

Enter your income for 07041 (Millburn).

Income (annual)

Down Payment

$245,641 on $1,228,207

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

Out of reach115.6% of income

Need $309,771/yr to afford.

PITI$7,228

P/I115.6%

Afford$297K

Gap-$931K

P&I $6,210Tax $901Ins $117

6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

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

Metro Analysis

07041 is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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