Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Far Hills borough, New Jersey?
City · Census ACS 5-Year estimates
The median gross rent in Far Hills borough, New Jersey is $1,554/month (±$298), based on Census ACS 5-Year estimates (2024). The median home value is $792,100 (±$91,658), and the median household income is $143,250/year. The unemployment rate in Somerset County, New Jersey was 3.6% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Far Hills borough, New Jersey
| Metric | Value |
|---|---|
| Median Gross Rent | $1,554 |
| Median Home Value | $792,100 |
| Median Household Income | $143,250 |
| Total Housing Units | 427 |
| Renter-Occupied Units | 55 |
| Renter-Occupied Share | 13% |
| Households Paying 50%+ Income | 18 households |
| Unemployment Rate(April 2026) | 3.6% |
How does Far Hills borough, New Jersey compare?
Median gross rent ranked against all cities in New Jersey.
Higher rent than 30% of cities in New Jersey · 377th of 533
| # | City | Value |
|---|---|---|
| 1 | Rumson borough | $3,501 |
| 1 | Brookside CDP | $3,501 |
| 1 | Mendham borough | $3,501 |
| … 373 more … | ||
| 377 | Far Hills borough(you are here) | $1,554 |
| … 153 more … | ||
| 531 | Cedar Glen West CDP | $740 |
| 532 | Lincroft CDP | $685 |
| 533 | Basking Ridge CDP | $546 |
More data for Far Hills borough, New Jersey
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Frequently asked questions
What is the average rent in Far Hills borough, New Jersey?
The median gross rent in Far Hills borough, New Jersey is $1,554/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Far Hills borough, New Jersey?
The median rent for a 2-bedroom in Far Hills borough, New Jersey is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Far Hills borough, New Jersey?
The median home value in Far Hills borough, New Jersey is $792,100 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Far Hills borough are rent-burdened?
In Far Hills borough, New Jersey, 18 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Far Hills borough, New Jersey?
The median household income in Far Hills borough, New Jersey is $143,250/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,554 has a margin of error of ±$298. In very small areas, MOEs can be large relative to the estimate.
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