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AREA INFORMATION

07041 (Millburn, NJ)

Explore the real estate in 07041 (Millburn, NJ)

Area Highlights

07041 (Millburn, NJ) residents have a median age of 40.2 years old, with employment highest in the administrative support and sales industries.

7,612 Population

2,773 Households

$195,512 /yr
Median Household Income

$1,286,388
Median Home Sale Price

35m Median Commute Time

Most people in this area drive to work.

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

40.2 Median Age

Average Household Size

2.7
persons per
household

66.2%

Married Households

Community Population By Education

Graduate Degree 48%
Bachelors Degree 34%
High School Graduate 8%
Some College 5%
Some High School 4%
Associates Degree 2%
Of the total people surveyed, the most prevalent educational attainment level is Graduate Degree, representing 47.73% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
41.4% of households have children

Area Schools

PK-TKG
0.3 MILES
St Stephen's Preschool
6-8
0.4 MILES
A
Millburn Middle School
PK-5
0.5 MILES
A
South Mountain Elementary School
5
0.5 MILES
B-
Washington School
KG-5
0.7 MILES
A+
Wyoming Elementary School
9-12
0.7 MILES
A
Millburn High School

Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.

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Economics

$195,512 /yr
Median Household Income
$1,286,388
Median Sales Price
35 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 46.63% of the households.

Transportation to Work

  • Drive 47%
  • Public Transit 27%
  • Work from Home 23%
  • Walk or Bike 2%

Occupancy by Type

Owned 1,972 68%
Rented 801 28%
Vacant 120 4%

White vs Blue Collar Jobs







White Collar 92%
Blue Collar 8%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 40.2 years old. The smallest percentage group is 35-44 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 54%
Asian 32%
Hispanic 7%
Black 4%
Other 2%
Native American <1%
The most prevalent ethnicity is White at 54%, followed by Asian at 32%, Hispanic at 7%, and Black at 4%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

85° July
Hottest Average Month
21° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
21°
38°
Feb
23°
41°
Mar
30°
49°
Apr
39°
61°
May
49°
72°
Jun
58°
80°
Jul
64°
85°
Aug
62°
83°
Sep
55°
76°
Oct
44°
66°
Nov
35°
54°
Dec
26°
42°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$2,450,000
For sale
5 beds • 5 baths • 2 half baths

236 Glen Ave
Millburn Twp., NJ 07041

$2,399,000
For sale
6 beds • 4 baths

37 Undercliff Rd
Millburn Twp., NJ 07041

$499,000
For sale
0.21 acres

7 Bodwell Ter
Millburn Twp., NJ 07041

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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