Millburn, New Jersey.
Typical home $1,303,402 (+11.2% in a year), asking rent $3,221 . New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$4,187 (+158%) since Jan 2020.
- 1 year
- Up $130,895 +11%
- $1,172,507$1,303,402 since Sep 2025
- 5 years
- Up $468,408 +56%
- $834,994$1,303,402 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Millburn$6,841
- New Jersey$3,019
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 8 years.
Typical home values in Millburn, NJ rose 11.2% over the past year — faster than the nation's +1.2%.
Living in Millburn, Essex County, New Jersey
Millburn is a township of 21,710 people in Essex County. 81% of its homes are lived in by their owners and 19% are rented. Unemployment in Essex County was 5.7% in August 2026, and the county had 1.1% more jobs in 2025 than the year before. The most residents work in finance and property, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Millburn is a township in Essex County where most homes are lived in by their owners, and where the typical home value sits well above what most American towns see. Rents run high too. Residents tend to be middle-aged, almost all adults hold a four-year degree, and household incomes are well above the county's, with few people living below the poverty line. Winters are cold, with January the coldest month and temperatures that often stay at or below freezing, and summers are warm, with July the warmest month. The year brings a fair amount of snow and plenty of rain.
Work. Many residents work in banks, insurance and property, in professional and business services, in schools, hospitals and social care, or in manufacturing. Within Millburn itself, the largest workplaces include the Millburn Township School District, Bloomingdale's and the Paper Mill Playhouse. Commutes are long, and more people work from home than in many places. Across Essex County, unemployment is lower than it was a year earlier, and there are slightly more jobs than the year before.
Things to do. Sports Illustrated Stadium is a short drive away, while Giants Stadium sits a longer drive off. Farther into the city, a longer drive away, are some of the best-known museums, including the Metropolitan Museum of Art and the Museum of Modern Art, and Central Park is nearby in the same direction. The Statue of Liberty, a tourist attraction, is also a longer drive away.
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- 7,156households
- 90%of adults have a degree
- 3%below the poverty line
- 42 mintypical commute
- 36%work from home
What residents work in
Employed residents by industry, from the Census survey. Essex County had 353,038 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 40° and lows near 22°; warmest in July, with highs near 86° and lows near 66°. About 24 inches of snow and 50 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Canoe Brook weather station, 2 miles away (NOAA).
Largest workplaces in Millburn
- Millburn Township School DistrictSchool district761FTE
- BloomingdalesDepartment stores324
- Paper Mill PlayhouseTheaters, dinner232
- Novartis RLT MillburnNuclear medicine preparations manufacturing229
- Macy'sDepartment stores192
- Hilton Worldwide Holdings, Inc.Hotels183
- Trader Joe's 0609 MillburnGrocery store134
- Acme MarketsSupermarkets and other grocery stores124
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 17 workplaces with 20 or more staff, 2,127 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- Winter weatherVery high
- Heat wavesRelatively high
- Inland floodingRelatively high
- Cold wavesRelatively high
- TornadoesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Essex County, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Essex County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Millburn home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Millburn$1,303,402
- New Jersey$575,123
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Millburn15
New listings per month
Sellers arriving at the market.
- Millburn5
Zip codes with a Millburn address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Millburn — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.