Wharton, New Jersey.
Typical home $487,156 (+0.8% in a year), asking rent $2,478 . New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$1,408 (+123%) since Jan 2020.
- 1 year
- Up $4,018 +1%
- $483,138$487,156 since Sep 2025
- 5 years
- Up $118,217 +32%
- $368,939$487,156 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.
- Wharton$2,557
- New Jersey$3,019
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Wharton, NJ rose 0.8% over the past year — slower than the nation's +1.2%.
Living in Wharton, Morris County, New Jersey
Wharton is a borough of 7,241 people in Morris County. Half its households earn more than $85,767 a year and half less, against $137,326 across Morris County. 59% of its homes are lived in by their owners and 41% are rented. Unemployment in Morris County was 3.9% in August 2026, and the county had 0.9% more jobs in 2025 than the year before. The most residents work in schools and health care, 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 It can be wrong or out of date.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. Wharton is a small borough in Morris County, with an older population than many places and household incomes well below the county's. More homes here are rented than across the county as a whole, and the typical home value and rent are both high in absolute terms. Winters are cold, with January the coldest month and plenty of rain and melted snow over the year, while July brings warm days.
Work. Residents work mostly in schools, hospitals and social care, with professional and business services, manufacturing and shops following. Some of the largest workplaces in Wharton itself are Refresco Wharton, a beverage manufacturer, the Wharton Borough School District, and Sunset Printing and Engraving. Commutes are fairly long, and only a small part of the workforce works from home.
Things to do. Lake Hopatcong, a large reservoir, is a short drive away and is the nearest big stretch of open water. The Whippany River is also a short drive off. For a longer outing, The Newark Museum of Art is a museum a longer drive away, and MetLife Stadium is the best known of the sports venues in the area.
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- 3,059households
- 29%of adults have a degree
- 32 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Morris County had 301,376 jobs in 2025, 0.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 21°; warmest in July, with highs near 85° and lows near 64°. About 49 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Boonton Southeast weather station, 9 miles away (NOAA).
Largest workplaces in Wharton
- Dimensional MerchandisingCosmetic kit assembling and packaging services500
- Refresco WhartonBeverages, fruit and vegetable juice, manufacturing210
- Wharton Borough School DistrictSchool district135FTE
- Sunset Printing and EngravingCommercial lithographic printing37
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 747 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
- Winter weatherRelatively high
- Strong windRelatively high
- Cold wavesRelatively high
- LightningRelatively moderate
- Inland floodingRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Wharton’s census tracts, against the rest of the country; all of them together, relatively low. 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 Morris County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Wharton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Wharton$487,156
- New Jersey$575,123
- United States$366,157
Sellers are cutting prices on about 1 in 4 Wharton listings, and the typical home goes pending in 24 days — the market is cooling.
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
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Wharton24.93%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Wharton43
New listings per month
Sellers arriving at the market.
- Wharton15
Zip codes with a Wharton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Wharton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.