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Florham Park, NJ Housing

 
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As of 2010-2014, median price of a house in Florham Park is $612,400, which is much higher than the state average of $319,900 and is much higher than the national average of $175,700. The Florham Park median house value has grown by 89.95% since 2000. The growth rate for the price of a house in Florham Park is higher than the state average rate of 87.30% and is much higher than the national average rate of 46.91%. The median year that a house in Florham Park was built is 1978, which is newer than the median year for a house built in the state which is 1966 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 2,916 Owner Occupied Houses in Florham Park, NJ, #60
Florham Park, NJ
612,400 USD
New Jersey
319,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #191
Florham Park, NJ
89.95%
New Jersey
87.30%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Florham Park, NJNew JerseyU.S.
Total Housing Units4,165, see rank, 100%3,572,138132,741,033
Occupied Housing Units3,974, 95.41%, see rank89.26%87.55%
Owner Occupied2,916, 70.01%, see rank58.06%56.34%
Renter Occupied1,058, 25.40%, see rank31.20%31.21%
Vacant Housing Units191, 4.59%, see rank10.74%12.45%
For Rent78, 1.87%, see rank2.18%2.34%
For Sale Only45, 1.08%, see rank1.02%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank0.70%0.92%
For Seasonal, Recreational, or Occasional Use56, 1.34%, see rank3.72%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant12, 0.29%, see rank3.11%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #78
Florham Park, NJNew JerseyU.S.
197819661976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Florham Park, NJ%New JerseyU.S.
Owner-Occupied Units2,916100%2,073,91574,787,460
With a Mortgage1,87964.44%, see rank69.83%65.58%
Without a Mortgage1,03735.56%, see rank30.17%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Florham Park, NJ
2,967 USD
New Jersey
2,428 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsFlorham Park, NJ%New JerseyU.S.
$299 or Less00.00%, see rank0.04%0.20%
$300 to $49900.00%, see rank0.35%1.59%
$500 to $69900.00%, see rank0.83%5.01%
$700 to $999110.59%, see rank2.80%14.32%
$1,000 to $1,49919610.43%, see rank11.13%27.90%
$1,500 to $1,99927714.74%, see rank17.94%20.35%
$2,000 to $2,99947525.28%, see rank36.29%19.52%
$3,000 or More92048.96%, see rank30.63%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Florham Park, NJ
23.30% of the Total Income
New Jersey
27.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Florham Park, NJ%New JerseyU.S.
10% or Less1045.53%, see rank3.98%5.86%
10% to 20%68936.67%, see rank23.73%31.95%
20% to 30%42922.83%, see rank28.42%27.64%
30% to 40%22011.71%, see rank16.62%13.74%
40% or More43723.26%, see rank26.85%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Florham Park, NJ
1,001 USD
New Jersey
972 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsFlorham Park, NJ%New JerseyU.S.
$199 or Less00.00%, see rank1.19%7.76%
$200 to $29980.77%, see rank1.66%14.70%
$300 to $499292.80%, see rank6.42%34.63%
$500 to $699444.24%, see rank13.17%21.16%
$700 or More95692.19%, see rank77.56%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Florham Park, NJ
16.20% of the Total Income
New Jersey
18.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Florham Park, NJ%New JerseyU.S.
10% or Less25824.88%, see rank21.71%40.19%
10% to 20%37436.07%, see rank32.37%31.47%
20% to 30%18217.55%, see rank16.94%12.24%
30% to 40%514.92%, see rank9.46%5.64%
40% or More17216.59%, see rank18.56%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Florham Park, NJNew JerseyU.S.
Total Housing Units4,165, 100%3,572,138132,741,033
1-unit, Detached2,529, 60.72%, see rank53.67%61.65%
1-unit, Attached677, 16.25%, see rank9.26%5.82%
2 Units77, 1.85%, see rank9.53%3.75%
3 or 4 Units150, 3.60%, see rank6.43%4.43%
5 to 9 Units158, 3.79%, see rank4.80%4.78%
10 or More Units574, 13.78%, see rank15.34%13.08%
Mobile Home, Boat, RV, Van, etc.0, 0.00%, see rank0.98%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Florham Park, NJNew JerseyU.S.
Total Housing Units4,165, 100%3,572,138132,741,033
1 Room117, 2.81%, see rank2.71%1.95%
2 Rooms36, 0.86%, see rank2.15%2.48%
3 Rooms420, 10.08%, see rank10.30%9.13%
4 Rooms394, 9.46%, see rank15.19%16.60%
5 Rooms498, 11.96%, see rank16.72%20.41%
6 Rooms416, 9.99%, see rank16.15%18.06%
7 Rooms484, 11.62%, see rank12.48%12.27%
8 Rooms634, 15.22%, see rank10.49%8.48%
9 Rooms or More1,166, 28.00%, see rank13.81%10.60%
Median Rooms6.90, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Florham Park, NJNew JerseyU.S.
Total Housing Units4,165, 100%3,572,138132,741,033
No Bedroom117, 2.81%, see rank2.88%2.17%
1 Bedroom409, 9.82%, see rank14.18%11.16%
2 Bedrooms941, 22.59%, see rank25.93%26.69%
3 Bedrooms1,133, 27.20%, see rank32.62%39.70%
4 Bedrooms1,280, 30.73%, see rank18.83%16.05%
5 or More Bedrooms285, 6.84%, see rank5.56%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Florham Park, NJNew JerseyU.S.
Total Housing Units3,974, 100%3,188,498116,211,092
Utility Gas3,605, 90.71%, see rank74.16%48.85%
Bottled, Tank, or LP Gas36, 0.91%, see rank1.94%4.86%
Electricity283, 7.12%, see rank11.66%36.68%
Fuel Oil, Kerosene, etc.50, 1.26%, see rank11.10%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood0, 0.00%, see rank0.44%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel0, 0.00%, see rank0.32%0.47%
No Fuel Used0, 0.00%, see rank0.32%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalFlorham Park, NJNew JerseyU.S.
Occupied Units Paying Rent1,058, 100%1,077,46339,201,928
$199 or Less0, 0.00%, see rank1.46%1.50%
$200 to $2990, 0.00%, see rank3.04%3.18%
$300 to $4990, 0.00%, see rank3.86%7.37%
$500 to $69916, 1.51%, see rank4.64%16.01%
$700 to $999120, 11.34%, see rank19.19%29.17%
$1,000 to $1,499234, 22.12%, see rank40.89%26.88%
$1,500 to $1,999117, 11.06%, see rank17.11%9.79%
$2,000 or More571, 53.97%, see rank9.81%6.10%
Median$2,001, see rank$1,188$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Florham Park, NJNew JerseyU.S.
Occupied Housing Units3,974, 100%3,188,498116,211,092
No Vehicles Available248, 6.24%, see rank11.70%9.12%
1 Vehicles Available1,110, 27.93%, see rank34.71%33.80%
2 Vehicles Available1,907, 47.99%, see rank36.16%37.48%
3 or More Vehicles Available709, 17.84%, see rank17.43%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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