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New Milford borough, NJ

ZIP 07646 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07646

Median Home Value
$554,800
Median Rent
$1,655
Affordability Snapshot
$153,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,564/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07646 in New Milford borough, NJ, a household would need roughly $153,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,564. That is about 35% above the local median household income ($113,513), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics

Historic housing stock (26% built before 1939)

Owner Occupied
62.7%-4% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
96.4%+11% vs US avg
x
4+ Bedrooms
5.7%-61% vs US avg
x
Built Pre-1939
25.6%+100% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
21.1%-58% vs US avg
x
Mortgage-Free
35.2%-8% vs US avg
x
$554,800
Home Value
$1,655
Rent
1953
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.7%
  • 1-unit attached1.5%
  • 2-9 units28.3%
  • 10+ units5.3%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$554,800
Median rent$1,655
Owner-occupied62.7%
Vacant4.2%
Price-to-income4.9x
Est. income to buy$153,000