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Advertise here →New Vernon, NJ · Market Data
New Vernon, New Jersey real estate market data.
Real estate market data for New Vernon, NJ (Morris County) — Census median home value $1,606,500, county listing prices up about 2.5% over the past year.
New Vernon, NJ is in Morris County, New Jersey — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 791, with a median household income of $-666,666,666. Census data puts New Vernon's median home value at $1,606,500 (all owner-occupied homes); Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
At a glance
New Vernon market snapshot
Population
791
Median Household Income
$-666,666,666
Median Home Value (city)
$1,606,500
Median Listing Price (Morris County)
$742,000
Median Gross Rent
$3,205/mo
Price Trend (YoY)
+2.5%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes New Vernon different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts New Vernon's median home value — across all owner-occupied homes, not just recent sales — at $1,606,500. Separately, Morris County's current median listing price (via Realtor.com data, 2026-06-01) runs $742,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Morris County's FHFA house price index shows a 5.88% annual change in 2025.
Population & Income
New Vernon has an estimated population of 791 and a median household income of $-666,666,666, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
New Vernon's Census-reported median home value works out to about -0.0x the area's median household income, and median gross rent runs roughly -0% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
New Vernon FAQ
What are home values like in New Vernon, NJ?
The Census Bureau's American Community Survey puts New Vernon's median home value at $1,606,500. Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
What is the population of New Vernon, NJ?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts New Vernon's population at approximately 791.
What's the median rent in New Vernon, NJ?
The Census ACS estimates median gross rent in New Vernon at approximately $3,205 per month.
What is the median household income in New Vernon, NJ?
Census ACS data puts the median household income in New Vernon at approximately $-666,666,666.
Is the New Vernon housing market growing?
Morris County's FHFA house price index shows a 5.88% annual change in 2025.
Is New Vernon, NJ affordable relative to income?
Census ACS data puts New Vernon's median home value at about -0.0 times the median household income, with median gross rent equal to roughly -0% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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