Home prices
The price of the median home in Bernardsville is $681,500. This is about $65,800 (10%) higher compared to its surrounding areas.In comparison to the entire nation it is approximately $464,000 (213%) higher, and compared to the city of New York is approximately $75,500 (12%) higher.
Rents
In Bernardsville the median rent is $1,787 per month. This is approximately $86 (5%) higher in comparison to its surrounding areas.Compared to the country as a whole it is about $725 (68%) higher, and in comparison to the city of New York is about $344 (23%) higher.
Nearby places
Mendham
Mendham is Bernardsville's neighbor to the north. Housing prices there are fairly similar. The median home in Mendham is valued at $662,300, which is $19,200 (2%) lower than Bernardsville. Rent there is somewhat less expensive. In Mendham the median rent is $1,581 a month, which comes out to $206 (13%) lower than Bernardsville.
Far Hills
Far Hills is Bernardsville's neighbor to the southwest. The real estate prices there are a bit more expensive. The median home in Far Hills is valued at $789,100, which is $107,600 (13%) higher than Bernardsville. Rent there is a bit more expensive. Far Hills's median monthly rent is $2,167, which works out to $380 (17%) higher than Bernardsville.
Peapack and Gladstone
Peapack and Gladstone is Bernardsville's neighbor to the west. Its real estate prices are similar. The cost of the median home in Peapack and Gladstone is $680,900, which is very similar to Bernardsville. Rent there is a little less expensive. In Peapack and Gladstone the median monthly rent is $1,526, which works out to $261 (17%) lower than Bernardsville.
Chester
Chester is roughly 6 miles northwest from Bernardsville. Housing prices there are significantly less expensive. Chester's median home price is $474,200, which comes out to $207,300 (43%) lower than Bernardsville. Rent there is a bit less expensive. Chester's median rent is $1,500 per month, which works out to $287 (19%) lower than Bernardsville.
Morristown
Morristown is about 6 miles northeast from Bernardsville. The housing prices there are substantially less expensive. The median home in Morristown costs $472,000, which comes out to $209,500 (44%) lower than Bernardsville. Its rents are fairly similar. The median monthly rent in Morristown is $1,729, which is $58 (3%) lower than Bernardsville.
