Home prices
The median home value in New Milford is $426,800. Compared to its surrounding areas it is about $85,620 (16%) lower.It is roughly $209,300 (96%) higher in comparison to the entire nation, and it is approximately $179,200 (29%) lower compared to the city of New York.
Rents
In New Milford the median monthly rent is $1,438. It is about $473 (24%) lower in comparison to nearby areas.Compared to the US as a whole it is roughly $376 (35%) higher, and it is is very similar compared to the city of New York.
Nearby places
River Edge
River Edge is New Milford's neighbor to the southwest. Its real estate prices are a little more expensive. The median home in River Edge is valued at $520,800, which works out to $94,000 (18%) higher than New Milford. The rent there is a little more expensive. River Edge's median monthly rent is $1,676, which is $238 (14%) higher than New Milford.
Bergenfield
Bergenfield is New Milford's neighbor to the southeast. Housing prices there are a bit less expensive. The value of the median home in Bergenfield is $358,200, which is $68,600 (19%) lower than New Milford. Rents there are fairly similar. Bergenfield's median monthly rent is $1,420, which works out to $18 (1%) lower than New Milford.
Dumont
Dumont is New Milford's neighbor to the northeast. Real estate prices there are a little less expensive. The price of the median home in Dumont is $376,100, which comes out to $50,700 (13%) lower than New Milford. Rent there is somewhat less expensive. The median monthly rent in Dumont is $1,306, which comes out to $132 (10%) lower than New Milford.
Oradell
Oradell is New Milford's neighbor to the north. The real estate prices there are a bit more expensive. The median home in Oradell costs $615,500, which is $188,700 (30%) higher than New Milford. Its rents are a bit more expensive. In Oradell the median rent is $1,651 a month, which is $213 (12%) higher than New Milford.
Haworth
Haworth is about 2 miles northeast from New Milford. Its real estate prices are substantially more expensive. Haworth's median home value is $691,500, which works out to $264,700 (38%) higher than New Milford. Rent there is substantially more expensive. In Haworth the median rent is $3,501 a month, which comes out to $2,063 (58%) higher than New Milford.
