House Prices

Downtown Millburn Millburn, NJ House Prices & Home Values 2026


Average Data

average house price$478,682
average size per house1675 ft²
average price per ft²272 $ / ft²

05/23/2026 - The value range (VR) for house prices in Downtown Millburn Millburn, NJ is $258.4/ sqft to $285.6/ sqft. An average home with 1675 sqft costs approximately $411,179 to $454,462. Millburn, NJ includes 1 ZIP codes and it is located in Essex county. The lowest prices are found in ZIP 07041, while the highest are in ZIP 07041. The average price per sqare feet is $272. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Downtown Millburn Millburn

07041323 $ / ft²




Historical development of home values in Downtown Millburn Millburn

Year Estimated value (USD) Change vs. 2025
2010 $222,309 -53.6%
2011 $213,712 -55.4%
2012 $213,136 -55.5%
2013 $221,103 -53.8%
2014 $232,097 -51.5%
2015 $244,009 -49.0%
2016 $256,743 -46.4%
2017 $270,601 -43.5%
2018 $285,561 -40.3%
2019 $298,802 -37.6%
2020 $314,249 -34.4%
2021 $357,424 -25.3%
2022 $416,676 -13.0%
2023 $439,404 -8.2%
2024 $464,825 -2.9%
2025 $478,682 0.0%

Graph: estimated home values in Downtown Millburn Millburn over time (USD)



Example: 100% financing house in Downtown Millburn Millburn

Loan amount: $478,682

Interest rate: 5.70%

Fixed monthly payment: $2,778.27

Breakdown in the 1st month:
Interest portion: $2,273.74  –  Principal portion: $504.53

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $27,124.17 $6,215.10 $472,466.90
2 $26,760.51 $6,578.76 $465,888.14
3 $26,375.57 $6,963.70 $458,924.44
4 $25,968.10 $7,371.17 $451,553.27
5 $25,536.79 $7,802.48 $443,750.79
6 $25,080.24 $8,259.03 $435,491.76
7 $24,596.98 $8,742.29 $426,749.48
8 $24,085.45 $9,253.82 $417,495.66
9 $23,543.98 $9,795.29 $407,700.37
10 $22,970.83 $10,368.44 $397,331.92
11 $22,364.14 $10,975.13 $386,356.79
12 $21,721.95 $11,617.32 $374,739.48
13 $21,042.19 $12,297.08 $362,442.39
14 $20,322.65 $13,016.62 $349,425.77
15 $19,561.01 $13,778.26 $335,647.51
16 $18,754.80 $14,584.47 $321,063.05
17 $17,901.42 $15,437.85 $305,625.20
18 $16,998.11 $16,341.16 $289,284.04
19 $16,041.94 $17,297.33 $271,986.70
20 $15,029.82 $18,309.45 $253,677.26
21 $13,958.48 $19,380.79 $234,296.47
22 $12,824.45 $20,514.82 $213,781.65
23 $11,624.07 $21,715.20 $192,066.45
24 $10,353.45 $22,985.82 $169,080.63
25 $9,008.48 $24,330.79 $144,749.84
26 $7,584.81 $25,754.45 $118,995.38
27 $6,077.84 $27,261.42 $91,733.96
28 $4,482.70 $28,856.57 $62,877.39
29 $2,794.21 $30,545.05 $32,332.34
30 $1,006.93 $32,332.34 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Downtown Millburn Millburn, NJ


1500 sqft3900 sqft
Ø selling price$468,996$997,683
Ø fast selling$426,360$897,915
Ø high price sale$511,632$1,097,451

In 2026, houses in Downtown Millburn Millburn, NJ will be offered at an average price of $272 per square foot. A 1,500 sqft home priced at $468,996 is 21.85% more expensive per square foot than a 3,900 sqft home priced at $997,683. Home prices in Downtown Millburn Millburn, NJ vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $690,704. Sellers who can wait longer may achieve a higher price of up to $844,193.


Downtown Millburn, Millburn NJ Neighborhood Guide

Overview

Centered along Millburn Avenue and Main Street, Downtown Millburn in Millburn, NJ blends historic charm with a lively, walkable main-street vibe.
Brick storefronts, tree-lined sidewalks, and pocket plazas create a small-town feel minutes from regional hubs.

Transit and Accessibility

The Millburn train station on NJ Transit?s Morris & Essex Lines offers Midtown Direct service to New York City, making the district highly commuter-friendly.
Convenient metered parking and bike-friendly streets complement easy on-foot access to boutiques, cafes, and daily conveniences.

Shopping and Dining

Locally owned boutiques, artisanal bakeries, and chef-driven restaurants line the corridor, drawing shoppers from neighboring towns.
From morning coffee to date-night dining, the mix of cuisines and specialty shops gives Downtown Millburn all-day energy.

Arts, Parks, and Lifestyle

Cultural anchors like the acclaimed Paper Mill Playhouse bring Broadway-caliber productions, classes, and seasonal programming.
Nearby Taylor Park adds green space with walking paths, playgrounds, and community gatherings right off the main streets.

Homes and Community

Homes surrounding the core range from classic colonials to updated condos, appealing to buyers who value walkability and well-regarded schools.
Year-round events?from street fairs to the Millburn Farmers Market?foster strong neighborhood spirit and steady foot traffic for local businesses.



FAQ – Home Values in Downtown Millburn Millburn

What is the median home value in Downtown Millburn Millburn in 2026?

In 2026, the typical home value in Downtown Millburn Millburn is about $478,682 for an average home size of 1675 square feet. This corresponds to an average price of roughly $272 per square foot.

What is the average cost per square foot in Downtown Millburn Millburn?

In 2026, homes in Downtown Millburn Millburn sell for an average of around $272 per square foot, with a typical range between $258.4 and $285.6 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Downtown Millburn?

The average home size in Downtown Millburn Millburn is about 1675 square feet, with an estimated 2026 value around $478,682.



Neighborhoods close to Downtown Millburn Millburn, NJ

Afterglow Verona, NJ218 $ / ft²
ChangeBridge at Montville Montville, NJ243 $ / ft²
Bergenwood North Bergen, NJ387 $ / ft²
Hilton Maplewood, NJ379 $ / ft²
Riker Hill Livingston, NJ268 $ / ft²
Tremley Linden, NJ270 $ / ft²
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