Far Hills, NJ

This borough of 999 residents needs 37 more housing units over the next five years. Far Hills is part of the North Jersey Transportation Planning Authority.

Housing snapshot

Population
999 (2026)
Households
455
Median household income
$163,184 (2026)
Typical home value
$1,461,910
Owner-occupied
82%
Five-year housing need
37 units

Comparison to other New Jersey municipalities

Far Hills: $163,184 Median income (2026 estimate)
<$46K >$255K
Far Hills: None jobs to household ratio
<0.11 >2.52
Far Hills: No permit data
<0% >12.6%
On this page

How affordable is this community?

The typical home in Far Hills, NJ is valued at $1,461,910, well above the New Jersey average of $576,578. With a median household income of $163,184 in Far Hills, NJ, the typical home is far out of reach for most households, requiring roughly $211,207 more in annual income to afford.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 455 households, Far Hills, NJ is growing modestly at 0.5% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

In Far Hills, NJ, detached single-family accounts for 57% of the housing stock. Far Hills, NJ is a strongly owner-occupied community, with 82% of households owning their home.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?