New Milford

New Milford NJ real estate and town information by Bergen County Realtor Richard Choi

New Milford is a suburban residential community located east of the Hackensack River in central Bergen County. The borough is known for its predominantly single-family homes, its own K–12 public school system, NYC bus service, and access to nearby Pascack Valley Line train stations.

New Milford Overview

CategoryDetails
Official NameBorough of New Milford
CountyBergen County
ZIP Code07646
Municipality TypeBorough
Incorporated1922
Total AreaApproximately 2.32 square miles
Land AreaApproximately 2.28 square miles
Population DensityApproximately 7,413 people per square mile
Major Housing TypesSingle-family homes, condominiums, townhouses, and apartments
Neighboring MunicipalitiesBergenfield, Dumont, Oradell, River Edge, and Teaneck
Major RoadsRiver Road, Boulevard, Madison Avenue, and New Bridge Road
Official WebsiteBorough of New Milford

Population and Household Profile

CategoryStatistics
2025 Estimated Population17,133
2020 Census Population16,923
Total Households6,216
Average Household Size2.70 people
Median Household Income$114,889
Per Capita Income$51,401
Owner-Occupied Housing Rate61.4%
Foreign-Born Population30.1%
Language Other Than English Spoken at Home43.1%
Average Commute Time29.0 minutes
Population Under Age 1822.3%
Population Age 65 and Older16.9%

Race and Ethnicity

Race or EthnicityPercentage
White Alone51.1%
Asian Alone20.3%
Black or African American Alone5.7%
American Indian and Alaska Native Alone0.7%
Two or More Races14.1%
Hispanic or Latino20.5%
White Alone, Not Hispanic or Latino48.9%

Housing and Real Estate

CategoryStatistics
Owner-Occupied Housing Rate61.4%
Median Value of Owner-Occupied Homes$580,400
Median Monthly Owner Cost with a Mortgage$3,335
Median Monthly Owner Cost Without a Mortgage$1,443
Median Gross Rent$1,765
2024 Average Home Sale Price$640,672
2024 Average Residential Assessment$332,718
2024 Average Residential Property Tax$13,425
2024 Recorded Residential Sales70

Schools

CategorySchool or District
School DistrictNew Milford Public School District
Elementary SchoolBerkley Street School
Elementary SchoolBertram F. Gibbs Elementary School
Elementary Grade LevelsKindergarten–Grade 5
Middle SchoolDavid E. Owens Middle School
Middle School Grade LevelsGrades 6–8
High SchoolNew Milford High School
High School Grade LevelsGrades 9–12
District StructureLocal K–12 public school system

Transportation to New York City

CategoryDetails
Passenger Rail StationNone within New Milford
Major NYC Bus RoutesNJ Transit 167 and 177
Primary Bus DestinationPort Authority Bus Terminal
Major Bus CorridorsMadison Avenue, River Road, and New Bridge Road
Nearby Train StationsNew Bridge Landing Station and River Edge Station
Nearby Train LineNJ Transit Pascack Valley Line
Access to New York Penn StationTransfer at Secaucus Junction
Major RoadsRiver Road, Boulevard, and Madison Avenue
Transportation FeatureNYC bus service and access to nearby train stations

Community Amenities

CategoryMajor Amenities
Main Commercial AreasRiver Road and Boulevard
Major Recreation AreaKennedy Memorial Field
Local ParksWilliams Field, Warren Park, and Prospect Park
Nature AreaNew Milford Woods
Walking and Relaxation AreaHardcastle Pond
Swimming FacilityNew Milford Swim Club
LibraryNew Milford Public Library
Senior FacilityNew Milford Senior Center
Nearby ShoppingBergen Town Center and Paramus retail districts
Nearby HospitalsHackensack University Medical Center and Holy Name Medical Center
Community CharacterPredominantly single-family homes, local K–12 schools, and NYC bus access