Why New Milford, NJ?
New Milford is an affordable family community along the Hackensack River. At $480K, it offers Bergen County living at a price point accessible to first-time buyers and young families. The borough shares borders with Bergenfield, Dumont, and Teaneck, providing access to their commercial amenities. The Hackensack River provides recreational opportunities and natural beauty.
New Milford Real Estate Market in 2026
New Milford homes sell in 22 days at a $480K median, appreciating at 7.1%. Capes, colonials, and split-levels from the 1950s to 1960s dominate.
Best Neighborhoods in New Milford
2 distinct neighborhoods, each with its own character and price range
River Road Area
$450,000 to $575,000Near the Hackensack River. Established homes with river proximity.
Boulevard Area
$425,000 to $525,000Near the commercial corridor. More affordable and walkable.
Commuting from New Milford to NYC
Source: NJ Transit schedules, June 2026. Peak hour commute times.
Walkability and Livability in New Milford
How easy is it to live car-free or car-light in New Milford?
New Milford Schools and Ratings
New Milford Public Schools serves approximately 2,200 students. New Milford High School (the Knights) serves the community.
Source: NCES CCD 2023 to 2024, NJDOE NJSLA 2024 to 2025
Bertrand F. Gibbs Elementary School
David E. Owens Middle School
Berkley Street School
New Milford High School
New Milford vs Neighboring Towns: Cost Comparison
| City | Median Price | Tax Rate | Annual Tax | NYC Commute |
|---|---|---|---|---|
| New Milford | $480,000 | 2.91% | $11,567 | 35 min |
| Bergenfield | $520,000 | 2.89% | $12,345 | 35 min |
| Dumont | $490,000 | 2.98% | $11,789 | 38 min |
Where to Eat in New Milford
Local
New Bridge Road and Boulevard offer casual dining and neighborhood restaurants.
Parks and Recreation in New Milford
Hackensack River Park
Riverfront park with walking paths and nature areas.
Memorial Park
Borough park with sports fields and recreation.
New Development and Growth in New Milford
River Road Improvements
Enhancements along the Hackensack River corridor.
History of New Milford, NJ
Incorporated in 1922 from Palisades Township.
The New Bridge Landing historic site, where the Hackensack River is crossed, played a role in the Revolutionary War.
The borough's name comes from Milford, Connecticut, home of early settlers.
Safety in New Milford
New Milford is a safe community with low crime rates.
Notable Residents
Annual Events and Festivals
Frequently Asked Questions About New Milford, NJ
What is the median home price in New Milford, NJ?
The median home price is $480,000 as of 2026, with 7.1% year-over-year appreciation. Average $305/sqft, selling in 22 days.
How long is the commute from New Milford to NYC?
35 minutes via NJ Transit from on the Bus to GWB Terminal. Transfer required.
What are property taxes in New Milford, NJ?
Tax rate is 2.91%. Average homeowner pays $11,567/year. At the median price of $480,000, expect about $13,968/year.
What are the best neighborhoods in New Milford?
River Road Area ($450,000 to $575,000). Boulevard Area ($425,000 to $525,000). See the full guide above for all 2 neighborhoods.
Is New Milford safe?
New Milford is a safe community with low crime rates.
How walkable is New Milford, NJ?
Walk Score of 48, rated "Car-Dependent." Median income $82,000, median age 40.2. 28% renter-occupied.
Ready to Find Your Home in New Milford?
Talk to a Premier Homes agent who knows New Milford inside and out. We have been serving this community for over 30 years.