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Far Hills

Learn about the people, housing, costs and businesses in Far Hills, New Jersey

Median Home$792,100
Median Rent$1,554/month
Population948
Leading IndustriesEducation · Professional Services · Healthcare4% education
Home Value Growth⬆⬆+19.0% over 2 years
Retirees28% of residentswell above average
Homeowners87% of occupied units
NotableTransit96/100 · excellent transit access
NotableHigh Incomes$143k/year · top 5% nationally
Far Hills
NJ

Frequently Asked Questions

What are today's mortgage rates in Far Hills?

As of today, the 30-year fixed mortgage rate for Far Hills is approximately 6.867% (6.902% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Far Hills?

The median home value in Far Hills is $792k. The median monthly rent is $1,554. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Far Hills?

Home values in Far Hills have increased 19.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Far Hills?

Based on a typical all-in ownership cost of $2,445/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $105k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Far Hills is $143k/year.

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What industries drive the economy in Far Hills?

The largest employment sectors in Far Hills are public administration (18%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.