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Mendham

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

Median Home$819,800
Median Rent$3,501/month
Population4,973
Leading IndustriesRetail · Healthcare · Public Administration17% retail
Home Value Growth⬆⬆+13.6% over 2 years
Retirees21% of residentsslightly above average
Homeowners86% of occupied units
NotableHigh Incomes$212k/year · top 2% nationally
NotableHighly Educated23% bachelor's · 12% graduate · top 25% nationally
Mendham Borough
NJ

Frequently Asked Questions

What are today's mortgage rates in Mendham?

As of today, the 30-year fixed mortgage rate for Mendham is approximately 6.796% (6.829% 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 Mendham?

The median home value in Mendham is $820k. The median monthly rent is $3,501. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mendham?

Home values in Mendham have increased 13.6% 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 Mendham?

Based on a typical all-in ownership cost of $3,894/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $167k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mendham is $212k/year.

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What industries drive the economy in Mendham?

The largest employment sectors in Mendham are public administration (25%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.