Baristanet Real Estate Guide: Millburn

Millburn Township, which includes the tony hamlet of Short Hills, is famous for top-rated public schools, high-end shopping mall, and pricey housing stock. Wall-street types and other young professionals are drawn to the family-friendly atmosphere and proximity to New York City. The township also has one of the largest Jewish populations in Essex County. In addition to The Mall at Short Hills, the downtown shopping district thrives with a healthy mix of chains and mom-and-pop shops. In the same day, residents can hike or bike in South Mountain Reservation and take in some live theater at The Paper Mill Playhouse. Two train stations and numerous bus lines, plus easy access to highways, make Millburn an excellent choice for commuters.

On the market

Home prices range from $262,000 (one bedroom; one bath condo in Millburn) to $9,395,000 (7 bedroom, 4 full, 2 half bath home with 4 car garage). Of 96 homes on the market in late fall, 26 homes were listed between $1 million and $2 million and 24 between $2 million and $3 million.

Susan Hunter of Lois Schneider Realtor says Millburn is always a strong market because of its proximity to New York City, its location along the Midtown Direct train line — serving both lower Manhattan and Midtown — and its top-rated schools. Millburn High School is consistently rated one of the top high school in the state. Taxes are also lower in Millburn than other Essex County towns because Millburn boasts more ratables, including the Mall at Short Hills.

Taxes
Average taxes on a $500,000 home are $11,000.

Vital statistics
Population
20,149 people (2010 Census data)
Demographics: 77.1% white, 1.6% black, 15.7% Asian, 3.5% Latino.
Income: The median income for a household was $178,514 (based on 2000-2009 U.S. Census data, plus inflation), and the median income for a family was $202,365.
Voted in 2008 Election: Obama 58.57%, McCain 39.81%
NJ Monthly High School Ranking: 1(2010); 1(2008)
Schools: South Mountain, Hartshorn, Glenwood, Deerfield and Wyoming Elementary Schools, Millburn Middle School, Millburn Senior High School.

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2 COMMENTS

  1. “Average taxes on a $500,000 home are $11,000.”

    Are you sure about that? I thought Millburn had one of the highest property tax rates in the state, and yet, those taxes are the same as homes in Bloomfield and West Orange that go for half the price of that house. Or do property taxes full under the realm of the Bush tax cut?

  2. Millburn actually has one of the lowest tax rates in Essex County, due to the ratables of the MaSH and downtown Millburn. However, it has one of the highest average property taxes though, because it has a lot of expensive houses.

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