Why Live in Florham Park
Florham Park, located in Morris County, offers a small-town atmosphere and is known as the practice site for the New York Jets. The neighborhood is 30 miles from NYC, making it a popular choice for commuters. The area has experienced significant growth over the past 12 years, with new constructions including traditional single-family homes, townhomes, and condos. The housing stock primarily consists of older colonials, cape cods, and split levels, with half-acre lots being common. Florham Park attracts buyers priced out of nearby towns like Summit and Chatham, offering lower property taxes due to its large corporate tax base. Public school students attend highly rated Briarwood Elementary School, Brooklake Elementary School, and Ridgedale Middle School. Local attractions include Elm Street's recreational area, Emmett Park, Florham Park Municipal Pool, and the popular Florham Park Roller Rink. Dining options feature Lucco Cucina + Bar, Nonna’s, and the Thirsty Turtle, while grocery needs are met by Trader Joe’s and Kings Food. The Florham Village Shopping Center hosts Florham Park Pizza and Pure Barre. Although there is no train station, commuters can access NJ Transit stations in neighboring Madison and Chatham. The annual Fourth of July celebration and summer concert series are community highlights. Two universities, Fairleigh Dickinson University and Saint Elizabeth University, have campuses in the area. Florham Park has a crime rate lower than the national average, contributing to its appeal for families and professionals alike.
Frequently Asked Questions
What is the average home price in Florham Park, NJ?
Homes for sale in Florham Park, NJ have an average home price of $1,202,592.
How many homes have sold over the last 12 months in Florham Park, NJ?
120 homes have sold in Florham Park, NJ over the last 12 months.
What are the most popular zip codes in Florham Park, NJ?
How much do you need to make to afford a house in Florham Park?
The median home price in Florham Park is $1,100,000. If you put a 20% down payment of $220,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $5,720 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $245K a year to afford the median home price in Florham Park.
How are the schools in Florham Park, NJ?
Home Trends in Florham Park, NJ
On average, homes in Florham Park, NJ sell after 34 days on the market compared to the national average of 50 days. The median sale price for homes in Florham Park, NJ over the last 12 months is $1,065,500, up 29% from the median home sale price over the previous 12 months.
Median Sale Price
$1,065,500
Median Single Family Sale Price
$1,230,000
Median Townhouse Sale Price
$913,000
Median 2 Bedroom Sale Price
$679,900
Average Price Per Sq Ft
$554
Number of Homes for Sale
9
Last 12 months Home Sales
120
Median List Price
$1,100,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
29%