Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.0 yrs |
|---|---|
| Avg HH Size | 2.61 |
| Below Poverty | 4.8% ▼ 52% below avg |
| College Grads | 73.5% ▲ 90% above avg |
| Unemployment | 7.0% ▲ 44% above avg |
| No HS Diploma | 18 (0.8%) |
| HS Graduate | 337 (14.9%) |
| Some College | 110 (4.9%) |
| Associates | 132 (5.9%) |
| Bachelors | 127 (5.6%) |
| Graduate Degree | 1,531 (67.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $159,013 ▲ 108% above avg |
|---|---|
| Median Home Value | $1,084,200 ▲ 289% above avg |
| Home/Income Ratio | 6.8x (nat avg ~3.5x) |
| Median Rent | $3,469/mo |
| Total Housing Units | 1,405 |
| Vacant Units | 166 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Far Hills is a city in New Jersey, located in Somerset County. The city spans 1 ZIP code and is home to approximately 3,271 residents. It is a mature city, with a median age of 47 years.
Economically, Far Hills is a affluent community. The median household income of $159,013 is more than double the national average. Approximately 4.8% of residents live below the poverty line. The unemployment rate is 7.0%, above the national average.
The real estate market in Far Hills is among the most expensive housing markets in the country. Median home values stand at $1,084,200, which is more than double the national average. Renters typically pay around $3,469 per month. Homeownership is high at 84.2%, typical of suburban and family-oriented communities.
The population of Far Hills is highly educated. 73.5% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (78.08%).
Far Hills, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07931 | 3,271 | $159,013 | $1,084,200 | $3,469 | 7.0% | 73.5% | 84.2% |