Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank 55-07976, New Vernon, NJ

07976, New Vernon, NJ

07976, New Vernon, NJ

Median Home Price: $2,701,885
Average Days On Market: 144
Number Of Homes On The Market: 23

real estate – home value estimator and recent home sales
Sample recent home sales in NEW VERNON, NJ (zip code 07976):

15 WOODLAND RD: $500,000 on 2012-06-15

New Vernon is an unincorporated community located in Harding Township in Morris County, New Jersey, United States. The village is within the boundaries of Harding Township along with a portion of Green Village. It is the location of the governmental offices for Harding Township. The area is served as United States Postal Service ZIP code 07976 which is identified as being New Vernon.
As of the 2000 United States Census, the population for Zip Code Tabulation Area 07976 was 729.
Forbes magazine ranked New Vernon, New Jersey — ZIP code 07976 — as one of the 25 most “expensive” zip codes in the country.

Notable current and former residents of New Vernon include:
William O. Baker (1915–2005), chairman of Bell Laboratories.
Geraldine Rockefeller Dodge (1882–1973), philanthropist, the first woman invited to judge for the Westminster Kennel Club, a founder of the Seeing Eye Foundation, Saint Hubert’s at Giralda, and the Morris and Essex Dog Club; daughter of William Avery Rockefeller, Jr.
Marcellus Hartley Dodge, Sr. (1881–1963), philanthropist, chairman of Remington Arms Company, president of the Y.M.C.A., and the founder of the Spring Valley Hounds and its horse show; grandson of William E. Dodge Sr. a founder of Phelps, Dodge, and Company, a United States congressman (1866–67), and founding member of the Young Men’s Christian Association in the United States.
Justin Gimelstob (born 1977), professional tennis player.
Kerry Kittles, guard for the New Jersey Nets from 1996-2004.
Eric Mangini, head coach of the Jets from 2005-2008.
C. Cornell Remsen, Jr., former vice president of ITT[disambiguation needed], in Manhattan
Frederick T. van Beuren, Jr. (1875–1943), president of Morristown Memorial Hospital (1933-1943) , associate dean of the College of Physicians and Surgeons at Columbia University, officer of the New York Academy of Medicine, researcher at Presbyterian Hospital in Manhattan, contributor to the Annals of Surgery and many other medical journals

County: Morris County, NJ

Estimated zip code population in 2011: 800
Zip code population in 2010: 754
Zip code population in 2000: 729

Recent home sales, real estate maps, and home value estimator for zip code 07976

Houses and condos: 301
Renter-occupied apartments: 9
% of renters here: 3%
State: 35%

Mar. 2012 cost of living index in zip code 07976: 126.6 (high, U.S. average is 100)

Land area: 7.0 sq. mi.
Water area: 0.4 sq. mi.
Population density: 114 people per square mile

(very low).

Real estate property taxes paid for housing units in 2011:
This zip code: 1.0% ($9,830)
New Jersey: 2.2% ($7,042)

Median real estate property taxes paid for housing units with mortgages in 2011: $9,213 (0.9%)
Median real estate property taxes paid for housing units with no mortgage in 2011: $10,001 (1.0%)

Median value of housing units with mortgages in 2010:
This zip code: $1,000,001
New Jersey: $358,800

Median value of housing units with no mortgage in 2010:
This zip code: $1,000,000
New Jersey: $326,900

Median price asked for vacant for-sale houses and condos in 2010:
This zip code: $1,255,183
New Jersey: $383,389

Mean price in 2010:
Detached houses: $928,299 (216% of state mean)
Townhouses or other attached units: $730,836 (256% of state mean)
In 5-or-more-unit structures: $546,257 (200% of state mean)

Estimated number of vacant for-rent houses and condos in 2010: 11

Zip code 07976 compared to state average:
Median household income significantly above state average.
Median house value significantly above state average.
Black race population percentage significantly below state average.
Hispanic race population percentage significantly below state average.
Median age above state average.
Foreign-born population percentage significantly below state average.
Renting percentage significantly below state average.
Number of rooms per house significantly above state average.
Number of college students below state average.
Percentage of population with a bachelor’s degree or higher above state average.

100% rural population.

Estimated median house/condo value in 2011: $1,000,001
07976: $1,000,001
New Jersey: $324,900

Median resident age:
This zip code: 43.9 years
New Jersey median age: 39.2 years

Average household size:
This zip code: 2.8 people
New Jersey: 2.7 people

Estimated median household income in 2011:
This zip code:
$217,500
New Jersey:
$67,458

Housing units in zip code 07976 with a mortgage: 211 (64 home equity loan)
Houses without a mortgage: 68

Median monthly owner costs for units with a mortgage: $4,001
Median monthly owner costs for units without a mortgage: $1,001

Residents with income below the poverty level in 2011:
This zip code: 15.1%
Whole state: 10.4%

Residents with income below 50% of the poverty level in 2011:
This zip code: 14.0%
Whole state: 5.6%

Median number of rooms in houses and condos:
Here: 9.0
State: 6.8

Median number of rooms in apartments:
Here: 5.4
State: 4.0

Notable location:
New Vernon Volunteer Fire Department (A).

Streams, rivers, and creeks: Primrose Brook (A)
Loantaka Brook (B)

Park in zip code 07976:
Great Swamp National Wildlife Refuge (1)

Tourist attraction:
Harding Township Historical Society – Office-Archives- Tunis-Ellicks H (Cultural Attractions- Events- & Facilities; Village Road & Millbro)

Estimate of home value of owner-occupied houses/condos in 2011 in zip code 07976:
$300,000 to $399,999: 14
$500,000 to $749,999: 30
$750,000 to $999,999: 45
$1,000,000 or more: 190

Rent paid by renters in 2011 in zip code 07976:
No cash rent: 9
Median price asked for vacant for-sale houses and condos in 2011: $850,163.
Estimated median house (or condo) value in 2011 for:
White Non-Hispanic householders: $912,125

Estimated median house or condo value in 2011: $1,000,001
07976: $1,000,001
New Jersey: $324,900
Lower value quartile – upper value quartile: $893,100 – $1,000,001
Mean price in 2011:
Detached houses: $1,077,151
Here: $1,077,151
State: $404,785

Races in zip code 07976:
White population: 710
Black population: 0
American Indian population: 0
Asian population: 19
Native Hawaiian and Other Pacific Islander population: 0
Some other race population: 0
Two or more races population: 13
Hispanic or Latino population: 12

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