Home prices
Florham Park's median home value is $645,800. In comparison to the surrounding areas this is about $198,140 (23%) lower.In comparison to the country as a whole it is approximately $428,300 (196%) higher, and is roughly $39,800 (6%) higher compared to the city of New York.
Rents
In Florham Park the median monthly rent is $2,441. Compared to the surrounding areas it is approximately $429 (21%) higher.It is approximately $1,379 (129%) higher compared to the entire country, and it is roughly $998 (69%) higher compared to the city of New York.
Nearby places
Madison
Madison is Florham Park's neighbor to the southwest. Housing prices there are a bit more expensive. Madison's median home cost is $724,700, which comes out to $78,900 (10%) higher than Florham Park. Its rents are significantly less expensive. In Madison the median rent is $1,807 per month, which works out to $634 (35%) lower than Florham Park.
Chatham
Chatham is Florham Park's neighbor to the south. Real estate prices there are a little more expensive. The median home in Chatham is valued at $746,300, which is $100,500 (13%) higher than Florham Park. Rents there are substantially less expensive. The median rent in Chatham is $1,845 per month, which works out to $596 (32%) lower than Florham Park.
Morristown
Morristown is approximately 3 miles west from Florham Park. The real estate prices there are significantly less expensive. Morristown's median home cost is $472,000, which is $173,800 (36%) lower than Florham Park. Its rents are a lot less expensive. In Morristown the median rent is $1,729 a month, which is $712 (41%) lower than Florham Park.
Short Hills
Short Hills is approximately 3 miles southeast from Florham Park. Real estate prices there are significantly more expensive. The median home price in Short Hills is $1,386,600, which comes out to $740,800 (53%) higher than Florham Park. Rent there is somewhat more expensive. Short Hills's median rent is $2,798 a month, which is $357 (12%) higher than Florham Park.
Summit
Summit is approximately 4 miles south of Florham Park. Real estate prices there are a little more expensive. The cost of the median home in Summit is $890,100, which is $244,300 (27%) higher than Florham Park. Rent there is a little less expensive. In Summit the median monthly rent is $1,880, which comes out to $561 (29%) lower than Florham Park.
