New Vernon

Population: 791
Median home value: $1,606,500

Located in Morris County, New Jersey, New Vernon is a community with a population of 791. Its median home value of $1,606,500 runs above the Morris County figure of $557,000.

Between 2020 and 2023, New Vernon's population declined 7.1% from 851 to 791, while its median home value fell 19.7% from $2,000,001 to $1,606,500.

75.0% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 59.7% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 791
Median age: 50.2 yrs
Median household income: —
Median home value: $1,606,500
Median gross rent: $3,205
Housing units: 310
Homeownership rate: 59.7%
Bachelor's degree or higher: 75.0%
Unemployment rate: 0.0%

Trends

ACS 5-year · 2019–2023

Population

851791

Median household income

$65,000$100,844

Median home value

$2,000,001$1,606,500

Median gross rent

$2,417$3,205

Year	Population	Median household income	Median home value	Median gross rent
2020	851	$65,000	$2,000,001	$2,417
2021	837	$93,235	$2,000,001	—
2022	869	$100,844	$2,000,001	—
2023	791	—	$1,606,500	$3,205

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 50.0%

5 to 1725.3%

18 to 247.3%

25 to 347.8%

35 to 447.1%

45 to 5413.9%

55 to 6419.5%

65 to 7417.2%

75 and over1.9%

	Count	Share
Under 5	0	0.0%
5 to 17	200	25.3%
18 to 24	58	7.3%
25 to 34	62	7.8%
35 to 44	56	7.1%
45 to 54	110	13.9%
55 to 64	154	19.5%
65 to 74	136	17.2%
75 and over	15	1.9%

Race & ethnicity

	Count	Share
White (non-Hispanic)	720	91.0%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	0	0.0%
Hispanic or Latino (any race)	71	9.0%

Educational attainment (age 25+)

No high school diploma0.0%

High school graduate7.5%

Some college or associate's17.4%

Bachelor's degree43.0%

Graduate or professional degree32.1%

	Count	Share
No high school diploma	0	0.0%
High school graduate	40	7.5%
Some college or associate's	93	17.4%
Bachelor's degree	229	43.0%
Graduate or professional degree	171	32.1%

Commute to work

Mean travel time to work: 36 min

Drove alone74.2%

Carpooled0.0%

Public transit11.1%

Walked0.0%

Bicycle0.0%

Worked from home14.6%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	213	74.2%
Carpooled	0	0.0%
Public transit	32	11.1%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	42	14.6%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	14	5.7%
15 to 29 min	99	40.4%
30 to 44 min	78	31.8%
45 to 59 min	10	4.1%
60+ min	44	18.0%

Households

Average household size: 2.55
Poverty rate: 11.6% (92 of 791)

	Count	Share
Family households	297	95.8%
Nonfamily households	13	4.2%

Housing

Median year structure built: 1951

Occupancy

	Count	Share
Occupied	310	100.0%
Vacant	0	0.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	185	59.7%
Renter-occupied	125	40.3%

1-unit, detached100.0%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	310	100.0%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3452020
Type (LSAD): 57
Land area: 3.55 sq mi
Water area: 0.01 sq mi
Center point: 40.7389, -74.4805