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Millington CDP, NJ

ZIP 07946 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07946

Median Home Value
$754,600
Median Rent
$3,319
Affordability Snapshot
$208,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,847/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07946 in Millington CDP, NJ, a household would need roughly $208,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,847. That is roughly in line with the local median household income ($213,393). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
94.2%+44% vs US avg
x
Vacancy Rate
3.4%-67% vs US avg
x
Broadband Access
97.1%+12% vs US avg
x
4+ Bedrooms
13.8%-7% vs US avg
x
Built Pre-1939
6.8%-47% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
51.1%+34% vs US avg
x
$754,600
Home Value
$3,319
Rent
1970
Year Built
2002
Moved In

Residents have lived here since ~2002 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached88.9%
  • 1-unit attached10.4%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$754,600
Median rent$3,319
Owner-occupied94.2%
Vacant3.4%
Price-to-income3.5x
Est. income to buy$208,000