HomeNew JerseyBergen CountyNew Milford
New Milford, New Jersey: commercial real estate data.
New Milford is a Census borough of 16,995 people across 2.28 square miles of land, in Bergen County. Median household income is $114,889, 61.4 percent of occupied homes are owned, and the SBA record carries 14 7(a) approvals to borrowers here worth $1.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
New Milford
What New Milford is
- Census place typeborough
- Land area2.28 sq mi
- Water area0.04 sq mi
- Population per square mile of land7,444
- County holding the largest share of its areaBergen County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
How many people live in New Milford
- Population16,995
- Median age39.6
- Population under 183,784
- Share under 1822.3 percent
- Population 65 and over2,876
- Share 65 and over16.9 percent
- Households6,216
- Family households4,295
- Share of households that are families69.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
Income and work in New Milford
- Median household income$114,889
- Per capita income$51,401
- Civilian labor force9,275
- Employed8,680
- Unemployed595 plus or minus 233
- Unemployment rate6.4 percent plus or minus 2.5
- Adults 25 and over11,842
- Adults 25 and over with a high school diploma or higher94.8 percent
- Adults 25 and over with a bachelor degree or higher47.4 percent
- Adults 25 and over with a graduate degree15.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
Housing in New Milford
- Housing units6,376
- Occupied units6,216
- Vacant units160 plus or minus 105
- Vacancy rate2.5 percent plus or minus 1.6
- Owner occupied3,814
- Renter occupied2,402
- Ownership rate61.4 percent
- Median owner-occupied home value$580,400
- Median gross rent, monthly$1,765
- Annual rent as a share of median income18.4 percent
- Single family units4,020
- Share single family63.0 percent
- Units in buildings of two or more2,346
- Share in buildings of two or more36.8 percent
- Mobile homes10 plus or minus 16
- Median year structure built1954
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
How New Milford gets to work
- Workers 16 and over who commute6,988
- Commuting under 15 minutes1,268
- Share commuting under 15 minutes18.1 percent
- Commuting 30 minutes or more2,880
- Share commuting 30 minutes or more41.2 percent
- Drove alone61.3 percent
- Carpooled10.3 percent plus or minus 2.8
- Public transport7.5 percent plus or minus 2.4
- Walked0.5 percent plus or minus 0.5
- Worked from home16.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
SBA loans in New Milford (7(a))
- Approvals14
- Gross approval$1,751,000
- Average approval$125,071
- Median approval$52,000
- Largest approval$798,000
- Jobs supported43
- Jobs per approval3.1
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more7.1 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS10
Counted by borrower city: approvals to borrowers whose address is in New Milford, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Milford
Flood risk in New Milford
- NFIP communityBorough of New Milford
- NFIP community number340054
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date08/28/19
The Borough of New Milford participates in the National Flood Insurance Program as community 340054 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Bergen County, not New Milford
Bergen County context, not New Milford figures
- Establishments in Bergen County31,818
- Covered employment, Bergen County438,240
- Average annual pay, Bergen County$80,639
- Housing units permitted, Bergen County3,329
Every figure in this section is published for Bergen County as a whole and is not a measurement of New Milford.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
New Milford questions, answered from the record.
How many people live in New Milford, New Jersey?
16,995, in 6,216 households. New Milford borough covers 2.28 square miles of land, which is 7,444 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Milford in?
Bergen County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Milford?
$114,889. The median owner-occupied home is valued at $580,400. Median gross rent is $1,765 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Milford businesses?
14 7(a) approvals totaling $1.8 m since FY2020, across 4 lenders, median approval $52,000. These count approvals to borrowers whose address is in New Milford, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Milford borrowers get paid back?
No rate is published for New Milford. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is New Milford in the National Flood Insurance Program?
Yes. New Milford appears in the FEMA Community Status Book as New Milford, borough of, community 340054, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page New Milford figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Bergen County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Milford.
Is zoning published for New Milford?
No. Nothing on this page presents parcel level zoning.