HomeNew JerseyMiddlesex CountyMilltown
Milltown, New Jersey: commercial real estate data.
Milltown is a Census borough of 7,059 people across 1.55 square miles of land, in Middlesex County. Median household income is $140,960, 82.4 percent of occupied homes are owned, and the SBA record carries 14 7(a) approvals to borrowers here worth $4.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Milltown
What Milltown is
- Census place typeborough
- Land area1.55 sq mi
- Water area0.04 sq mi
- Population per square mile of land4,544
- County holding the largest share of its areaMiddlesex 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.
Milltown
How many people live in Milltown
- Population7,059
- Median age41.2
- Population under 181,746 plus or minus 366
- Share under 1824.7 percent plus or minus 5.2
- Population 65 and over921 plus or minus 225
- Share 65 and over13.0 percent plus or minus 3.2
- Households2,641
- Family households1,956
- Share of households that are families74.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milltown
Income and work in Milltown
- Median household income$140,960
- Per capita income$60,070
- Civilian labor force4,258
- Employed4,111
- Unemployed147 plus or minus 90
- Unemployment rate3.5 percent plus or minus 2.1
- Adults 25 and over5,004
- Adults 25 and over with a high school diploma or higher95.9 percent
- Adults 25 and over with a bachelor degree or higher41.7 percent plus or minus 9.1
- Adults 25 and over with a graduate degree13.8 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milltown
Housing in Milltown
- Housing units2,753
- Occupied units2,641
- Vacant units112 plus or minus 95
- Vacancy rate4.1 percent plus or minus 3.4
- Owner occupied2,175
- Renter occupied466 plus or minus 271
- Ownership rate82.4 percent
- Median owner-occupied home value$458,800
- Median gross rent, monthly$1,204 plus or minus $519
- Annual rent as a share of median income10.2 percent plus or minus 4.7
- Single family units2,518
- Share single family91.5 percent
- Units in buildings of two or more235 plus or minus 105
- Share in buildings of two or more8.5 percent plus or minus 3.7
- Mobile homes0
- Median year structure built1963
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milltown
How Milltown gets to work
- Workers 16 and over who commute3,691
- Commuting under 15 minutes912 plus or minus 293
- Share commuting under 15 minutes24.7 percent plus or minus 7.5
- Commuting 30 minutes or more1,617 plus or minus 418
- Share commuting 30 minutes or more43.8 percent plus or minus 10.2
- Drove alone80.8 percent
- Carpooled4.9 percent plus or minus 4.3
- Public transport3.4 percent plus or minus 2.3
- Walked0.7 percent plus or minus 0.8
- Worked from home9.8 percent plus or minus 4.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milltown
SBA loans in Milltown (7(a))
- Approvals14
- Gross approval$4,876,900
- Average approval$348,350
- Median approval$160,000
- Largest approval$1,387,000
- Jobs supported86
- Jobs per approval6.1
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more28.6 percent
- Share to franchises0.0 percent
- Distinct lenders10
- Distinct industries by NAICS11
Counted by borrower city: approvals to borrowers whose address is in Milltown, in any county, FY2020 to FY2026. Only 2 loans have 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.
Milltown
SBA loans in Milltown (504)
- Approvals1
- Gross approval$514,000
- Average approval$514,000
- Median approval$514,000
- Largest approval$514,000
- Jobs supported4
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Milltown, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Milltown
Flood risk in Milltown
- NFIP communityBorough of Milltown
- NFIP community number340268
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/06/10
The Borough of Milltown participates in the National Flood Insurance Program as community 340268 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.
Middlesex County, not Milltown
Middlesex County context, not Milltown figures
- Establishments in Middlesex County22,314
- Covered employment, Middlesex County430,555
- Average annual pay, Middlesex County$82,400
- Housing units permitted, Middlesex County1,792
Every figure in this section is published for Middlesex County as a whole and is not a measurement of Milltown.
All Middlesex County figures →
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
Milltown questions, answered from the record.
How many people live in Milltown, New Jersey?
7,059, in 2,641 households. Milltown borough covers 1.55 square miles of land, which is 4,544 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Milltown in?
Middlesex 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 Milltown?
$140,960. The median owner-occupied home is valued at $458,800. Median gross rent is $1,204 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Milltown businesses?
14 7(a) approvals totaling $4.9 m since FY2020, across 10 lenders, median approval $160,000, plus 1 504 approvals worth $514,000 since FY2010. These count approvals to borrowers whose address is in Milltown, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Milltown borrowers get paid back?
No rate is published for Milltown. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Milltown in the National Flood Insurance Program?
Yes. Milltown appears in the FEMA Community Status Book as Milltown, borough of, community 340268, 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 Milltown figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Middlesex 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 Milltown.
Is zoning published for Milltown?
No. Nothing on this page presents parcel level zoning.