HomeNew JerseyMorris CountyNew Vernon CDP
New Vernon CDP, New Jersey: commercial real estate data.
New Vernon CDP is a Census CDP of 743 people across 3.55 square miles of land, in Morris County. 67.9 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $375,000.
64 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
New Vernon
What New Vernon is
- Census place typeCDP
- Land area3.55 sq mi
- Water area0.01 sq mi
- Population per square mile of land209 plus or minus 91
- County holding the largest share of its areaMorris 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 Vernon
How many people live in New Vernon
- Population743 plus or minus 324
- Median age50.2 plus or minus 16.6
- Population under 18201 plus or minus 139
- Share under 1827.1 percent plus or minus 14.4
- Population 65 and over106 plus or minus 51
- Share 65 and over14.3 percent plus or minus 2.9
- Households265 plus or minus 92
- Family households251 plus or minus 88
- Share of households that are families94.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Vernon
Income and work in New Vernon
- Per capita income$133,193 plus or minus $83,015
- Civilian labor force275 plus or minus 123
- Employed275 plus or minus 123
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over484 plus or minus 140
- Adults 25 and over with a high school diploma or higher100.0 percent
- Adults 25 and over with a bachelor degree or higher82.4 percent
- Adults 25 and over with a graduate degree39.3 percent plus or minus 14.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Vernon
Housing in New Vernon
- Housing units265 plus or minus 92
- Occupied units265 plus or minus 92
- Vacant units0
- Vacancy rate0.0 percent
- Owner occupied180 plus or minus 69
- Renter occupied85 plus or minus 81
- Ownership rate67.9 percent
- Median owner-occupied home value$1,566,200
- Median gross rent, monthly$3,207 plus or minus $1,447
- Single family units265 plus or minus 93
- Share single family100.0 percent
- Units in buildings of two or more0
- Share in buildings of two or more0.0 percent
- Mobile homes0
- Median year structure built1946
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Vernon
How New Vernon gets to work
- Workers 16 and over who commute226 plus or minus 105
- Commuting under 15 minutes25 plus or minus 31
- Share commuting under 15 minutes11.1 percent plus or minus 12.9
- Commuting 30 minutes or more113 plus or minus 58
- Share commuting 30 minutes or more50.0 percent plus or minus 11.4
- Drove alone66.2 percent plus or minus 42.8
- Carpooled0.0 percent
- Public transport19.8 percent plus or minus 15.4
- Walked0.0 percent
- Worked from home14.1 percent plus or minus 11.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Vernon
SBA loans in New Vernon (7(a))
- Approvals2
- Gross approval$375,000
- Average approval$187,500
- Median approval$350,000
- Ninetieth percentile approval$350,000
- Largest approval$350,000
- Jobs supported14
- Jobs per approval7.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morris County, not New Vernon
Morris County context, not New Vernon figures
These are Morris County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Vernon measurements.
- Establishments in Morris County16,518
- Employment at those establishments, Morris County301,249
- Covered employment, Morris County298,824
- Average annual pay, Morris County$101,208
- Average weekly wage, Morris County$1,946
- Housing units permitted, Morris County2,055
- Of those, single family, Morris County864
- County product, 2024, Morris County$74,395,289,000
- County product change over the prior year, Morris County4.3 percent
- Average income of an arriving household, Morris County$142,777
Every figure in this section is published for Morris County as a whole and is not a measurement of New Vernon. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- The American Community Survey does not publish a median household income for this place, which happens where the sample is too small to support one.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
New Vernon questions, answered from the record.
How many people live in New Vernon, New Jersey?
743, in 265 households. New Vernon CDP covers 3.55 square miles of land, which is 209 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Vernon in?
Morris County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
How much SBA lending goes to New Vernon businesses?
2 7(a) approvals totalling $375,000, across 2 lenders, median approval $350,000. These count approvals to borrowers whose address is in New Vernon, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Vernon borrowers get paid back?
No rate is published for New Vernon. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page New Vernon figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Morris 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 Vernon.
Is zoning published for New Vernon?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.