HomeNew JerseySomerset CountyFar Hills borough
Far Hills borough, New Jersey: commercial real estate data.
Far Hills borough is a Census borough of 948 people across 4.85 square miles of land, in Somerset County. Median household income is $143,250, 87.1 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $20,000.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Far Hills
What Far Hills is
- Census place typeborough
- Land area4.85 sq mi
- Water area0.05 sq mi
- Population per square mile of land196
- County holding the largest share of its areaSomerset 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.
Far Hills
How many people live in Far Hills
- Population948
- Median age50.3
- Population under 18158 plus or minus 53
- Share under 1816.7 percent plus or minus 5.0
- Population 65 and over279
- Share 65 and over29.4 percent
- Households427
- Family households269
- Share of households that are families63.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Far Hills
Income and work in Far Hills
- Median household income$143,250 plus or minus $38,289
- Per capita income$115,732
- Civilian labor force542
- Employed503 plus or minus 109
- Unemployed39 plus or minus 27
- Unemployment rate7.2 percent plus or minus 4.8
- Adults 25 and over737
- Adults 25 and over with a high school diploma or higher97.8 percent
- Adults 25 and over with a bachelor degree or higher61.7 percent
- Adults 25 and over with a graduate degree34.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Far Hills
Housing in Far Hills
- Housing units452
- Occupied units427
- Vacant units25 plus or minus 21
- Vacancy rate5.5 percent plus or minus 4.6
- Owner occupied372
- Renter occupied55 plus or minus 24
- Ownership rate87.1 percent
- Median owner-occupied home value$792,100
- Median gross rent, monthly$1,554
- Annual rent as a share of median income13.0 percent plus or minus 4.3
- Single family units380
- Share single family84.1 percent
- Units in buildings of two or more72 plus or minus 27
- Share in buildings of two or more15.9 percent plus or minus 5.6
- Mobile homes0
- Median year structure built1988
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Far Hills
How Far Hills gets to work
- Workers 16 and over who commute395 plus or minus 85
- Commuting under 15 minutes90 plus or minus 35
- Share commuting under 15 minutes22.8 percent plus or minus 7.4
- Commuting 30 minutes or more168 plus or minus 41
- Share commuting 30 minutes or more42.5 percent
- Drove alone69.5 percent
- Carpooled5.8 percent plus or minus 2.5
- Public transport2.2 percent plus or minus 3.0
- Walked1.8 percent plus or minus 1.8
- Worked from home20.7 percent plus or minus 6.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Far Hills
SBA loans in Far Hills (7(a))
- Approvals1
- Gross approval$20,000
- Average approval$20,000
- Median approval$20,000
- Ninetieth percentile approval$20,000
- Largest approval$20,000
- Jobs supported0
- Jobs per approval0.0
- 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 lenders1
- Distinct industries by NAICS1
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.
Far Hills
SBA loans in Far Hills (504)
- Approvals1
- Gross approval$1,068,000
- Average approval$1,068,000
- Median approval$1,068,000
- Largest approval$1,068,000
- Jobs supported7
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Somerset County, not Far Hills
Somerset County context, not Far Hills figures
These are Somerset County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Far Hills measurements.
- Establishments in Somerset County9,831
- Employment at those establishments, Somerset County188,127
- Covered employment, Somerset County190,468
- Average annual pay, Somerset County$106,418
- Average weekly wage, Somerset County$2,046
- Housing units permitted, Somerset County635
- Of those, single family, Somerset County320
- County product, 2024, Somerset County$54,494,111,000
- County product change over the prior year, Somerset County5.3 percent
- Average income of an arriving household, Somerset County$123,037
Every figure in this section is published for Somerset County as a whole and is not a measurement of Far Hills. 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.
- 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
Far Hills questions, answered from the record.
How many people live in Far Hills, New Jersey?
948, in 427 households. Far Hills borough covers 4.85 square miles of land, which is 196 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Far Hills in?
Somerset 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 Far Hills?
$143,250. The median owner-occupied home is valued at $792,100. Median gross rent is $1,554 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Far Hills businesses?
1 7(a) approvals totalling $20,000, across 1 lenders, median approval $20,000, plus 1 504 approvals worth $1.1 m. These count approvals to borrowers whose address is in Far Hills, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Far Hills borrowers get paid back?
No rate is published for Far Hills. 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 Far Hills figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Somerset 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 Far Hills.
Is zoning published for Far Hills?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.