Quick facts: Long valley, NJ

Quick Facts

112.9
Cost of Living
above US average
2,046
Population
21.99
Crime Rate per 1000
below US average
$117,000
Median Income
above US average
$750,000
Median House Price
above US average
$2787.5
Average Rent
above US average
2%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $117,000.

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Income Needed to Buy

βœ— Stretch
$235k/year
Based on $750,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $235k vs median $117,000
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Income Needed to Rent

⚠ Stretch
$119k/year
Based on $2787.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $119k vs median $117,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Long valley, NJ

Long Valley is a charming unincorporated community located within Washington Township in Morris County, New Jersey. Nestled in a scenic area defined by rolling hills and lush farmland, Long Valley offers a picturesque rural setting while being conveniently close to larger urban areas. The community is known for its historic homes, local parks, and a tight-knit atmosphere that fosters a sense of belonging among residents. The area is rich in natural beauty, with numerous outdoor recreation options including hiking, biking, and fishing. The nearby Schooleys Mountain Park provides ample opportunities for nature lovers. Long Valley features a variety of local shops, restaurants, and services that cater to the daily needs of its residents. The Long Valley Middle School and the West Morris Central High School serve the educational needs of the community, part of a well-regarded school district. With its combination of rural charm, access to outdoor activities, and community spirit, Long Valley is an attractive location for families and individuals seeking a peaceful lifestyle while still being within reach of the amenities in nearby towns.

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