07940 Real Estate Market Overview

Could Madison, NJ 07940 be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about 07940. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near 07940 such as Chatha...m and Chatham Township. When you’re ready, Trulia has 89 resale and new homes in 07940 lined up for you, including 10 open houses, and 16 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$675,000

Median Sales Price

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$340

Price Per Sqft

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$3,300

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in 07940 show a -5% year-over-year drop in median sales price and a -3% drop in median rent per month.

Median Sales Price
The median sales price for homes in 07940 for Feb 19 to May 18 was $675,000 based on 15 home sales.
Price Per Square Ft.
Average price per square foot for 07940 was $340, a decrease of -4% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in 07940 for Apr 20 to May 20 was $3,300.

Crime

Most frequent crimes in the past year

Knowing more about crime activity in 07940 can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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Crime data for the past year is not available at this location.


Best Schools in 07940

There are 5 schools in 07940.

Elementary Schools
9

Torey J. Sabatini Elementary School

Public, K - 5

9

Kings Road Elementary School

Public, K - 5

8

Central Avenue Elementary School

Public, PK - 5

Middle Schools
9

Madison Junior Middle School

Public, 6 - 8

High Schools
9

Madison High School

Public, 9 - 12


Demographics

Get to know your neighbors in 07940 by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
29%
Single residents
Home owners
70%
Home owners
Median age
40
Median age
Household income
$108,500
Median household income
College educated
69%
College educated

Commute

Most people in 07940 commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
86% commute by car
0% commute by bike
13% commute by public transportation
0% commute by foot

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