Quick facts: Flemington, NJ

Quick Facts

112.9
Cost of Living
above US average
4,906
Population
24.05
Crime Rate per 1000
above US average
$85,306
Median Income
above US average
$590,000
Median House Price
above US average
$2647.8
Average Rent
above US average
5%
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 $85,306.

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Income Needed to Buy

βœ— Stretch
$185k/year
Based on $590,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $185k vs median $85,306
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Income Needed to Rent

⚠ Stretch
$113k/year
Based on $2647.8/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $113k vs median $85,306
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Flemington, NJ

Flemington, located in Hunterdon County, New Jersey, is a charming small town that serves as the county seat. Known for its rich history, Flemington boasts a quaint downtown area filled with unique boutiques, cafes, and restaurants, offering a warm, community-oriented atmosphere. The town is perhaps best known for the historic Flemington Circle and the renowned Red Mill Museum Village, which showcases the region's industrial past and host various events throughout the year. Flemington provides easy access to outdoor activities with nearby parks such as the Round Valley Recreation Area, which offers hiking, fishing, and camping opportunities. The town is well-connected by major roadways, making it convenient for commuters traveling to nearby larger cities like New York and Philadelphia. Culturally, Flemington has a vibrant arts scene, hosting events like the Flemington Community Theatre and various seasonal festivals. The area also celebrates its agriculture with farmers’ markets and local wineries. Overall, Flemington combines the charm of a small town with the conveniences of modern living, making it an attractive place for residents and visitors alike.

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