Far Hills borough: Median Gross Rent Trend
How Far Hills borough's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$2,477
2023
$1,495
Total change
$982
% change
-39.6%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $2,477 | — |
| 2019 | $2,167 | $310 (-12.5%) |
| 2020 | $2,031 | $136 (-6.3%) |
| 2021 | $1,900 | $131 (-6.5%) |
| 2022 | $2,111 | +$211 (11.1%) |
| 2023 | $1,495 | $616 (-29.2%) |