Florham Park borough: Median Gross Rent Trend
How Florham Park 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
$2,300
2023
$3,009
Total change
+$709
% change
+30.8%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $2,300 | — |
| 2019 | $2,441 | +$141 (6.1%) |
| 2020 | $2,524 | +$83 (3.4%) |
| 2021 | $2,632 | +$108 (4.3%) |
| 2022 | $2,891 | +$259 (9.8%) |
| 2023 | $3,009 | +$118 (4.1%) |