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Florham Park

Voted Best Place to Live In New Jersey

On The Map

The History of Florham Park

Founded in 1899, Florham Park is a small suburban community of 12,605 people. Located in Morris County, the town gets its name from Florham and Brooklake Park mansions.

Brooklake Park was owned by Dr. Leslie Ward — one of the founders of the Prudential Insurance Company. It was named “Brooklake Park”, partially because of the lake that was on the property.

Florham the second estate, was built by Florence Adele Vanderbilt Twombly and her husband Hamilton McKown Twombly. An English-style country mansion they named their new estate “Florham,” from a combination of their first names, Florence and Hamilton.

Town Basics

Comprised of the single zip code 07932, the town is a total of 7.5 sq miles and approximately 30 miles west of New York City.  Bordered by several other communities including Madison, Chatham, Hanover & East Hanover Townships. Florham Park is close to trains, buses and many other of life’s conveniences. So convenient in fact, that Florham Park was named the Best Place to Live in New Jersey by New Jersey Monthly Magazine.

Florham Park is home to a variety of businesses and 40 corporate entities including the BASF corporation, the world’s largest chemical company.  The New York JETS also built their $75 million dollar State of the Art Training Facility and Corporate Headquarters in the town. In fact, there are so many businesses in the community that they combine to about 40 percent of the borough’s tax base.

Florham Park Demographics

  • 21% Single Residents
  • 80% Homeowners
  • 43 Median Age
  • $107,169 Median Household Income
  • 67% College Educated
  • 89% Drive to Work
  • 8% Take Public Transportation to Work
  • Ancestries: Italian (17.2%), Irish (15.1%), German (13.3%), Polish (4.6%), English (4.6%), United States (3.0%)

Top in Education

  • Students attend one of two Elementary schools Briarwood or Brooklake and move to Ridgedale Middle School for junior high. With all three schools ranking above average by GreatSchools ratings (which are based on a comparison of test results for all schools in the state).
  • Florham Park Teens attend regional Hanover Park High School in East Hanover. New Jersey Monthly ranked the school number 26 on on their top public high school list in 2014 and 44 in 2016.

Did You Know?

The number of people who take public transportation in Florham Park is 58% higher than the national average!

Commuting

Commuters who work in New York City have multiple options for commuting to the city, the most convenient being the train.  The closest stations would be either Madison or Morristown, both stops are on the NJ Transit Morristown Line.

The Madison station is located at Kings road between Green St. and Prospect St. 1 block from Main St. Rt. 124.  There are 3 parking lots. Lot 1 contains 65 spaces and is a daily lot that costs $5 a day for both residents and non residents alike. The 2nd lot is a resident only lot with 142 spaces. Cost of the permit is $425 a year. Lot 3 contains 206 spaces and allows both daily and permit parking. Residents are allowed to pay $5 a day or $425 for the year, while non residents are only allowed daily $5 parking.

The Morristown station, known as Convent Station, is located at Convent Road near intersection of Rt. 124. There are 4 available lots for commuters. Lot 1 is the largest lot with 269 spaces.  Daily parking for both residents and non residents costs $5 a day. Permit parking is offered for residents at $345 a year or $690 for non residents. Lot 2 offers 81 spaces and the same pricing options as lot 1. Th3 3rd lot is a resident permit lot only and offers 115 spaces. Lot 4 contains 125 spaces and the same pricing options as lots 1 & 2.

Home Values

The median home value in Florham Park is $629,600. Home values have gone up 0.8% over the past year and Zillow predicts they will rise 1.1% within the next year. Also important to know, the median list price per square foot is $294, which is higher than the New York Metro average of $246. Lastly, the median price of homes currently listed in Florham Park is $650,000, with an average property tax in 2014 of $8,818.