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Sussex County, NJ

Vernon

RANK #812 / 996 NAT  ·  #19 / 21 NJ  ·  POP 144,808

1YR FORECAST: +1.5%

5YR OUTLOOK: +15%

Our model projects Sussex County's housing market at +1.5% over the next year, underperforming most U.S. counties.

[01] Why Sussex County?

Sussex County, New Jersey, is defined by its rural character and extensive natural beauty, a distinction often highlighted by locals. Located in the state's northernmost region, it sits about an hour's drive from New York City, offering a quieter alternative to urban life. The county boasts mountains, over 80 lakes and streams, and approximately 40 miles of the Appalachian Trail, making it a year-round destination for outdoor recreation. High Point State Park, home to New Jersey's highest elevation, provides hiking, camping, and winter sports opportunities. Towns like Sparta, Newton, and Vernon offer a mix of historic charm and access to these natural amenities.

Life in Sussex County often appeals to families and those seeking a more relaxed pace. While many residents commute to neighboring counties or New York City for work, the community maintains a close-knit feel. The local economy is supported by sectors such as agriculture, tourism, and light manufacturing, with institutions like Sussex County Community College contributing significantly to the regional economy and workforce development. The county's focus on preserving its natural landscape and fostering a family-friendly environment shapes its quality of life.

[02] Market Snapshot

Housing Ratio
8.9x

Overvalued relative to economy

GDP Growth
+1.5%

Below national median

Home Prices
+3.4%

Outpacing national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks overvalued at 8.9x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Selective Insurance Finance
    500+
  2. 2
    Newton Medical Center Healthcare
  3. 3
    Sussex County Government Government
  4. 4
    Mountain Creek Resort Hospitality
  5. 5
    Andover Subacute and Rehab Center Healthcare
  6. 6
    ThorLabs Manufacturing
  7. 7
    Ames Manufacturing
  8. 8
    Isolatek International Manufacturing
  9. 9
    HighPoint Technology
  10. 10
    The Franklin Mutual Insurance Finance

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Sussex County U.S. National

The Numbers

DEMOGRAPHICS
Population
144,808
+0.22% YoY
Median Household Income
$111,094
Median Home Value
$322,300
+3.37% 12mo
Median Rent
$1,501
Average Annual Pay
$58,693
+2.0% YoY
Employment
38,360
+0.7% YoY
Income-to-Home-Value
0.3447
More affordable than average
Migration Inflow
3.08%
of pop. from another state
Bachelor's Degree+
39.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$408,500
Days on Market
66
Slower market
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
100.5%
Homes selling above asking
Sold Above List
46.2%
Listings w/ Price Drops
10.8%
Building Permits (2024)
158
Single-Family Permits
116

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.1
per 100K · nat avg 6.3
Firearm Fatalities
5.9
per 100K · nat avg 14.8
Injury Deaths
67.6
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Score Breakdown

GDP Growth +1.5% 26 percentile
Population Growth +0.2% 39 percentile
Income Growth +9.3% 69 percentile
Vacancy Rate 1.3% 30 percentile
Home Price Change +3.4% 76 percentile
Rent Growth +1.3% 24 percentile
Price/Rent 12x 70 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Sussex County, NJ a good place to move to?

The data is not encouraging — Sussex County scores just 18/100 on the Boom Town Index, ranking #812 of 996 counties. Job growth at +0.7% and median household income of $111,094 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Sussex County affordable?

Housing in Sussex County is roughly in line with national affordability norms. The median home costs $322,300 and the income-to-home-value ratio sits at 0.34, with rents averaging $1,501/month. Not a bargain, but not a stretch for most local earners either.

Is Sussex County growing or shrinking?

Population and employment in Sussex County are both close to flat — population +0.2% YoY and jobs +0.7%. Home values shifted +3.4% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Sussex County?

There's a moderate stream of newcomers. About 3.08% of residents moved from another state, which is above average and suggests Sussex County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[08] Similar Counties by Size & Score

Morris County, NJ 22 Hudson County, NJ 13 Somerset County, NJ 28 Hunterdon County, NJ 7 Mercer County, NJ 30 Burlington County, NJ 35 Citrus County, FL 18 Sutter County, CA 18