Chatham Township, NJ Real Estate Statistics
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Chatham Township is widely regarded as the suburb of choice by many affluent professionals and families. With a high percentage of college graduates and professionals employed in nearby corporate headquarters as well as New York City, the township boasts an above-average socioeconomic level. Residents are drawn to Chatham Township not only for its stunning neighborhoods but also for its proximity to metropolitan New York. Additionally, the township is home to the breathtaking Great Swamp wilderness, providing a natural oasis for residents to enjoy. Conveniently located near the Short Hills Mall and downtown Morristown, residents have easy access to local shopping and entertainment. Food enthusiasts can indulge in a variety of culinary delights, including the renowned Marie’s Italian Specialties in Hickory Tree Plaza, a favorite of Diner, Drive Ins, and Dives.
In terms of residential architecture, Chatham Township features a mixed style of single-family homes. Several neighborhoods showcase updated and expanded 1950s-era split-level and ranch-style homes. The Wickham Woods section, built in the 1970s, predominantly consists of center hall colonials. The Rolling Hill Section stands out with its spectacular homes and is popular for rebuilds into custom residences. This community is home to many families and empty nesters who actively engage through the homeowners association, organizing parties, play dates, and other events. Home prices in Chatham Township range from $1 million to over $3 million. The township also offers six townhouse and condominium communities, comprising approximately 900 units, with prices ranging from $250,000 to $1.7 million.
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While Chatham Borough and Chatham Township operate separate municipal governments and police departments, they share school systems and the Chatham Library. The township is served by a paid police force, a volunteer fire department, and the Volunteer Chatham Emergency Squad, ensuring the safety and well-being of residents in both the township and the borough. The infrastructure, recreational parks, and ball fields in Chatham are diligently maintained by dedicated borough employees.
Chatham High School, renowned as the top-ranking school in the state of New Jersey, attests to the supportive community that values education and promotes active student participation. With an exceptional reputation, the school system sees an average of 97% of high school graduates continuing on to college. Chatham Township is home to six schools: Milton Avenue, Southern Boulevard, and Washington Avenue Schools for students in kindergarten through third grade; Lafayette School for 4th and 5th-grade students; Chatham Middle School for grades 6-8; and Chatham High School for the final years of education. Saint Patrick’s of Chatham offers Catholic education for students from pre-kindergarten through 8th grade.
The township features numerous recreational areas, including the Fairmont Country Club, The Noe Pond Club, and County Parks such as Loantaka Reservation and the Great Swamp Education Center. A significant portion of the Great Swamp National Wildlife Refuge is also located within the township, providing residents with opportunities to explore nature and engage in outdoor activities. Chatham Township emphasizes a comprehensive recreation program for residents of all ages, coordinated by a dedicated Recreation Director in partnership with Chatham Borough.
Chatham Township offers a highly desirable suburban environment characterized by well-maintained homes with spacious yards, attracting sophisticated residents. Real estate values in Chatham Township consistently rank higher than those in surrounding towns, making it an appealing investment choice. With a median home value of approximately $815,000, real estate in Chatham Township continues to demonstrate stability and solid returns.
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