Morristown Housing Information - Census

IndexMorristownNew JerseyNational
Median home price$425,100$316,400$184,700
Median rent asked$1,503$1,213$949
Avg. people per household2.42.72.6
Owner occupied households39.0%64.1%63.6%
Renter occupied households61.0%35.9%36.4%

Morristown Housing Information - Zillow

IndexMorristownNew JerseyNational
Zillow home value index$420,606$313,560$213,146
Year over year appreciation rate5.00%10.64%8.00%
5 year average appreciation rate4.68%4.27%6.57%
10 year average appreciation rate-0.03%-0.86%1.33%
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Did you know?

  • The median home price in Morristown is 130% higher than the national average.
  • The median rent asked in Morristown is 58% higher than the national average.
  • The average number of people per household in Morristown is 10% lower than the national average.
  • The number of owner occupied households in Morristown is 39% lower than the national average.
  • The number of renter occupied households in Morristown is 68% higher than the national average.

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Compare Morristown, NJ Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Byram Center, NJ50$0100%
Victory Gardens, NJ1,623$171,7007%
Roselle, NJ21,507$204,80011%
East Orange, NJ64,621$209,50013%
Stanhope, NJ3,457$215,00016%
Morristown, NJ18,677$425,100130%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Forest Park, OH18,679$111,30040%
Deerfield, IL18,686$508,800175%
Westminster, MD18,665$234,10027%
Augusta, ME18,691$138,90025%
Fairmont, WV18,699$103,60044%
Morristown, NJ18,677$425,100130%
Source: The Morristown, NJ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.