Morristown, NJ Housing Statistics

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166%

Med. Home Val. NAT. AVG.

101%

Rent NAT. AVG.

41%

Owner Occ. NAT. AVG.

Morristown Housing Information

Index	Morristown	New Jersey	National
Median home price	$870,240	$555,483	$326,622
Median rent asked	$2,906	$1,825	$1,444
Avg. people per household	2.3	2.7	2.6
Owner occupied households	37.6%	64.1%	63.6%
Renter occupied households	62.4%	35.9%	36.4%

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Homes For Sale In Morristown, NJ

1 Entrance Ave

Morristown, NJ

50 Davenport Pl

Morristown, NJ

17 Spencer Dr

Morristown, NJ

26 Colgate Dr

Morristown, NJ

Housing Quick Facts

The median home price in Morristown is 166% higher than the national average.
The median rent asked in Morristown is 101% higher than the national average.
The average number of people per household in Morristown is 12% lower than the national average.
The number of owner occupied households in Morristown is 41% lower than the national average.
The number of renter occupied households in Morristown is 72% higher than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Victory Gardens, NJ	1,654	$303,205	7%
East Orange, NJ	66,655	$402,475	23%
Roselle, NJ	22,321	$421,559	29%
Hopatcong, NJ	14,711	$443,392	36%
Stanhope, NJ	3,418	$450,335	38%
Morristown, NJ	19,561	$870,240	166%

Cities with similar population

	Population	Home Price	National Avg.
Bellaire, TX	19,553	$1,489,758	356%
Nanuet, NY	19,538	$697,052	113%
Onalaska, WI	19,535	$379,607	16%
Sherrelwood, CO	19,531	$546,734	67%
Valle Vista, CA	19,530	$380,475	16%
Morristown, NJ	19,561	$870,240	166%

Source: The Morristown, NJ housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.