Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in Morristown town, New Jersey?
City · Census ACS 5-Year estimates
The median home value in Morristown town, New Jersey is $567,600 (±$35,322), based on Census ACS 5-Year estimates (2024). The median gross rent is $2,274/month, and the median household income is $121,340/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Morristown town, New Jersey
| Metric | Value |
|---|---|
| Median Home Value | $567,600 |
| Median Gross Rent | $2,274 |
| Median Household Income | $121,340 |
| Total Housing Units | 9,069 |
| Renter-Occupied Units | 5,744 |
| Renter-Occupied Share | 63% |
How does Morristown town, New Jersey compare?
Median home value ranked against all cities in New Jersey.
Higher home value than 72% of cities in New Jersey · 194th of 678
| # | City | Value |
|---|---|---|
| 1 | Saddle River borough | $2,000,001 |
| 1 | Spring Lake borough | $2,000,001 |
| 1 | Sea Girt borough | $2,000,001 |
| … 190 more … | ||
| 194 | Morristown town(you are here) | $567,600 |
| … 481 more … | ||
| 676 | Crestwood Village CDP | $96,500 |
| 677 | Cedar Glen West CDP | $82,900 |
| 678 | Salem city | $79,800 |
More data for Morristown town, New Jersey
Frequently asked questions
What is the median home value in Morristown town, New Jersey?
The median home value in Morristown town, New Jersey is $567,600, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in Morristown town, New Jersey?
The median gross rent in Morristown town, New Jersey is $2,274/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in Morristown town, New Jersey?
The median household income in Morristown town, New Jersey is $121,340/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $567,600 has a margin of error of ±$35,322. In very small areas, MOEs can be large relative to the estimate.
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