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States / New Jersey / Morristown

Morristown, NJ Housing

ACS 2020-2024

Median Home Value
$567,600 ± $35,322
Median Gross Rent
$2,274 ± $125/mo
Homeownership Rate
36.7%
Rent as Share of Income
22.5%
Price-to-Income Ratio
4.7×
Vacancy Rate
3.1%
Median Year Built
1970

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
65
Buildings
29
Single-Family Units
20
Multi-Family Units
45

Nearby Cities in New Jersey

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Morristown, NJ Housing: Rent & Home Values | HomeDataUSA