Median Home Value
$129,600
Median Gross Rent
$724/mo
Homeownership Rate
80.1%
Rent as Share of Income
14.8%
Vacancy Rate
14.9%
Median Year Built
1960
Home Price Index (FHFA)
Home prices in Morris County have risen 83% since 2002, per FHFA's index.
2013
2014
2016
2017
2018
2019
2020
2021
2022
2025
Index value, not a dollar figure — shows relative appreciation over time. Source: Federal Housing Finance Agency.
HUD Fair Market Rent (2026)
Studio
$643
1 Bedroom
$679
2 Bedroom
$877
3 Bedroom
$1,052
4 Bedroom
$1,424
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.