Median Home Value
$582,500
Median Gross Rent
$1,904/mo
Homeownership Rate
74.3%
Rent as Share of Income
16.6%
Vacancy Rate
3.1%
Median Year Built
1971
Home Price Index (FHFA)
Home prices in Morris County have risen 1369% since 1975, per FHFA's index.
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Index value, not a dollar figure — shows relative appreciation over time. Source: Federal Housing Finance Agency.
HUD Fair Market Rent (2026)
Studio
$1,612
1 Bedroom
$1,822
2 Bedroom
$2,205
3 Bedroom
$2,761
4 Bedroom
$3,137
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.