Area data
Greystone park, NJ — ZIP 07950
Population: 21,651 (Census ACS)
The median home value in ZIP 07950 (Greystone park, NJ) is $734,524 — up 4.1% over the past year. Homes sell for a median $685,000 after a median 15 days on market. Typical rent runs $3,536/month. 7 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with winterweather, coldwave, inlandflooding the top-rated hazards. Cost of living is 12.5% above the US average (BEA, metro/state-level).
$734,524
Median home value
+4.1%
1-year change
15
Median days on market
Relatively Moderate
Hazard risk (county)
Home values & appreciation
- Median home value
- $734,524
- 1-year appreciation
- +4.1%
- 3-year appreciation
- +18.7%
- 5-year appreciation
- +32.3%
- 10-year appreciation
- +54.2%
- All-time peak (2026-07)
- $734,524
- House Price Index (state)
- 430.8 (+5.2% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $685,000
- Median list price
- $690,000
- Median price per sqft
- $392
- 1-year sale-price change
- -4.9%
- Median days on market
- 15 days
- Homes sold (recent period)
- 48
- For-sale inventory
- 67
- Sale-to-list ratio
- 105.5%
- Active listings
- 28
- 1-year forecast
- +2.3%
- Days to pending
- 24 days
- New listings (monthly)
- 35
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $3,536/mo
- 1-year rent change
- +2.5%
- Studio fair-market rent
- $1,385/mo
- 1BR fair-market rent
- $1,731/mo
- 2BR fair-market rent
- $2,099/mo
- 3BR fair-market rent
- $2,729/mo
- 4BR fair-market rent
- $3,149/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (High)
- 112.5 (100 = US avg)
- Electricity rate (state-level)
- 22.6¢/kWh
- Natural gas rate (state-level)
- $14.20/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 7
- Elementary schools
- 4
- Middle schools
- 1
- High schools
- 2
- School districts serving the area
- OFFICE OF EDUCATION DEPARTMENT OF CHILDREN AND FAMILIES, Hanover Township School District, Morris Plains School District
- Schools include
- Greystone Park Psychiatric Hospital, Mountview Road School, Morris Plains Borough School, Mountain Way School, Alfred Vail School
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively Moderate
- Top hazards (county)
- winterWeather, coldWave, inlandFlooding, lightning, strongWind
- Notable hazard ratings (county)
- coldWave: Relatively High · drought: Relatively Moderate · earthquake: Relatively Low · heatWave: Relatively Moderate · hurricane: Relatively Moderate · iceStorm: Relatively Low
- FEMA flood zone
- A06
- Flood risk level
- High
- Wildfire risk to homes (county)
- Higher than 23% of US counties
- Buildings in wildfire direct-exposure zone
- 62.3%
- Radon potential (county)
- High radon potential — EPA Zone 1 of 3
- EPA Superfund (NPL) sites within 5 mi
- 3
- Nearest Superfund site
- Dover Municipal Well 4 (4.2 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 54.0°F
- Average high
- 62.0°F
- Average low
- 46.0°F
- Annual precipitation
- 53.2 in
- Annual snowfall
- 18.8 in
- USDA plant hardiness zone
- 6b (extreme annual low -5 to 0°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 37
- Days with Good air quality
- 314
- Days with Moderate air quality
- 43
- Days with Unhealthy air quality
- 2
- Highest AQI recorded (year)
- 154
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 11.3 / 20
- Transit service frequency
- 955
- Jobs reachable by car (30 min)
- 207,868
- Jobs reachable by transit (45 min)
- 170,115
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 21
- Nearest national park
- Morristown National Historical Park (6 mi)
- National parks include
- Morristown National Historical Park, Thomas Edison National Historical Park, Paterson Great Falls National Historical Park
- Airports within 30 mi
- 23
- Nearest airport
- Morristown Municipal Airport (MMU) (5 mi)
- Nearest major airport
- Morristown Municipal Airport (MMU) (5 mi)
- Hospitals nearby (~15 mi)
- 1
- Hospitals include
- GREYSTONE PARK PSYCHIATRIC HOSPITAL
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- -752 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,971
- Housing built before 1970
- 49.1%
- Housing built 2000 or later
- 11.4%
- Median annual property tax
- $10,001
- Mean commute to work
- 22 min
- Households with broadband internet
- 88.6%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 268,704
- Average weekly wage
- $1,945
- Top industries (by employment)
- Health Care, Professional Services, Administrative Services
- Annual residential building permits (county)
- 588
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 07950 | State median | US median | |
|---|---|---|---|
| Median home value | $734,524 | $577,759 | $289,727 |
| Median sale price | $685,000 | $555,000 | $325,000 |
| Median days on market | 15 days | 42 days | 51 days |
| Typical rent | $3,536/mo | $2,540/mo | $1,808/mo |
| Median annual property tax | $10,001 | $9,504 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 07950?
- $734,524.
- What is the median sale price in ZIP 07950?
- $685,000.
- How long do homes take to sell in ZIP 07950?
- Median days on market: 15 days.
- What is typical rent in ZIP 07950?
- Typical rent: $3,536/month.
- What is the natural-hazard risk in ZIP 07950?
- Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: winterWeather, coldWave, inlandFlooding, lightning, strongWind.
- Is ZIP 07950 in a flood zone?
- High (FEMA NFIP). FEMA flood zone A06.
- What is the wildfire risk in ZIP 07950?
- Risk to homes is higher than 23% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 07950?
- High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 07950?
- 3 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Dover Municipal Well 4, 4.2 mi.
- How many schools serve ZIP 07950?
- 7 schools (4 elementary, 1 middle, 2 high) (NCES, 2022-23).
- Is ZIP 07950 walkable?
- Walkability index: 11.3/20 (EPA Smart Location Database).
- What is the air quality in ZIP 07950?
- Good. Median AQI: 37. (EPA AQI).
- What is the cost of living in ZIP 07950?
- Regional Price Parity: 112.5 (100 = US average) (High) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →