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NJ area data

Morristown, NJ

Aggregated across 2 ZIP codes in Morristown.

Population: 47,035 (Census ACS)

The median home value in Morristown, NJ is $917,503 — up 6.0% over the past year. Homes sell for a median $800,000 after a median 318 days on market. Typical rent runs $2,951/month. 12 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 10.7% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$917,503

Median home value

+6.0%

1-year change

318

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$917,503
1-year appreciation
+6.0%
3-year appreciation
+19.2%
5-year appreciation
+34.7%
10-year appreciation
+56.5%
All-time peak (2026-07)
$917,503
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
$800,000
Median list price
$924,950
Median price per sqft
$289
1-year sale-price change
+15.5%
Median days on market
318 days
Homes sold (recent period)
1
For-sale inventory
99
Sale-to-list ratio
100.0%
Active listings
6
1-year forecast
+2.5%
Days to pending
26 days
New listings (monthly)
43

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,951/mo
1-year rent change
+2.0%
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)
110.7 (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
12
Elementary schools
7
Middle schools
1
High schools
1
Charter schools
1
School districts serving the area
Unity Charter School, OFFICE OF EDUCATION DEPARTMENT OF CHILDREN AND FAMILIES, Morris School District
Schools include
Unity Charter School, Morris Regional School, Normandy Park School, Morristown High School, Alexander Hamilton

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 (varies by location)
includes C
Flood risk level
Minimal
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
1
Nearest Superfund site
Rolling Knolls Landfill (3.5 mi)
EPA recommends radon testing for every home regardless of zone.

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
55.0°F
Average high
63.0°F
Average low
46.0°F
Annual precipitation
52.9 in
Annual snowfall
15.1 in
USDA plant hardiness zone
7a (extreme annual low 0 to 5°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
310
Days with Moderate air quality
51
Days with Unhealthy air quality
1
Highest AQI recorded (year)
131

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
15.3 / 20
Transit service frequency
963
Jobs reachable by car (30 min)
180,847
Jobs reachable by transit (45 min)
142,918

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
44
Nearest national park
Morristown National Historical Park (2 mi)
National parks include
Morristown National Historical Park, Thomas Edison National Historical Park, Paterson Great Falls National Historical Park
Airports within 30 mi
55
Nearest airport
Morristown Municipal Airport (MMU) (2 mi)
Nearest major airport
Morristown Municipal Airport (MMU) (2 mi)
Hospitals nearby (~15 mi)
71
Hospitals include
NEWARK BETH ISRAEL MEDICAL CENTER, CLARA MAASS MEDICAL CENTER, CHILTON MEDICAL CENTER
Avg hospital rating (CMS)
2.7 / 5
Best hospital rating nearby (CMS)
4.5 / 5
EV charging stations (within 10 mi)
135
Solar radiation rating
Fair (4.0 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
1,969
Housing built before 1970
51.0%
Housing built 2000 or later
17.6%
Median annual property tax
$10,001
Mean commute to work
21 min
Households with broadband internet
88.5%

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

MorristownState medianUS median
Median home value$917,503$577,759$289,727
Median sale price$800,000$555,000$325,000
Median days on market318 days42 days51 days
Typical rent$2,951/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 Morristown, NJ?
$917,503.
What is the median sale price in Morristown, NJ?
$800,000.
How long do homes take to sell in Morristown, NJ?
Median days on market: 318 days.
What is typical rent in Morristown, NJ?
Typical rent: $2,951/month.
What is the natural-hazard risk in Morristown, NJ?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: winterWeather, coldWave, inlandFlooding, lightning, strongWind.
Is Morristown, NJ in a flood zone?
Minimal (FEMA NFIP). Parts of the area include FEMA flood zone C; zones vary by location within the city.
What is the wildfire risk in Morristown, NJ?
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 Morristown, NJ?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Morristown, NJ?
1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Rolling Knolls Landfill, 3.5 mi.
How many schools serve Morristown, NJ?
12 schools (7 elementary, 1 middle, 1 high) (NCES, 2022-23).
Is Morristown, NJ walkable?
Walkability index: 15.3/20 (EPA Smart Location Database).
What is the air quality in Morristown, NJ?
Good. Median AQI: 37. (EPA AQI).
What is the cost of living in Morristown, NJ?
Regional Price Parity: 110.7 (100 = US average) (High) (BEA RPP, metro/state-level).

ZIP codes in Morristown

Selling a home in Morristown, NJ?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents