Housing & Real Estate — Morristown, New Jersey
Overview
| Total Housing Units | 9,318 |
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| Occupied | 8,907 |
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| Vacant | 411 |
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| Owner-Occupied | 3,213 |
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| Renter-Occupied | 5,694 |
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| Median Home Value (Census) | $567,600 |
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| Estimated 2026 | ~$604,000 |
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| Median Rent | $2,171/mo |
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| Median Property Tax | $10,001/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 21.5% |
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| Severely Rent-Burdened | 29.6% |
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Housing Age
| Built 2010 or later | 1,538 |
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| Built 2000-2009 | 784 |
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| Built 1990-1999 | 648 |
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| Built before 1960 | 3,655 |
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| Median Year Built | 1965 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
