Housing & Real Estate — Parsippany, New Jersey
Overview
| Total Housing Units | 9,331 |
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| Occupied | 9,021 |
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| Vacant | 310 |
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| Owner-Occupied | 4,447 |
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| Renter-Occupied | 4,574 |
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| Median Home Value (Census) | $555,400 |
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| Estimated 2026 | ~$591,000 |
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| Median Rent | $1,732/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 | expensive |
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| Rent as % of Income | 20.9% |
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| Severely Rent-Burdened | 32.3% |
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Housing Age
| Built 2010 or later | 392 |
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| Built 2000-2009 | 423 |
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| Built 1990-1999 | 492 |
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| Built before 1960 | 1,877 |
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| Median Year Built | 1968 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
