Morris County, NJ Average Home Price (2026)
The average home price in Morris County, New Jersey is about $718,000 (the 2026 median across 45 ZIP codes, at ~$327/sq ft) — 25% more expensive than the New Jersey median and 148% more expensive than the typical U.S. home.
How Morris County compares
Morris County is relatively expensive for housing nationally: its typical home costs $718,000 against $573,000 for New Jersey and $289,000 for the U.S. Within the county, ZIP-level values run from about $485,000 to $2,118,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Morris County | $718,000 | $327 |
| New Jersey | $573,000 | $327 |
| United States | $289,000 | $193 |
Morris County home prices by ZIP code
The 15 most valuable ZIP codes in Morris County (of 45 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 07976 New Vernon | $2,118,000 | $1115 | +195% |
| 07928 Chatham | $1,370,000 | $449 | +91% |
| 07046 Mountain Lakes | $1,199,000 | $376 | +67% |
| 07945 Mendham | $1,123,000 | $395 | +56% |
| 07935 Green Village | $1,093,000 | $575 | +52% |
| 07940 Madison | $1,062,000 | $456 | +48% |
| 07932 Florham Park | $1,051,000 | $405 | +46% |
| 07058 Pine Brook | $924,000 | $354 | +29% |
| 07930 Chester | $924,000 | $323 | +29% |
| 07946 Millington | $909,000 | $406 | +27% |
| 07960 Morristown | $904,000 | $398 | +26% |
| 07082 Towaco | $869,000 | $327 | +21% |
| 07936 East Hanover Township | $856,000 | $386 | +19% |
| 07045 Montville | $822,000 | $265 | +14% |
| 07869 Randolph | $814,000 | $353 | +13% |
Home value appreciation in Morris County
Home prices in Morris County have risen about 68% over the last 10 years (≈5.3% a year) and +50.2% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +5.9% — still rising. A home worth $718,000 today was worth roughly $426,366 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, New Jersey is +87.7% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Morris County
Run the numbers for Morris County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Morris County
To buy the typical $718,000 home in Morris County with 20% down, you need a household income of roughly $195,000 a year (about $4,560 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $232,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $35,900 | $5,670/mo | $243,000/yr |
| 10% (+PMI) | $71,800 | $5,420/mo | $232,000/yr |
| 20% | $143,600 | $4,560/mo | $195,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Morris County
At about $327 per square foot, here is roughly how much home different budgets get you in Morris County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $400k | 1220 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1530 sq ft | below the local median — condos, smaller or older homes |
| $600k | 1830 sq ft | around the typical home here |
| $750k | 2290 sq ft | around the typical home here |
| $1.00M | 3060 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to New Jersey.
Estimate a specific home in Morris County
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Morris County home prices: frequently asked
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Browse all New Jersey cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.