The story of this market
The typical home in Morris County, New Jersey sells for about $677,000, or $331 per square foot.
Prices are roughly flat from a year ago (-0.99%), a market in balance. Homes take about 36 days to sell. Over the long run, values in this county have grown 146% since 2000. Last year 92 of 110 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is winter weather, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $2,233 a month.
HUD sets the fair market rent for a 2-bedroom at $2,233 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+5.7%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+15.7%). Worst: 2009 (-6.8%). Hover to read a year.
Monthly price momentum
Home values since 2015
+5%
NJ · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,785
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+5.7%
2025 change
FHFA repeat-sales index, median of 110 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
49
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $208,123,650.
Mortgage activity
Home lending in this county
76.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 23784 | 12449 | 76.2% | 4% | $485,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Morris County, New Jersey
The Morris County housing market is currently experiencing a period of price stabilization with a year-over-year median listing price change of -0.99%. Inventory levels remain constrained at 818 active listings, while the median days on market has increased to 36 days as of July 2026.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 1 city · 1 ZIP report
Median prices moved up 2.4% year over year.
Homes spend a median of 36 days on market with 2.6 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 99.3% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 0.0% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Oct 13, 2026.
No researched ZIP reports yet — ZIP discovery runs with the county's first refresh, and each ZIP's intel report appears here once its research lands.
The crime rate for Morris County was recorded at 8.8 victims for every 1,000 inhabitants, reflecting a decrease of 11 percent compared to the previous year.
- American Dream4.525 mi
- Supercharged Entertainment4.823.5 mi
- Mountain Creek Water Park424.9 mi
- DreamWorks Water Park4.325 mi
- Nickelodeon Universe Theme Park4.524.9 mi
- American Dream4.525 mi
- MetLife Stadium4.524.7 mi
- Madison Square Garden4.729.5 mi
- Javits Center4.629 mi
- Prudential Center4.520.8 mi
- Essex County Turtle Back Zoo4.614.7 mi
- Branch Brook Park4.619.8 mi
- Paterson Great Falls National Historical Park4.519.9 mi
- The Funplex4.39 mi
- Dave & Buster's Wayne4.115.4 mi
- Empire State Building4.729.9 mi
- 9/11 Memorial & Museum4.829.1 mi
- Statue of Liberty4.728.1 mi
- One World Trade Center4.829.1 mi
- Whitney Museum of American Art4.528.9 mi
- Branch Brook Park4.619.8 mi
- Paterson Great Falls National Historical Park4.519.9 mi
- Eagle Rock Reservation4.816.4 mi
- Garret Mountain Reservation4.719.8 mi
- Hemlock Falls4.614.7 mi
- Lee's County Park Marina4.38.2 mi
- Mason Street Grille4.410.9 mi
- Bridge Marina4.89.6 mi
- Lakeview Marina4.29.6 mi
- Lake's End Marina4.47.9 mi
- Galloping Hill Golf Course4.417.4 mi
- Fiddler's Elbow Country Club4.716.2 mi
- Trump National Golf Club Bedminster414.7 mi
- Baltusrol Golf Club4.714.5 mi
- Rock Spring Golf Club4.215.4 mi
- The Mall at Short Hills4.511.5 mi
- Willowbrook4.415.5 mi
- Bridgewater Commons4.417.5 mi
- Alstede Farms4.29.5 mi
- Rockaway Townsquare4.45.1 mi
- Newark Liberty International Airport3.721.8 mi
- Teterboro Airport4.425.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Data retrieved from U.S. Census Bureau QuickFacts V2025
applies when — Land actively devoted to agricultural or horticultural use meeting specific acreage and income requirements
Property is assessed based on its productive capability for agricultural use rather than its full market value, resulting in a lower tax burden.
N.J.S.A. 54:4-23.1 et seq.
New Jersey is a judicial foreclosure state, requiring lenders to file a lawsuit in Superior Court. Lenders must provide a Notice of Intention to Foreclose at least 30 days prior to commencing the action.
N.J.S.A. 2A:50-53 et seq.; NJ Courts Foreclosure procedures.
Sellers must provide a specific flood risk addendum to buyers as part of the property disclosure process.
Effective August 1, 2024, per New Jersey Division of Consumer Affairs regulations.
Sellers are required to provide a standardized disclosure statement regarding the physical condition of the property to prospective buyers.
Effective August 26, 2026, per New Jersey Division of Consumer Affairs regulations.
Tax is calculated as (Assessed Value * Tax Rate). Assessed value is determined by the municipal assessor at 100% of true market value. The tax rate is set by local taxing districts to cover municipal, county, and school budgets.
N.J.S.A. 54:4-1 et seq.; Article VIII, Section 1, paragraph 1 of the New Jersey Constitution.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.