housing costs · New Jersey
Housing costs in Morris County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,904 | ± $30 | evidence → |
| 2019–2023 | $1,860 | ± $26 | evidence → |
| 2018–2022 | $1,814 | ± $32 | evidence → |
| 2017–2021 | $1,713 | ± $33 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $582,500 | ± $5,640 | evidence → |
| 2019–2023 | $557,000 | ± $6,340 | evidence → |
| 2018–2022 | $531,800 | ± $7,184 | evidence → |
| 2017–2021 | $474,500 | ± $4,627 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 28.0 % | ± 0.9 % | evidence → |
| 2019–2023 | 27.6 % | ± 0.7 % | evidence → |
| 2018–2022 | 27.2 % | ± 0.8 % | evidence → |
| 2017–2021 | 26.6 % | ± 0.8 % | evidence → |
In context
Median rent in Morris County is $1,904, above the New Jersey median of $1,623 across 21 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.