Morris County, NJ home prices
Morris County, NJ: the typical home is worth $713,369 as of 2026-05, up +3.5% over the past year and +181.9% since 2000. Listings run about $342/sq ft…
Morris County is cooling and overvalued — affordable for what people here earn.
Real Estate Price Map scores, derived from the data on this page · how we calculate them
1975: $42,917 → 2026: $713,369 (16.6×) pre-2000 estimated via FHFA index
Market read
At $713,369, homes in Morris County sit 21% above the New Jersey median ($587,181) and 205% above the US median ($233,954). That ranks #4 of 21 New Jersey counties by price.
Prices are holding steady (+3.5% in the last year) — a balanced market.
Homes here sell fast — a median 29 days on the market, with 7% of listings cutting their asking price.
At 5.3× local income, that's pricier than the typical US county (~3.8×).
Against the typical US price-to-income and price-to-rent, homes here look ~29% expensive for local incomes and rents.
Renting looks cheaper — buying the typical home runs ~$3,521/mo (P&I, 20% down) vs $2,891/mo to rent.
Home value history
Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →
Nearby counties
Essex County, NJ ($668,383) · Passaic County, NJ ($598,901) · Union County, NJ ($633,082) · Somerset County, NJ ($666,922) · Sussex County, NJ ($446,143) · Warren County, NJ ($423,462)
Frequently asked questions
What is the average home price in Morris County, NJ?
Are home prices in Morris County rising or falling?
Is Morris County affordable?
What is the rental yield in Morris County?
How fast do homes sell in Morris County?
| Year | Median home value |
|---|---|
| 2000 | $253,018 |
| 2001 | $281,148 |
| 2002 | $310,353 |
| 2003 | $350,157 |
| 2004 | $389,645 |
| 2005 | $439,882 |
| 2006 | $489,975 |
| 2007 | $491,979 |
| 2008 | $477,561 |
| 2009 | $431,445 |
| 2010 | $418,415 |
| 2011 | $406,656 |
| 2012 | $385,541 |
| 2013 | $397,262 |
| 2014 | $416,231 |
| 2015 | $436,730 |
| 2016 | $451,648 |
| 2017 | $453,947 |
| 2018 | $463,837 |
| 2019 | $473,303 |
| 2020 | $476,746 |
| 2021 | $509,135 |
| 2022 | $553,247 |
| 2023 | $581,838 |
| 2024 | $636,463 |
| 2025 | $682,575 |
| 2026 | $702,864 |