Real Estate Price Maphome prices by county

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…

Data as of · by the Real Estate Price Map data team · methodology & sources

Morris County is cooling and overvalued — affordable for what people here earn.

Momentum+3.5%Cooling
Valuation+29%High bubble risk
Affordability7/10Affordable
Market29 daysSeller's market

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

Typical value$713,3692026-05
1-year+3.5%
5-year+34.1%
10-year+57.9%
Since 2000+181.9%
Population523k2024
Median income$134,3082023 · 5.3× income
Median rent$2,891/mo2026 · 4.9% gross yield
New homes/yr2,0552024
Price / sq ft$342listings
Days on market292026-06
Active listings8512026-06
Price cuts7%of listings

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 →

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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?
The typical home in Morris County is worth $713,369 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Morris County rising or falling?
Prices are up +3.5% over the past year and +181.9% since 2000 — a balanced market.
Is Morris County affordable?
At 5.3× the local median income of $134,308, Morris County is pricier than the typical US county.
What is the rental yield in Morris County?
Median rent is $2,891/mo — a gross rental yield of 4.9% on the typical home.
How fast do homes sell in Morris County?
Homes here take a median of 29 days to sell, with 7% of listings cutting their asking price.
Median home value by year
YearMedian 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