Rental market snapshot for Morristown, New Jersey

Morristown, New Jersey Rental Property Market Overview

The average rent for an apartment in Morristown is $2,983. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 6.9% over the past year.

Morristown is a town in Morris County, New Jersey, United States. It is the county seat of Morris County. Morristown has been called "the military capital of the American Revolution" because of its strategic role in the war for independence from Great Britain. Today, this history is visible in a number of buildings from the era, such as the Morristown Green, the Ford Mansion, and Jockey Hollow. The town has a population of 18,411, according to the 2010 United States Census.

Last Updated December 23, 2022

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Average monthly rent graph in Morristown New Jersey | Cost of Living

  • The most expensive ZIP Code in Morristown is 07960 with an average price of $2,895
  • The cheapest ZIP Code in Morristown is 07960 with an average price of $2,600

Morristown ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
107960$2,895

Live near Morristown, New Jersey's Top Sights and Attractions

Morristown National Historical Park commemorates the site of the Continental Army's winter encampment at Morristown during the Revolutionary War. The park includes Jockey Hollow, where the soldiers camped; the Ford Mansion, which served as George Washington's headquarters; and the New Jersey Brigade Encampment site.

Fort Nonsense is a small, grassy hill located in Morristown, New Jersey. The fort was built during the Revolutionary War by General George Washington and his troops. Today, the fort is a popular spot for picnics, hiking, and enjoying views of the surrounding area.

Fort Nonsense is a small, grassy hill located in Morristown, New Jersey. It is believed to be the site of a Revolutionary War fort that was used to protect the town from British troops.

Speedwell Park is a beautiful park located in the heart of Morristown, New Jersey. The park features a large pond, a walking trail, and a playground. The pond is a popular spot for fishing, and the walking trail is a great way to get some exercise. The playground is a great place for kids to play.

Morristown National Historical Park commemorates the site of the Continental Army's winter encampment at Morristown during the Revolutionary War. The park includes Jockey Hollow, where the soldiers camped; the Ford Mansion, which served as George Washington's headquarters; and the New Jersey Brigade Encampment site.

Burnham Park is a large park located in the center of Morristown, New Jersey. The park features a large pond, a playground, a basketball court, and a picnic area.

Morristown Green is a park located in the center of Morristown, New Jersey. The park is home to a variety of events throughout the year, including concerts, festivals, and farmers markets. The Green is also a popular spot for lunchtime picnics and afternoon strolls.

The Mozzarella Museum is a small museum located in Morristown, New Jersey. The museum is dedicated to the history and production of mozzarella cheese. Visitors can learn about the history of mozzarella cheese and how it is made. The museum also features a small shop where visitors can purchase mozzarella cheese and other cheese-related products.

Morristown, New Jersey area median rent change by ZIP Code map

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How does Morristown compare to other cities in New Jersey ?

citymedian price
West New York$2,373
Montclair$2,970
Madison$2,495
Camden$1,100
Lodi$1,895
Evesham$2,195
Highland Park$1,790
East Orange$1,749
Nutley$1,650

Average household income in Morristown area graph - US Census

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The median household income in Morristown in 2021 was $111,130. This represents a 77.5% change from 2011 when the median was $62,600.

#categorypercent
0Less than $10,0004.7%
1$10,000 to $14,9994.0%
2$15,000 to $19,9993.3%
3$20,000 to $24,9991.0%
4$25,000 to $29,9991.1%
5$30,000 to $34,9992.5%
6$35,000 to $39,9992.8%
7$40,000 to $44,9991.3%
8$45,000 to $49,9990.9%
9$50,000 to $59,9996.3%
10$60,000 to $74,9997.0%
11$75,000 to $99,99911.9%
12$100,000 to $124,9998.6%
13$125,000 to $149,9998.2%
14$150,000 to $199,99914.2%
15$200,000 or more22.1%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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