Morristown, Morris County, NJ Housing Trends, Rent, Price-to-Rent

Market Summary

Morristown, Morris County, NJ

Median Home Price Price

$840,383 $840.4K

Median Monthly Rent Rent

$2,927 $2.9K

GRM

24.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Morristown, NJ is $2,927, with MoM change +$32 and YoY change +$260 pointing to positive momentum while volatility is low (std $66).

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Metric

Base market Morristown, NJ

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Delta vs base

Median rent

$2,927

N/A

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Median price

$840,383

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YoY change

+$260

N/A

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Price-to-rent

23.9x

Data unavailable

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