Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morris County area can be challenging. Home prices in Morris County are now at a median cost of $515,947, higher than the New Jersey average of $388,929.
The average cost of rent is $1,936/mo in Morris County, primarily driven by the current value of real estate in the Morris County area. While nearly 33.34% of residents own their homes outright in Morris County, 24.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morris County is $11,435 per month. Households that rent pay about 16.93% of their income on rent here. Morris County's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the county.
Nearby Counties
- Essex County, NJ: less expensive homes
- Passaic County, NJ: less expensive homes
- Bergen County, NJ: equally priced homes
- Hudson County, NJ: equally priced homes
- Warren County, NJ: less expensive homes
- New York County, NY: higher priced homes
- Bronx County, NY: less expensive homes
- Queens County, NY: higher priced homes
- Nassau County, NY: higher priced homes
- Carbon County, PA: less expensive homes
Counties with Similar Populations
- Anne Arundel County, MD: less expensive homes
- Baltimore City, MD: less expensive homes
- Brevard County, FL: less expensive homes
- Bristol County, MA: less expensive homes
- Jefferson County, CO: equally priced homes
- Douglas County, NE: less expensive homes
- Delaware County, PA: less expensive homes
- Dane County, WI: less expensive homes
- Ramsey County, MN: less expensive homes
- Solano County, CA: equally priced homes
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