Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morris Plains area can be challenging. Home prices in Morris Plains are now at a median cost of $484,702, higher than the New Jersey average of $388,929.
The average cost of rent is $2,252/mo in Morris Plains, primarily driven by the current value of real estate in the Morris Plains area. While nearly 37.15% of residents own their homes outright in Morris Plains, 21.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morris Plains is $11,876 per month. Households that rent pay about 18.96% of their income on rent here. Morris Plains's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Mount Tabor, NJ: less expensive homes
- Cedar Knolls, NJ: higher priced homes
- Denville, NJ: equally priced homes
- Morristown, NJ: higher priced homes
- Whippany, NJ: equally priced homes
- Victory Gardens, NJ: less expensive homes
- Parsippany, NJ: higher priced homes
- Mountain Lakes, NJ: higher priced homes
- Randolph, NJ: higher priced homes
- Dover, NJ: less expensive homes
Cities with Similar Populations
- Rosedale, MD: less expensive homes
- La Vista, NE: less expensive homes
- Lackawanna, NY: less expensive homes
- Lahaina, HI: higher priced homes
- Lealman, FL: less expensive homes
- Lino Lakes, MN: less expensive homes
- Live Oak, FL: less expensive homes
- Livingston, TX: less expensive homes
- Lomita, CA: higher priced homes
- Louisville, OH: less expensive homes
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