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2024 Compare Cities Housing:
Princeton, NJ vs Morristown, NJ

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Highlights
- The median age of a home in Princeton is 5.3% younger than the median age of a home in Morristown.

Housing
 Princeton, NJMorristown, NJUnited States
 Median Home Age576042
 Median Home Cost$868,000$728,200$338,100
 Home Appr. Last 12 months18.4%12.1%16.6%
 Home Appr. Last 5 yrs.45.9%29.3%57.0%
 Home Appr. Last 10 yrs.62.6%44.3%101.1%
 Property Tax Rate$27.6$22.0$11.0
 Homes Owned52.5%34.2%57.4%
 Housing Vacant10.9%5.8%11.2%
 Homes Rented36.6%60.0%31.4%
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 Avg Rent For Home Or Apartment
 Princeton, NJMorristown, NJUnited States
 Average Rent$2,650$2,960$1,840
 Studio Apartment$1,470$1,660$1,080
 1 Bedroom Home or Apartment$1,690$1,970$1,180
 2 Bedroom Home or Apartment$2,220$2,360$1,430
 3 Bedroom Home or Apartment$2,690$3,000$1,860
 4 Bedroom Home or Apartment$2,970$3,520$2,160
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 Vacant Housing
 Princeton, NJMorristown, NJUnited States
 Vacant For Rent1.1%5.0%1.9%
 Vacant Rented0.0%0.0%0.4%
 Vacant For Sale0.5%0.2%0.7%
 Vacant Sold0.2%0.0%0.4%
 Vacant Vacation1.5%0.1%3.6%
 Vacant Other7.6%0.5%4.1%
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 Owner-Occupied Housing Value
 Princeton, NJMorristown, NJUnited States
 Less Than $20,0000.6%0.0%2.6%
 $20,000 to $39,9990.4%1.0%2.4%
 $40,000 to $59,9990.3%0.0%2.8%
 $60,000 to $79,9990.0%0.0%3.9%
 $80,000 to $99,9990.0%0.0%4.5%
 $100,000 to $149,9991.8%1.7%11.3%
 $150,000 to $199,9991.1%0.0%13.0%
 $200,000 to $299,9991.0%6.0%20.1%
 $300,000 to $399,9993.5%23.0%13.6%
 $400,000 to $499,9991.4%26.5%8.3%
 $500,000 to $749,99925.0%28.7%9.7%
 $750,000 to $999,99925.8%8.9%3.9%
 $1,000,000 to $1,499,99921.3%4.3%2.2%
 $1,500,000 to $1,999,9997.6%0.0%0.8%
 $2,000,000 and over10.1%0.0%1.1%
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 Housing Units By Year Built
 Princeton, NJMorristown, NJUnited States
 2015 and Newer0.1%0.0%0.2%
 2010 to 20147.1%6.9%13.6%
 2000 to 20097.1%6.9%13.6%
 1990 to 19998.2%8.1%13.6%
 1980 to 19897.1%8.8%13.2%
 1970 to 19797.9%7.6%14.8%
 1960 to 19698.2%8.1%13.6%
 1950 to 195917.4%14.9%10.0%
 1940 to 19495.0%7.3%4.7%
 1939 or Earlier22.3%26.6%12.2%

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Reviews for Princeton    5 Reviews

Many cities have colleges in them, but Princeton's character and quality of life are very deeply influenced by having such an outstanding school contributing to all  More

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Over 15 years ago

police are very quick to respond and resolve crime problems. very safe place to live. when you feel safe, all other issues are  More

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You'll never lose on a real estate investment in Princeton. It has that cache that people always desire. McCarter Theatre, University concerts, fine dining, great  More

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Reviews for Morristown    3 Reviews

Over 10 years ago

Morristown has great stores and restaurants. We love the easy access to NYC (50 minute train ride). Cost of living is pretty high (due to taxes) and the weather can be  More

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Hello all, I am new here was asked to comment on my area of the planet where I have lived for the last 12 years. Morristown is the county seat of Morris County. The  More

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Over 16 years ago

Morristown has a great variety of opportunities in many ways. A close 50 minute commute to Manhattan, it is very metropolitan while also has the best of suburban and  More

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ZIPS IN PRINCETON, NEW JERSEY
08540 08542
ZIPS IN MORRISTOWN, NEW JERSEY
No Zip Codes Here.

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