Zip 07054 (Parsippany, NJ) Housing

Housing in 07054 Parsippany, NJ is quite expensive with a median value of $553,300 - almost double the US house median value of $338,100. In addition, the 1 year appreciation rate for houses in this area is higher than the national average, coming in at 10.07% compared to 8.27%. This suggests that housing prices are continuing to rise and could be a good investment opportunity for those looking to buy or sell a home.

The median home cost in Parsippany (zip 07054) is $553,300. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Parsippany (zip 07054) is up 13.9%.

Average Age of Homes

- The median age of Parsippany (zip 07054) real estate is 47 years old

The Rental Market in Parsippany (zip 07054)

- Renters make up 43.2% of the Parsippany (zip 07054) population
- 1.3% of houses and apartments in Parsippany (zip 07054), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Parsippany, New Jersey	United States
	12,239.0	139,647,020.0
	52	42
	$553,300	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$22.02	$10.98
	$10,001	$2,690
	48.5%	57.4%
	3.2%	11.2%
	48.3%	31.4%
Vacant Housing
	1.3%	1.9%
	0.1%	0.4%
	0.3%	0.7%
	0.7%	0.4%
	0.2%	3.6%
	0.6%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.0%	2.4%
	0.8%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.8%	11.3%
	0.2%	13.0%
	3.8%	20.1%
	21.2%	13.6%
	28.7%	8.3%
	41.5%	9.7%
	2.2%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	7.3%	13.6%
	10.8%	13.2%
	20.1%	14.8%
	7.3%	13.6%
	13.4%	10.0%
	3.9%	4.7%
	2.6%	12.2%

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Shawn · Denville, NJ

Parsippany, NJ

Over 16 years ago

Live in Parsippany, NJ which is eaily accessible, close to shopping, and has some great recreation. Only 40 minutes away from NYC, an hour from the NJ shores and an More

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