Housing in 07950 Morris Plains, NJ has a median value of $556,100. This is significantly higher than the US house median value of $338,100 and it is also an area with experienced lower appreciation over the past year, with 6.48% compared to 8.27% on a national level. Despite this lower house appreciation rate, 07950 Morris Plains continues to remain a desirable place to live attracting people looking for higher housing values.
The median home cost in Morris Plains (zip 07950) is $556,100. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Morris Plains (zip 07950) is up 12.1%.
Average Age of Homes
- The median age of Morris Plains (zip 07950) real estate is 48 years old
The Rental Market in Morris Plains (zip 07950)
- Renters make up 17.1% of the Morris Plains (zip 07950) population
- 0.8% of houses and apartments in Morris Plains (zip 07950), 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.