Parsippany, NJ Housing

Parsippany, NJ is known for its high housing values. According to recent data, the median value of a home in Parsippany, NJ is $543,200—nearly $200,000 more than the national median housing value of $338,100. Additionally, the 1 year house appreciation rate in Parsippany is 13.90%, which is significantly higher than the 8.27% appreciation rate nationally. This indicates that the housing market in Parsippany is booming and is an attractive place to buy a new home.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Parsippany, New Jersey	United States
	9,026.0	139,647,020.0
	53	42
	$543,200	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$22.02	$10.98
	$10,001	$2,690
	46.8%	57.4%
	3.7%	11.2%
	49.5%	31.4%
Vacant Housing
	1.8%	1.9%
	0.1%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	0.3%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	0.1%	2.6%
	0.0%	2.4%
	1.1%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	1.2%	11.3%
	0.2%	13.0%
	4.9%	20.1%
	25.9%	13.6%
	30.3%	8.3%
	35.3%	9.7%
	0.6%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.5%	13.6%
	2.5%	13.6%
	6.7%	13.6%
	12.1%	13.2%
	20.6%	14.8%
	6.7%	13.6%
	14.9%	10.0%
	4.9%	4.7%
	2.4%	12.2%