Zip 07981 (Whippany, NJ) Housing

In 07981 Whippany, NJ, the median value of housing is $578,400, which is significantly higher than the US House Median Value of $338,100. Although the 1 year appreciation rate for homes in the US is 8.27%, in Whippany it is slightly lower at 6.48%. This indicates that while housing prices are still increasing in Whippany, it may be at a lower rate than other parts of the US.

The median home cost in Whippany (zip 07981) is $578,400. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Whippany (zip 07981) is up 12.1%.

Average Age of Homes

- The median age of Whippany (zip 07981) real estate is 47 years old

The Rental Market in Whippany (zip 07981)

- Renters make up 12.0% of the Whippany (zip 07981) population
- 0.2% of houses and apartments in Whippany (zip 07981), 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	Whippany, New Jersey	United States
	3,892.0	139,647,020.0
	46	42
	$578,400	$338,100
	12.1%	16.6%
	29.3%	57.0%
	44.3%	101.1%
	$22.02	$10.98
	$8,039	$2,690
	86.3%	57.4%
	2.1%	11.2%
	11.6%	31.4%
Vacant Housing
	0.2%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.1%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	2.8%	3.9%
	0.0%	4.5%
	1.3%	11.3%
	0.6%	13.0%
	2.1%	20.1%
	14.9%	13.6%
	21.3%	8.3%
	43.8%	9.7%
	11.1%	3.9%
	2.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.6%	13.6%
	7.6%	13.6%
	20.1%	13.6%
	6.0%	13.2%
	13.2%	14.8%
	20.1%	13.6%
	25.3%	10.0%
	1.2%	4.7%
	4.8%	12.2%

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