Median home value: $861K (+4.6% YoY). Rent: $2,883/mo. Price-to-rent: 24.9x. Part of New York-Newark-Jersey City, NY-NJ-PA.

Limited Data

Basic Zillow data only. For stress scores, AI analysis, and trends, New York-Newark-Jersey City, NY-NJ-PA metro page.

Home Value$860,793

+4.6%

Rent$2,883/mo

AFFORDABILITY

Enter your income for Morristown.

Income (annual)

Down Payment

$172,159 on $860,793

Out of reach — 96.3% of income

Need $257,871/yr to afford.

PITI$6,017

P/I96.3%

Afford$250K

Gap-$610K

P&I $4,129Tax $1,772Ins $117

Renting $3,134/mo cheaper ($2,883 rent)6.00% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

MORRISTOWN, NJ