Median home value in zip code 07054 (Parsippany, NJ) is $706K, up 2.5% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Full stress scores, AI analysis, and 12-month forecast: New York-Newark-Jersey City, NY-NJ-PA metro →

Home Value$706,256

YoY Change

+2.5%

AFFORDABILITY

Enter your income for 07054 (Parsippany).

Income (annual)

Down Payment

$141,251 on $706,256

Out of reach — 67.3% of income

Need $180,257/yr to afford.

PITI$4,206

P/I67.3%

Afford$294K

Gap-$412K

P&I $3,571Tax $518Ins $117

6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

07054 is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View New York-Newark-Jersey City, NY-NJ-PA analysis

Want deeper metro-level analysis?Stress scores, crash risk, 12-month forecasts, and early warning signals for 195 US metros.

Try Free