Median home value in zip code 07054 (Parsippany, NJ) is $706,256, up 2.5% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$706,256

YoY Change

+2.5%

Prices rising — worse for buyers.

Affordability

Enter your income for 07054 (Parsippany).

Income (annual)

Down Payment

$141,251 on $706,256

Example: $75,000 household income. Change it above to see your own.

Out of reach67.3% 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.

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