Median home value in zip code 07960 (Morristown, NJ) is $862K, up 5.0% 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$861,560

YoY Change

+5.0%

AFFORDABILITY

Enter your income for 07960 (Morristown).

Income (annual)

Down Payment

$172,312 on $861,560

Out of reach — 81.7% of income

Need $218,786/yr to afford.

PITI$5,105

P/I81.7%

Afford$295K

Gap-$566K

P&I $4,357Tax $632Ins $117

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

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

Metro Analysis

07960 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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