Property Prices in Morristown, NJ, United States
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| Index |  |
|---|---|
| Price to Income Ratio: | 1.94 |
| Mortgage as Percentage of Income: | 17.02% |
| Loan Affordability Index: | 5.88 |
| Price to Rent Ratio - City Centre: | 5.31 |
| Price to Rent Ratio - Outside of Centre: | ? |
| Gross Rental Yield (City Centre): | 18.84% |
| Gross Rental Yield (Outside of Centre): | ? |
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Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 2,366.67 $ | |
| Apartment (1 bedroom) Outside of Centre | 2,400.00 $ | |
| Apartment (3 bedrooms) in City Centre | 4,200.00 $ | |
| Apartment (3 bedrooms) Outside of Centre | ? | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 253.00 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 212.50 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 6,459.50 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.26 |
These data are based on 23 entries from 7 contributors over the past 18 months.
Last update: April 2025
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