Property Prices in Morristown, NJ, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.24 |
| Mortgage as Percentage of Income: | 19.65% |
| Loan Affordability Index: | 5.09 |
| Price to Rent Ratio - City Centre: | 4.96 |
| Price to Rent Ratio - Outside of Centre: | 4.44 |
| Gross Rental Yield (City Centre): | 20.16% |
| Gross Rental Yield (Outside of Centre): | 22.53% |
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Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | 2,666.67 $ | |
| 1 Bedroom Apartment Outside of City Centre | 2,566.67 $ | |
| 3 Bedroom Apartment in City Centre | 4,200.00 $ | |
| 3 Bedroom Apartment Outside of City Centre | 3,800.00 $ | |
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) | 5,595.33 $ | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.26 |
These data are based on 27 entries from 7 contributors over the past 18 months.
Last update: 16 July 2025
Sources and References
Nearby Cities:| Property Prices in Parsippany-Troy Hills, New Jersey | 6.00 miles |
| Property Prices in West Caldwell, New Jersey | 12.81 miles |
| Property Prices in Berkeley Heights, New Jersey | 13.85 miles |
| Property Prices in East Orange, New Jersey | 16.72 miles |
| Property Prices in Flanders, New Jersey | 18.30 miles |
| Property Prices in Newark, New Jersey | 19.47 miles |
| Property Prices in Paterson, New Jersey | 21.75 miles |
| Property Prices in Saddle Brook, New Jersey | 25.54 miles |
| Property Prices in Jersey City, New Jersey | 25.97 miles |
| Property Prices in Rutherford, New Jersey | 26.19 miles |
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