Property Prices in Parsippany-Troy Hills, NJ, United States

Index Info
Price to Income Ratio: 1.74
Mortgage as Percentage of Income: 14.72%
Loan Affordability Index: 6.80
Price to Rent Ratio - City Centre: 7.85
Price to Rent Ratio - Outside of Centre: 6.38
Gross Rental Yield (City Centre): 12.73%
Gross Rental Yield (Outside of Centre): 15.68%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,800.00 $ 1,800.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,500.00 $ 1,400.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,200.00 $ 2,900.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 3,200.00 $
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 285.00 $ 270.00-300.00
Price per Square Feet to Buy Apartment Outside of Centre 210.00 $ 200.00-220.00
Salaries And Financing
Average Monthly Net Salary (After Tax) 7,666.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.81 5.43-6.20

These data are based on 14 entries in the past 18 months from 2 different contributors.
Last update: February 2023

Sources and References
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