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

Index Info
Price to Income Ratio: 1.87
Mortgage as Percentage of Income: 16.61%
Loan Affordability Index: 6.02
Price to Rent Ratio - City Centre: 7.64
Price to Rent Ratio - Outside of Centre: 7.44
Gross Rental Yield (City Centre): 13.09%
Gross Rental Yield (Outside of Centre): 13.44%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,833.33 $ 1,800.00-1,900.00
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 2,800.00 $ 2,400.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 280.00 $
Price per Square Feet to Buy Apartment Outside of Centre 230.00 $
Salaries And Financing
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Average Monthly Net Salary (After Tax) 7,333.11 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.40 5.00-6.70

These data are based on 20 entries in the past 18 months from 5 different contributors.
Last update: February 2024

Sources and References
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