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

Index Info
Price to Income Ratio: 3.12
Mortgage as Percentage of Income: 23.63%
Loan Affordability Index: 4.23
Price to Rent Ratio - City Centre: 8.48
Price to Rent Ratio - Outside of Centre: 8.27
Gross Rental Yield (City Centre): 11.79%
Gross Rental Yield (Outside of Centre): 12.09%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,711.67 $ 1,300.00-2,235.00
Apartment (1 bedroom) Outside of Centre 1,305.33 $ 1,200.00-1,400.00
Apartment (3 bedrooms) in City Centre 2,283.33 $ 1,600.00-2,850.00
Apartment (3 bedrooms) Outside of Centre 1,900.00 $ 1,600.00-2,100.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 260.00 $ 250.00-270.00
Price per Square Feet to Buy Apartment Outside of Centre 200.00 $ 200.00-200.00
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,966.67 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.47 3.50-4.54

These data are based on 28 entries in the past 18 months from 5 different contributors.
Last update: June 2021

Sources and References
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