Morris Plains, NJ—07950
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$693,000
2.5% YoY Growth
Household Income
$148,000
18.8% YoY Growth
Days on Market
49
1.0% Shorter YoY
Home Price Forecast
1.4%
Median Rent
$2,900
7.6% YoY Growth
1-Bed Rent
$2,000
3.0% YoY Growth
2-Bed Rent
$3,000
5.1% YoY Growth
3-Bed Rent
$3,800
2.5% YoY Growth
Home Price Trends — Morris Plains, NJ
As of Dec '25, the median home price in Morris Plains, NJ is $693,000, with a year-over-year change of 2.5%. This indicates that home prices in Morris Plains, NJ are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $693,000 | 2.5% |
| Single Family | $715,000 | 2.0% |
| Condos | $381,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |