Morristown, NY—13664
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morristown, NY
As of Oct '25, the median home price in Morristown, NY is $151,000, with a year-over-year change of -2.2%. This indicates that home prices in Morristown, NY are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $151,000 | -2.2% |
| Single Family | $150,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morristown, NY
Morristown, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morristown, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Morristown, NY is 39. This is a decrease of -67.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 70.0% |
Listing Count | 10 | 45.0% |
| Listings as % of Homes | 2.2% | 45.0% |
Days on Market | 39 | -67.0% |
Demographics — Morristown, NY
As of the latest ACS Survey released in 2023, Morristown, NY has a population of 401, which has increased by 37.3% over the past 5 years. Morristown, NY is a moderately popular place for families, as children make up 15.5% of the population. The area has a poorly educated workforce, with 15.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 401 | 37.3% |
% Under 18 | 15.5% | -1.9% |
% Seniors | 26.2% | 4.8% |
% WFH | 7.5% | 15.4% |
% w/ College Degree | 15.9% | -26.7% |
As of the latest ACS Survey released in 2023, Morristown, NY is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Morristown, NY is hispanic, making up 7.0% of the population. Foreign-born residents account for 4.2% of the population in Morristown, NY, and this percentage has increased by 320.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.0% | -5.5% |
% Black | 3.5% | 45.8% |
% Hispanic | 7.0% | 84.2% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 4.2% | 320.0% |
Mortgage and Risk — Morristown, NY
Morristown, NY lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Morristown, NY
Morristown, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | -$190 | $1,500 | $1,310 |
| 3 Bedroom | N/A | N/A | $1,580 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Morristown, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $151,000 |
| Median Household Income | $75,900 |