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Morris County

Learn about the people, housing, costs and businesses in Morris County County

Median Home$608,744
Median Rent$2,189/month
Population514,528
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services14% arts, food & hospitality
Home Value Growth⬆⬆+19.6% over 2 years
Young Adults26% of residents
Homeowners74% of occupied units
NotableHigh Incomes$151k/year · top 1% nationally
NotableHighly Educated34% bachelor's · 18% graduate · top 1% nationally
Morris County
NJ

Frequently Asked Questions

What are today's mortgage rates in Morris County?

As of today, the 30-year fixed mortgage rate for Morris County is approximately 6.905% (6.928% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Morris County
What is the median home price in Morris County?

The median home value in Morris County is $609k. The median monthly rent is $2,189. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morris County?

Home values in Morris County have increased 19.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Morris County?

Based on a typical all-in ownership cost of $2,478/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $106k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morris County is $151k/year.

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What industries drive the economy in Morris County?

The largest employment sectors in Morris County are public administration (23%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas