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Morris Hills Regional

Learn about the people, housing, costs and businesses in Morris Hills Regional, New Jersey

Median Home$481,745
Median Rent$1,990/month
Population57,325
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services14% arts, food & hospitality
Home Value Growth⬆⬆⬆+21.4% over 2 years
Family-Friendly22% of residentsnear the national average
Homeowners78% of occupied units
NotableHighly Educated30% bachelor's · 15% graduate · top 5% nationally
NotableHigh Incomes$136k/year · top 12% nationally
Morris Hills Regional
NJ

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Morris Hills Regional?›

As of today, the 30-year fixed mortgage rate for Morris Hills Regional is approximately 6.840% (6.874% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Morris Hills Regional?›

The median home value in Morris Hills Regional is $482k. The median monthly rent is $1,990. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morris Hills Regional?›

Home values in Morris Hills Regional have increased 21.4% 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 Hills Regional?›

Based on a typical all-in ownership cost of $2,318/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $99k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morris Hills Regional is $136k/year.

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What industries drive the economy in Morris Hills Regional?›

The largest employment sectors in Morris Hills Regional are public administration (22%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.