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Port Morris

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

Median Home$415,800
Median Rent$1,705/month
Population830
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare3% education
Home Value Growth⬆⬆⬆+23.2% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners82% of occupied units
NotableHigh Incomes$113k/year · top 11% nationally
NotableHighly Educated27% bachelor's · 13% graduate · top 14% nationally
Port Morris
NJ

Frequently Asked Questions

What are today's mortgage rates in Port Morris?

As of today, the 30-year fixed mortgage rate for Port Morris is approximately 6.874% (6.909% 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 Port Morris?

The median home value in Port Morris is $416k. The median monthly rent is $1,705. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Port Morris?

Home values in Port Morris have increased 23.2% 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 Port Morris?

Based on a typical all-in ownership cost of $1,968/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $84k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Port Morris is $113k/year.

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What industries drive the economy in Port Morris?

The largest employment sectors in Port Morris are public administration (17%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.