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Whippany

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

Median Home$613,500
Median Rent$2,576/month
Population8,887
Leading IndustriesEducation · Arts, Food & Hospitality · Public Administration3% education
Home Value Growth⬆⬆+16.3% over 2 years
Young Adults25% of residents
Homeowners86% of occupied units
NotableAmenity Score81/100 · highly walkable area
NotableHigh Incomes$157k/year · top 3% nationally
Whippany
NJ

Frequently Asked Questions

What are today's mortgage rates in Whippany?

As of today, the 30-year fixed mortgage rate for Whippany is approximately 6.825% (6.859% 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 Whippany?

The median home value in Whippany is $614k. The median monthly rent is $2,576. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Whippany?

Home values in Whippany have increased 16.3% 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 Whippany?

Based on a typical all-in ownership cost of $2,231/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $96k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Whippany is $157k/year.

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What industries drive the economy in Whippany?

The largest employment sectors in Whippany are public administration (28%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.