All Countries
Parsippany, NJ
Full City Profile · New Jersey · Morris County County
4.0
/5.0
A
Great
21,869
Population
3,591/sq mi density
$102,152
Median Income
$55,467 per capita
$540,800
Home Value
$1,156,954 Zillow
$1,732
Median Rent
24.7% income on rent
52°F
Avg Temperature
275 sunny days/yr
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.7 / 5.0
$102,152 median income, 3.7% unemployment
B+
Affordability
3.7 / 5.0
$540,800 home value, $1,732/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
60.0% bachelor's degree or higher
Housing Overview
Median Home Value
$540,800
92% above
US avg: $281,900
Median Rent
$1,732/mo
49% above
US avg: $1,163/mo
Homeownership Rate
49.3%
25% below US avg (65.4%)
Total Housing Units
9,124
Median year built: 1968
Home Value by Source
Census Median
$540,800
Zillow (ZHVI)
$1,156,954
Median Sale Price
$650,000
Median List Price
$768,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
49.3%
Owner-Occupied
50.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,732/mo
· Zillow rent:
$2,591/mo
Market Indicators (Redfin)
Median Days on Market
42 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$337
Active Inventory
11
homes for sale
Affordability & Housing Stock
Rent Burden
24.7%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
49.3%
Complete Housing Data
Home Values
| Census Median Value | $540,800 |
| Zillow Home Value (ZHVI) | $1,156,954 |
| Median Sale Price | $650,000 |
| Median List Price | $768,000 |
| Price Per Sq Ft | $337 |
Rent
| Census Median Rent | $1,732 |
| Zillow Rent (ZORI) | $2,591 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 42 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 5 |
| Active Inventory | 11 |
| Price Per Sq Ft | $337 |
Ownership & Stock
| Owner-Occupied | 49.3% |
| Renter-Occupied | 50.7% |
| Homeownership Rate | 49.3% |
| Total Housing Units | 9,124 |
| Median Year Built | 1968 |
| Rent Burden | 24.7% |