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Whippany, NJ

Full City Profile · New Jersey · Morris County County

3.8 /5.0
B+ Good
8,862 Population 1,580/sq mi density
$153,725 Median Income $77,553 per capita
$612,500 Home Value $1,009,491 Zillow
$2,619 Median Rent 35.0% income on rent
52°F Avg Temperature 275 sunny days/yr
17 Violent Crime/100K 860 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$153,725 median income, 2.7% unemployment
A
Affordability
4.4 / 5.0
$612,500 home value, $2,619/mo rent
F
Safety
1.0 / 5.0
17 violent crimes/100K
A+
Education
5.0 / 5.0
55.2% bachelor's degree or higher

Housing Overview

Median Home Value
$612,500
117% above
US avg: $281,900
Median Rent
$2,619/mo
125% above
US avg: $1,163/mo
Homeownership Rate
88.8%
36% above US avg (65.4%)
Total Housing Units
3,771
Median year built: 1975

Home Value by Source

Census Median
$612,500
Zillow (ZHVI)
$1,009,491
Median Sale Price
$650,000
Median List Price
$775,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

88.8%
Owner-Occupied
11.2%
Renter-Occupied
89%
11%
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: $2,619/mo

Market Indicators (Redfin)

Median Days on Market
10 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
3
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$475
Active Inventory
5
homes for sale

Affordability & Housing Stock

Rent Burden
35.0%
of renters spending 30%+ of income on housing
13% above US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
88.8%

Complete Housing Data

Home Values

Census Median Value$612,500
Zillow Home Value (ZHVI)$1,009,491
Median Sale Price$650,000
Median List Price$775,000
Price Per Sq Ft$475

Rent

Census Median Rent$2,619
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 Market10
Sale-to-List Ratio1.1%
Price Drops0.0%
Homes Sold3
Active Inventory5
Price Per Sq Ft$475

Ownership & Stock

Owner-Occupied88.8%
Renter-Occupied11.2%
Homeownership Rate88.8%
Total Housing Units3,771
Median Year Built1975
Rent Burden35.0%