Morris Plains, NJ Real Estate

According to census data in the year 2000 there were 1,994 housing units in Morris Plains. This represents a 1.5% growth from 1,965 in 1990.

Of those housing units, 1,994 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Morris Plains is about 91.7%. Morris Plains's vacancy rate, including seasonal lodging, is about 2%. Average household size is 2.63 people.

The majority of houses, apartments or condos in Morris Plains were built after 1957.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom6.70%
Two Bedrooms13.10%
Three Bedrooms34.20%
Four Bedrooms38.80%
Five Bedrooms or more6.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1957
Median Value of occupied units$282,500
Median Price asked for vacant units$162,500

Rented Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1957
Median Monthly Rent asked for vacant units$650

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.50%
Home Equity Loan10%
Simple Mortgage59.20%
Debt Free27.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.3%