Morristown, NJ Real Estate
According to census data in the year 2000 there were 7,615 housing units in Morristown.
This represents a 7.8% growth from 7,061 in 1990.
Of those housing units, 7,615 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Morristown is about 39.4%.
Morristown's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Morristown were built after 1954.
|Housing Units by Size|
|Five Bedrooms or more||5%|
Owned Homes, Apartments and Condos
|Average Household Size||2.75|
|Median year structure was built||1951|
|Median Value of occupied units||$224,400|
|Median Price asked for vacant units||$327,300|
Rented Homes, Apartments and Condos
|Average Household Size||2.22|
|Median year structure was built||1956|
|Median Monthly Rent asked for vacant units||$942|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||14%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22.1%|