2026 Affordability Data
Most Affordable Neighborhoods in Morristown - 2026 Data
The median home value in Morristown is $535,900, 90% above nat'l avg. Median rent is $1,625/month. With an affordability index of 110, Morristown is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Morristown, NJ area.
Key Takeaways: Affordability in Morristown
- 1The most affordable neighborhood in Morristown is East Orange, with a median home value of $282,900.
- 2Morristown's median home value is $535,900, 90% above nat'l avg (national: $281,900).
- 3Morristown's affordability index is 110 (baseline 100), making it more affordable than the national average.
- 4Median rent in Morristown is $1,625/month, 40% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Morristown to find the most affordable areas based on home values, rent, and affordability index.
Morristown Affordability Overview
Median Home Value
$535,900
90% above nat'l avg
Median Rent
$1,625/mo
40% above nat'l avg
Median Income
$113,926
53% above nat'l avg
Affordability Index
110
10% above nat'l avg
Most Affordable Neighborhoods in Morristown (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | East OrangeNJ | $282,900 |
| 2 | GuttenbergNJ | $364,500 |
| 3 | CliftonNJ | $428,000 |
| 4 | PassaicNJ | $379,800 |
| 5 | Freehold boroughNJ | $361,700 |
| 6 | West New YorkNJ | $407,000 |
| 7 | Metuchen boroughNJ | $537,000 |
| 8 | New Providence boroughNJ | $700,700 |
| 9 | Florham Park boroughNJ | $705,200 |
| 10 | Hopatcong boroughNJ | $284,600 |
| 11 | Edgewater boroughNJ | $750,200 |
| 12 | Union CityNJ | $448,000 |
| 13 | Haddonfield boroughNJ | $623,900 |
| 14 | PlainfieldNJ | $351,500 |
| 15 | Ringwood boroughNJ | $417,500 |
Detailed Neighborhood Profiles
Home Value: $282,900
Rent: $1,625/mo
Affordability: 110
Population: 68,879
Walk Score: 25/100
Home Value: $364,500
Rent: $1,625/mo
Affordability: 110
Population: 11,765
Walk Score: 25/100
Home Value: $428,000
Rent: $1,625/mo
Affordability: 110
Population: 89,451
Walk Score: 25/100
4
Home Value: $379,800
Rent: $1,625/mo
Affordability: 110
Population: 70,048
Walk Score: 25/100
5
Home Value: $361,700
Rent: $1,625/mo
Affordability: 110
Population: 12,498
Walk Score: 25/100
6
Home Value: $407,000
Rent: $1,625/mo
Affordability: 110
Population: 52,438
Walk Score: 25/100
7
Home Value: $537,000
Rent: $1,625/mo
Affordability: 110
Population: 14,958
Walk Score: 25/100
8
Home Value: $700,700
Rent: $1,625/mo
Affordability: 110
Population: 13,595
Walk Score: 25/100
9
Home Value: $705,200
Rent: $1,625/mo
Affordability: 110
Population: 12,790
Walk Score: 25/100
10
Home Value: $284,600
Rent: $1,625/mo
Affordability: 110
Population: 14,411
Walk Score: 25/100
11
Home Value: $750,200
Rent: $1,625/mo
Affordability: 110
Population: 14,394
Walk Score: 25/100
12
Home Value: $448,000
Rent: $1,625/mo
Affordability: 110
Population: 67,258
Walk Score: 25/100
13
Home Value: $623,900
Rent: $1,625/mo
Affordability: 110
Population: 12,456
Walk Score: 25/100
14
Home Value: $351,500
Rent: $1,625/mo
Affordability: 110
Population: 54,358
Walk Score: 25/100
15
Home Value: $417,500
Rent: $1,625/mo
Affordability: 110
Population: 11,692
Walk Score: 25/100
Frequently Asked Questions About Affordability in Morristown
What is the most affordable neighborhood in Morristown, NJ?▾
Based on 2026 data, East Orange is the most affordable neighborhood in Morristown with a median home value of $282,900. Kurby analyzed 15 neighborhoods in the Morristown area to compile these rankings.
What is the median home price in Morristown, NJ?▾
The median home price in Morristown is $535,900, which is 90% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Morristown affordable compared to the national average?▾
Morristown has an affordability index of 110, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Morristown, NJ?▾
The median monthly rent in Morristown is $1,625. This is 40% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Morristown?▾
The median household income in Morristown is $113,926 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).