USA.com / New Jersey / Morris County / Morristown, NJ / 07960 / Housing

07960 Zip Code Housing

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As of 2010-2014, median price of a house in 07960 Zip Code is $542,200, which is much higher than the state average of $319,900 and is much higher than the national average of $175,700. The 07960 Zip Code median house value has grown by 59.99% since 2000. The growth rate for the price of a house in 07960 Zip Code is lower than the state average rate of 87.30% and is higher than the national average rate of 46.91%. The median year that a house in 07960 Zip Code was built is 1965, which is about the same as the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 10,975 Owner Occupied Houses in 07960 Zip Code, see rank

07960 Zip Code	542,200 USD
New Jersey	319,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

07960 Zip Code	59.99%
New Jersey	87.30%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	07960 Zip Code	New Jersey	U.S.
Total Housing Units	18,455, see rank, 100%	3,572,138	132,741,033
Occupied Housing Units	16,946, 91.82%, see rank	89.26%	87.55%
Owner Occupied	10,975, 59.47%, see rank	58.06%	56.34%
Renter Occupied	5,971, 32.35%, see rank	31.20%	31.21%
Vacant Housing Units	1,509, 8.18%, see rank	10.74%	12.45%
For Rent	396, 2.15%, see rank	2.18%	2.34%
For Sale Only	108, 0.59%, see rank	1.02%	1.20%
Rented or Sold, Not Occupied	103, 0.56%, see rank	0.70%	0.92%
For Seasonal, Recreational, or Occasional Use	465, 2.52%, see rank	3.72%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	437, 2.37%, see rank	3.11%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #259

07960 Zip Code	New Jersey	U.S.
1965	1966	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	07960 Zip Code	%	New Jersey	U.S.
Owner-Occupied Units	10,975	100%	2,073,915	74,787,460
With a Mortgage	7,890	71.89%, see rank	69.83%	65.58%
Without a Mortgage	3,085	28.11%, see rank	30.17%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

07960 Zip Code	2,991 USD
New Jersey	2,428 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	07960 Zip Code	%	New Jersey	U.S.
$299 or Less	0	0.00%, see rank	0.04%	0.20%
$300 to $499	20	0.25%, see rank	0.35%	1.59%
$500 to $699	16	0.20%, see rank	0.83%	5.01%
$700 to $999	211	2.67%, see rank	2.80%	14.32%
$1,000 to $1,499	527	6.68%, see rank	11.13%	27.90%
$1,500 to $1,999	749	9.49%, see rank	17.94%	20.35%
$2,000 to $2,999	2,444	30.98%, see rank	36.29%	19.52%
$3,000 or More	3,923	49.72%, see rank	30.63%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

07960 Zip Code	23.70% of the Total Income
New Jersey	27.50% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	07960 Zip Code	%	New Jersey	U.S.
10% or Less	508	6.44%, see rank	3.98%	5.86%
10% to 20%	2,462	31.20%, see rank	23.73%	31.95%
20% to 30%	2,151	27.26%, see rank	28.42%	27.64%
30% to 40%	988	12.52%, see rank	16.62%	13.74%
40% or More	1,765	22.37%, see rank	26.85%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

07960 Zip Code	1,001 USD
New Jersey	972 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	07960 Zip Code	%	New Jersey	U.S.
$199 or Less	0	0.00%, see rank	1.19%	7.76%
$200 to $299	0	0.00%, see rank	1.66%	14.70%
$300 to $499	106	3.44%, see rank	6.42%	34.63%
$500 to $699	135	4.38%, see rank	13.17%	21.16%
$700 or More	2,844	92.19%, see rank	77.56%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

07960 Zip Code	16.00% of the Total Income
New Jersey	18.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	07960 Zip Code	%	New Jersey	U.S.
10% or Less	915	29.66%, see rank	21.71%	40.19%
10% to 20%	1,009	32.71%, see rank	32.37%	31.47%
20% to 30%	381	12.35%, see rank	16.94%	12.24%
30% to 40%	303	9.82%, see rank	9.46%	5.64%
40% or More	459	14.88%, see rank	18.56%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	07960 Zip Code	New Jersey	U.S.
Total Housing Units	18,455, 100%	3,572,138	132,741,033
1-unit, Detached	9,433, 51.11%, see rank	53.67%	61.65%
1-unit, Attached	1,965, 10.65%, see rank	9.26%	5.82%
2 Units	1,259, 6.82%, see rank	9.53%	3.75%
3 or 4 Units	1,149, 6.23%, see rank	6.43%	4.43%
5 to 9 Units	670, 3.63%, see rank	4.80%	4.78%
10 or More Units	3,979, 21.56%, see rank	15.34%	13.08%
Mobile Home, Boat, RV, Van, etc.	0, 0.00%, see rank	0.98%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	07960 Zip Code	New Jersey	U.S.
Total Housing Units	18,455, 100%	3,572,138	132,741,033
1 Room	273, 1.48%, see rank	2.71%	1.95%
2 Rooms	796, 4.31%, see rank	2.15%	2.48%
3 Rooms	2,202, 11.93%, see rank	10.30%	9.13%
4 Rooms	2,466, 13.36%, see rank	15.19%	16.60%
5 Rooms	2,287, 12.39%, see rank	16.72%	20.41%
6 Rooms	1,979, 10.72%, see rank	16.15%	18.06%
7 Rooms	1,822, 9.87%, see rank	12.48%	12.27%
8 Rooms	2,138, 11.58%, see rank	10.49%	8.48%
9 Rooms or More	4,492, 24.34%, see rank	13.81%	10.60%
Median Rooms	6.10, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	07960 Zip Code	New Jersey	U.S.
Total Housing Units	18,455, 100%	3,572,138	132,741,033
No Bedroom	328, 1.78%, see rank	2.88%	2.17%
1 Bedroom	3,250, 17.61%, see rank	14.18%	11.16%
2 Bedrooms	4,271, 23.14%, see rank	25.93%	26.69%
3 Bedrooms	4,298, 23.29%, see rank	32.62%	39.70%
4 Bedrooms	4,544, 24.62%, see rank	18.83%	16.05%
5 or More Bedrooms	1,764, 9.56%, see rank	5.56%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	07960 Zip Code	New Jersey	U.S.
Total Housing Units	16,946, 100%	3,188,498	116,211,092
Utility Gas	13,441, 79.32%, see rank	74.16%	48.85%
Bottled, Tank, or LP Gas	145, 0.86%, see rank	1.94%	4.86%
Electricity	2,231, 13.17%, see rank	11.66%	36.68%
Fuel Oil, Kerosene, etc.	1,058, 6.24%, see rank	11.10%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	6, 0.04%, see rank	0.44%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	24, 0.14%, see rank	0.32%	0.47%
No Fuel Used	41, 0.24%, see rank	0.32%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	07960 Zip Code	New Jersey	U.S.
Occupied Units Paying Rent	5,815, 100%	1,077,463	39,201,928
$199 or Less	0, 0.00%, see rank	1.46%	1.50%
$200 to $299	104, 1.79%, see rank	3.04%	3.18%
$300 to $499	262, 4.51%, see rank	3.86%	7.37%
$500 to $699	121, 2.08%, see rank	4.64%	16.01%
$700 to $999	405, 6.96%, see rank	19.19%	29.17%
$1,000 to $1,499	2,041, 35.10%, see rank	40.89%	26.88%
$1,500 to $1,999	1,548, 26.62%, see rank	17.11%	9.79%
$2,000 or More	1,334, 22.94%, see rank	9.81%	6.10%
Median	$1,494, see rank	$1,188	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	07960 Zip Code	New Jersey	U.S.
Occupied Housing Units	16,946, 100%	3,188,498	116,211,092
No Vehicles Available	1,306, 7.71%, see rank	11.70%	9.12%
1 Vehicles Available	5,928, 34.98%, see rank	34.71%	33.80%
2 Vehicles Available	6,933, 40.91%, see rank	36.16%	37.48%
3 or More Vehicles Available	2,779, 16.40%, see rank	17.43%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.