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Area data

Morristown, NJ — ZIP 07961

Population: 333 (Census ACS)

Home values & appreciation

House Price Index
430.8 (+5.2% YoY)

Affordability

Cost of living index (Above Average)
108.8 (100 = US avg)
Electricity rate (state-level)
22.6¢/kWh
Natural gas rate (state-level)
$14.20/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
1
Elementary schools
1
Middle schools
0
High schools
0

Natural hazards & flood risk

Overall hazard risk
Relatively Moderate
Top hazards
winterWeather, coldWave, inlandFlooding, lightning, strongWind

Climate (30-year normals)

Annual precipitation
52.2 in

Air quality

Air quality rating
Good
Median AQI (annual)
37
Days with Good air quality
305

Amenities

National parks within ~60 mi
22
Nearest national park
Morristown National Historical Park (5 mi)
Nearest airport
Morristown Municipal Airport (MMU) (2 mi)
Nearest major airport
Morristown Municipal Airport (MMU) (2 mi)
Hospitals nearby (~15 mi)
120
Avg hospital rating
2.6 / 5
EV charging stations (within 10 mi)
270
Solar radiation rating
Fair (4.0 kWh/m²/day)

Employment & development

Total county employment
268,704
Average weekly wage
$1,945
Top industries (by employment)
Health Care, Professional Services, Administrative Services
Annual residential building permits (county)
588

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents