NJ area data
Parsippany, NJ
Parsippany, NJ.
Population: 29,480 (Census ACS)
Home values & appreciation
- Median home value
- $746,635
- 1-year appreciation
- +3.5%
- 3-year appreciation
- +18.9%
- 5-year appreciation
- +35.2%
- 10-year appreciation
- +63.3%
- All-time peak (2026-07)
- $746,635
- House Price Index
- 430.8 (+5.2% YoY)
Market activity
- Median sale price
- $782,500
- Median list price
- $757,000
- Median days on market
- 20.5 days
- Sale-to-list ratio
- 104.4%
- Active listings
- 22
- 1-year forecast
- +2.2%
- New listings (monthly)
- 19
Rents
- Typical rent
- $2,809/mo
- 1-year rent change
- +2.3%
- 1BR fair-market rent
- $1,731/mo
- 3BR fair-market rent
- $2,729/mo
Affordability
- Cost of living index (High)
- 112.5 (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
- 8
- Elementary schools
- 5
- Middle schools
- 2
- High schools
- 1
Natural hazards & flood risk
- Overall hazard risk
- Relatively Moderate
- Top hazards
- winterWeather, coldWave, inlandFlooding, lightning, strongWind
Climate (30-year normals)
- Average annual temperature
- 55.0°F
- Average high
- 63.0°F
- Average low
- 46.0°F
- Annual precipitation
- 56.2 in
- Annual snowfall
- 14.0 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 37
- Days with Good air quality
- 314
- Days with Unhealthy air quality
- 2
Walkability & transit
- Walkability index
- 8.3 / 20
- Transit service frequency
- -99,999
Amenities
- National parks within ~60 mi
- 22
- Nearest national park
- Morristown National Historical Park (9 mi)
- Nearest airport
- Morristown Municipal Airport (MMU) (4 mi)
- Nearest major airport
- Morristown Municipal Airport (MMU) (4 mi)
- Hospitals nearby (~15 mi)
- 24
- Avg hospital rating
- 2.6 / 5
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Migration
- Net migration
- -752 tax filers
Housing stock
- Median year housing built
- 1,969
- Median annual property tax
- $10,001
- Mean commute to work
- 22 min
- Households with broadband internet
- 85.2%
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 →