Home Affordability in 07960
Morristown, NJ — Morris County
The median home price in ZIP code 07960 (Morristown) is $625,000 with a median household income of $95,000. The price-to-income ratio is 6.6x.
Median Home Price
$625,000
Median Income
$95,000
Price-to-Income
6.6x
Est. Affordable Home
$369,000
Property Tax Rate
2.15%
Annual Property Tax
$13,437
Cost of Living
135
Metro Area
New York MSA
Down Payment Scenarios for ZIP 07960
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $18,750 | $606,250 | Yes |
| 5% | $31,250 | $593,750 | Yes |
| 10% | $62,500 | $562,500 | Yes |
| 20% | $125,000 | $500,000 | No |
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