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Advertise here →Parsippany, NJ · Houses & Market Data
Parsippany, New Jersey houses and real estate market data.
Houses in Parsippany, NJ (Morris County) — Census median home value $540,800, county listing prices up about 2.5% over the past year. Market data for Parsippany houses and the broader area.
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Parsippany, NJ is in Morris County, New Jersey — this guide covers houses in Parsippany and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 21,869, with a median household income of $102,152. Census data puts Parsippany houses at a median value of $540,800 (all owner-occupied homes); Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
Info from government sites and builders may have provided source info.
Market overview
Parsippany housing market
Parsippany is in Morris County, New Jersey. Manifest Census and county price-trend data provide baseline context for houses in Parsippany and the surrounding county market.
Median home value (Census ACS)
$540,800
Population (Census ACS)
21,869
Median household income
$102,152
County price trend (2025)
5.88% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Parsippany market snapshot
Population
21,869
County
Morris County
Median Household Income
$102,152
Median Home Value (city)
$540,800
Median Listing Price (Morris County)
$742,000
Median Gross Rent
$1,732/mo
Price Trend (YoY)
+2.5%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Parsippany different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Parsippany's median home value — across all owner-occupied homes, not just recent sales — at $540,800. Separately, Morris County's current median listing price (via Realtor.com data, 2026-06-01) runs $742,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Morris County's FHFA house price index shows a 5.88% annual change in 2025.
Population & Income
Parsippany has an estimated population of 21,869 and a median household income of $102,152, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Parsippany's Census-reported median home value works out to about 5.3x the area's median household income, and median gross rent runs roughly 20% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Parsippany
County guide: Morris County — cities, market context, and local resources for the county that includes Parsippany.
USAHouses.com also helps visitors looking in nearby Morris County and other New Jersey communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Troy Hills, Lake Hiawatha, Rainbow Lakes, Mountain Lakes, Boonton, Whippany, Mount Tabor, Pine Brook, Morris Plains, Cedar Knolls, Towaco, Morristown, Rockaway, Florham Park, White Meadow Lake, Victory Gardens.
Troy Hills market data
Nearby city · ~1.2 mi
Lake Hiawatha market data
Nearby city · ~2.0 mi
Rainbow Lakes market data
Nearby city · ~2.3 mi
Mountain Lakes market data
Nearby city · ~2.4 mi
Boonton market data
Nearby city · ~2.8 mi
Whippany market data
Nearby city · ~2.8 mi
Mount Tabor market data
Nearby city · ~3.3 mi
Pine Brook market data
Nearby city · ~3.6 mi
Morris Plains market data
Nearby city · ~3.7 mi
Cedar Knolls market data
Nearby city · ~3.8 mi
Towaco market data
Nearby city · ~5.7 mi
Morristown market data
Nearby city · ~5.8 mi
Rockaway market data
Nearby city · ~5.9 mi
Florham Park market data
Nearby city · ~6.2 mi
White Meadow Lake market data
Nearby city · ~6.6 mi
Victory Gardens market data
Nearby city · ~6.9 mi
More New Jersey cities with market guides: Newark, Jersey City, Paterson, Elizabeth, Toms River, Trenton, Clifton, Camden.
Newark market data
Same-state city guide
Jersey City market data
Same-state city guide
Paterson market data
Same-state city guide
Elizabeth market data
Same-state city guide
Toms River market data
Same-state city guide
Trenton market data
Same-state city guide
Clifton market data
Same-state city guide
Camden market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Roseland (~6.1 mi), Caldwell (~7.3 mi), Essex Fells (~7.5 mi), North Caldwell (~8.0 mi), Pleasantdale (~8.3 mi), Singac (~9.0 mi), Packanack Lake (~9.7 mi), Short Hills (~9.7 mi), Llewellyn Park (~10.4 mi), Totowa (~10.4 mi), Summit (~10.6 mi), Great Notch (~10.7 mi), Preakness (~11.1 mi), Upper Montclair (~11.1 mi), Montclair State University (~11.2 mi), South Orange (~11.2 mi).
New construction: New homes near Parsippany (Newark) · New Jersey new construction.
Census & home facts
Parsippany data from published sources
Population (ACS 2023)
21,869
Median home value (ACS 2023)
$540,800
Median household income (ACS 2023)
$102,152
Median gross rent (ACS 2023)
$1,732
County FHFA annual change (2025)
5.88%
County median listing price (FRED/Realtor.com) (2026-06-01)
$742,000
Census place type
CDP
County
Morris County
Land area (Census Gazetteer 2024)
6.09 sq mi
Census GEOID
3456430
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Parsippany
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Valley View Park ↗
Lennar · East Hanover, New Jersey · ~4.4 mi · from $855,990
Doremustown Village ↗
Ryan Homes · Towaco, New Jersey · ~4.8 mi · from $769,990
Parq ↗
Ryan Homes · Parsippany, New Jersey · ~4.8 mi · from $799,990
Mason Ridge ↗
Pulte · Denville, New Jersey · ~4.9 mi · from $799,990
High Pointe at Florham Park ↗
Lennar · Florham Park, New Jersey · ~5.8 mi · from $51,000
Reach Parsippany buyers
Builders: feature your communities in front of Parsippany buyers — learn about advertising ↗
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Common questions
Parsippany FAQ
What are houses worth in Parsippany, NJ?
The Census Bureau's American Community Survey puts the median value of houses in Parsippany at $540,800. Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
How much do houses cost in Parsippany, NJ?
For owner-occupied houses in Parsippany, Census ACS data shows a median value of $540,800. Active listing prices in Morris County may differ — see the market snapshot above.
What types of houses are in Parsippany, NJ?
Parsippany houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Morris County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Parsippany, NJ?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Parsippany's population at approximately 21,869.
What's the median rent in Parsippany, NJ?
The Census ACS estimates median gross rent in Parsippany at approximately $1,732 per month.
What is the median household income in Parsippany, NJ?
Census ACS data puts the median household income in Parsippany at approximately $102,152.
Is the Parsippany housing market growing?
Morris County's FHFA house price index shows a 5.88% annual change in 2025.
Is Parsippany, NJ affordable relative to income?
Census ACS data puts Parsippany's median home value at about 5.3 times the median household income, with median gross rent equal to roughly 20% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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