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Advertise here →Towaco, NJ · Market Data
Towaco, New Jersey real estate market data.
Real estate market data for Towaco, NJ (Morris County) — Census median home value $690,900, county listing prices up about 2.5% over the past year.
Towaco, NJ is in Morris County, New Jersey — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,627, with a median household income of $197,696. Census data puts Towaco's median home value at $690,900 (all owner-occupied homes); Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
At a glance
Towaco market snapshot
Population
5,627
Median Household Income
$197,696
Median Home Value (city)
$690,900
Median Listing Price (Morris County)
$742,000
Median Gross Rent
$2,726/mo
Price Trend (YoY)
+2.5%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Towaco different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Towaco's median home value — across all owner-occupied homes, not just recent sales — at $690,900. 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
Towaco has an estimated population of 5,627 and a median household income of $197,696, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Towaco's Census-reported median home value works out to about 3.5x the area's median household income, and median gross rent runs roughly 17% 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.
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Common questions
Towaco FAQ
What are home values like in Towaco, NJ?
The Census Bureau's American Community Survey puts Towaco's median home value at $690,900. Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
What is the population of Towaco, NJ?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Towaco's population at approximately 5,627.
What's the median rent in Towaco, NJ?
The Census ACS estimates median gross rent in Towaco at approximately $2,726 per month.
What is the median household income in Towaco, NJ?
Census ACS data puts the median household income in Towaco at approximately $197,696.
Is the Towaco housing market growing?
Morris County's FHFA house price index shows a 5.88% annual change in 2025.
Is Towaco, NJ affordable relative to income?
Census ACS data puts Towaco's median home value at about 3.5 times the median household income, with median gross rent equal to roughly 17% 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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