07054, Parsippany, NJ

The Parsippany-Troy Hills 7054 zip code is located in Morris County, New Jersey and has a population of around 101,000 people. The median home value in the 7054 zip code is $287,200 which is significantly higher than the national median home value of $177,700. The average home equity in the 7054 zip code is $141,100 which is also significantly higher than the national average of $63,600.

There are a number of factors that contribute to the high home values in the Parsippany-Troy Hills 7054 zip code. First and foremost, this area has a high concentration of affluent residents who are able to afford to purchase expensive homes. Additionally, there are a number of well-maintained and attractive homes available for sale in this area which also contributes to the high home values. Finally, property taxes in this area are among the highest in New Jersey which helps to drive up prices even further.