07950, Morris Plains, NJ

The 7950 zip code of Morris Plains, NJ has a median home value of $191,000 and a median home equity of $141,000. This is higher than the statewide median home value of $157,500 and the national median home equity of $137,200. The 7950 zip code also has a higher than average rate of homeownership at 69%. This is higher than the statewide rate of 62% and the national rate of 63%.

There are several factors that may contribute to the high values in the 7950 zip code. One factor is that Morris Plains is an affluent area with a high concentration of wealthy residents. Another factor may be the low number of foreclosures in this area which may lead to more stable prices. Additionally, there are relatively few homes for sale in this zip code which may also contribute to high values.