08759, Manchester Township, NJ

Manchester Township is located in Morris County and has a population of approximately 25,000. The median household income in Manchester Township is $101,000, which is higher than the statewide median household income of $78,000. The median home value in Manchester Township is $269,500, which is higher than the statewide median home value of $174,100.

There are a total of 953 homes in the 8759 zip code of Manchester Township. The majority (68%) of homes in the 8759 zip code are single-family homes. There are also a total of 187 condos and townhomes in the 8759 zip code. The average size of a home in the 8759 zip code is 2 bedrooms and 1 bathroom. The average size of a condo or townhome in the 8759 zip code is 1 bedroom and 1 bathroom.

The percentage of households that own their home outright (without any mortgage) in the 8759 zip code is 79%. The percentage of households that own their home with a mortgage (a loan that must be repaid with interest) is 21%. As you can see, there are a lot more homeowners in the 8759 zip code than there are borrowers who have taken out a mortgage to purchase their home. This indicates that homeownership rates are high in this area and likely will continue to be high for some time to come.

The average price per square foot for homes sold within the 8759 zip code was $158/square foot during 2017. This was higher than both the statewide average price per square foot ($128/square foot) and the national average price per square foot ($145/square foot). It's important to note that not all areas within Morris County experience similar prices when it comes to selling homes - some neighborhoods have significantly higher prices than others do. However, based on data from 2017 alone it's safe to say that properties located within Manchester Township tend to sell at above-average prices compared to other areas within Morris County and across North America as a whole.