16938, Morris, PA

Home equity is the value of a home minus all outstanding mortgages, liens, and other debts on the property. Home prices are the price at which a home can be sold. Both of these measures can vary greatly from one neighborhood to another. In general, neighborhoods with larger homes and more expensive real estate tend to have higher home equity values and prices.

According to Zillow, the median home value in Morris was $128,200 in January 2018. This is up from $123,100 in January 2017 but still below the statewide median of $173,500. The average sale price in Morris during this time was also slightly higher at $137,000 than it was a year earlier at $134,600.

While there are some neighborhoods in Morris that have seen significant appreciation over the past year or two (such as Lakeside), most areas have seen relatively modest gains or losses depending on market conditions at any given time. This is likely due to several factors including local demand (for example, whether there are more families looking for homes near schools or jobs), interest rates (which affect both mortgage rates and how much people can borrow to buy a house), and availability (of both houses and land).

Overall though, it appears that homeownership rates continue to rise throughout Morris County while prices remain relatively stable or even decline slightly in some areas – indicating that there is still plenty of opportunity for those looking to purchase a home within this community!