85342, Morristown, AZ

Morristown, AZ is located in the Phoenix metropolitan area. The 85342 zip code covers a total area of 1.5 square miles and has a population of approximately 16,000 people. The median household income in the 85342 zip code is $72,000 and the median family income is $85,000. Morristown has a population density of approximately 2,500 people per square mile which is lower than the national average of 3,500 people per square mile.

The home equity and home prices in Morristown are lower than the national average due to its low population density and lack of major metropolitan areas nearby. The average home value in Morristown is $143,200 which is less than the national average of $197,600. The percentage of homes that are owner-occupied in Morristown is 68% which is higher than the national average of 63%. The percentage of homes that are renter-occupied in Morristown is 32% which is lower than the national average of 37%.

The most common type of housing in Morristown are single-family homes which make up 88% of all housing units. There are also a small number (2%)of multi-unit dwellings such as apartments or condos. The majority (79%)of all housing units in Morristown were built before 1990 which is slightly higher than the national average (75%). Approximately 9%of all housing units in Morristown are newly constructed while 11%of all housing units have been renovated within the past five years.