USA.com / New Jersey / Morris County / Morris Plains, NJ / 07950 / Housing

07950 Zip Code Housing

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As of 2010-2014, median price of a house in 07950 Zip Code is $447,300, which is higher than the state average of $319,900 and is much higher than the national average of $175,700. The 07950 Zip Code median house value has grown by 58.73% since 2000. The growth rate for the price of a house in 07950 Zip Code is lower than the state average rate of 87.30% and is higher than the national average rate of 46.91%. The median year that a house in 07950 Zip Code was built is 1970, which is newer than the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 6,012 Owner Occupied Houses in 07950 Zip Code, see rank

07950 Zip Code	447,300 USD
New Jersey	319,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

07950 Zip Code	58.73%
New Jersey	87.30%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	07950 Zip Code	New Jersey	U.S.
Total Housing Units	7,715, see rank, 100%	3,572,138	132,741,033
Occupied Housing Units	7,330, 95.01%, see rank	89.26%	87.55%
Owner Occupied	6,012, 77.93%, see rank	58.06%	56.34%
Renter Occupied	1,318, 17.08%, see rank	31.20%	31.21%
Vacant Housing Units	385, 4.99%, see rank	10.74%	12.45%
For Rent	139, 1.80%, see rank	2.18%	2.34%
For Sale Only	85, 1.10%, see rank	1.02%	1.20%
Rented or Sold, Not Occupied	65, 0.84%, see rank	0.70%	0.92%
For Seasonal, Recreational, or Occasional Use	42, 0.54%, see rank	3.72%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	54, 0.70%, see rank	3.11%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #197

07950 Zip Code	New Jersey	U.S.
1970	1966	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	07950 Zip Code	%	New Jersey	U.S.
Owner-Occupied Units	6,012	100%	2,073,915	74,787,460
With a Mortgage	4,291	71.37%, see rank	69.83%	65.58%
Without a Mortgage	1,721	28.63%, see rank	30.17%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

07950 Zip Code	2,779 USD
New Jersey	2,428 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	07950 Zip Code	%	New Jersey	U.S.
$299 or Less	7	0.16%, see rank	0.04%	0.20%
$300 to $499	17	0.40%, see rank	0.35%	1.59%
$500 to $699	68	1.58%, see rank	0.83%	5.01%
$700 to $999	30	0.70%, see rank	2.80%	14.32%
$1,000 to $1,499	238	5.55%, see rank	11.13%	27.90%
$1,500 to $1,999	538	12.54%, see rank	17.94%	20.35%
$2,000 to $2,999	1,658	38.64%, see rank	36.29%	19.52%
$3,000 or More	1,735	40.43%, see rank	30.63%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

07950 Zip Code	26.20% of the Total Income
New Jersey	27.50% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	07950 Zip Code	%	New Jersey	U.S.
10% or Less	168	3.92%, see rank	3.98%	5.86%
10% to 20%	1,173	27.34%, see rank	23.73%	31.95%
20% to 30%	1,176	27.41%, see rank	28.42%	27.64%
30% to 40%	734	17.11%, see rank	16.62%	13.74%
40% or More	1,033	24.07%, see rank	26.85%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

07950 Zip Code	1,001 USD
New Jersey	972 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	07950 Zip Code	%	New Jersey	U.S.
$199 or Less	14	0.81%, see rank	1.19%	7.76%
$200 to $299	7	0.41%, see rank	1.66%	14.70%
$300 to $499	9	0.52%, see rank	6.42%	34.63%
$500 to $699	147	8.54%, see rank	13.17%	21.16%
$700 or More	1,544	89.72%, see rank	77.56%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

07950 Zip Code	18.50% of the Total Income
New Jersey	18.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	07950 Zip Code	%	New Jersey	U.S.
10% or Less	475	27.60%, see rank	21.71%	40.19%
10% to 20%	429	24.93%, see rank	32.37%	31.47%
20% to 30%	348	20.22%, see rank	16.94%	12.24%
30% to 40%	176	10.23%, see rank	9.46%	5.64%
40% or More	269	15.63%, see rank	18.56%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	07950 Zip Code	New Jersey	U.S.
Total Housing Units	7,715, 100%	3,572,138	132,741,033
1-unit, Detached	4,832, 62.63%, see rank	53.67%	61.65%
1-unit, Attached	1,042, 13.51%, see rank	9.26%	5.82%
2 Units	220, 2.85%, see rank	9.53%	3.75%
3 or 4 Units	63, 0.82%, see rank	6.43%	4.43%
5 to 9 Units	293, 3.80%, see rank	4.80%	4.78%
10 or More Units	1,209, 15.67%, see rank	15.34%	13.08%
Mobile Home, Boat, RV, Van, etc.	56, 0.73%, see rank	0.98%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	07950 Zip Code	New Jersey	U.S.
Total Housing Units	7,715, 100%	3,572,138	132,741,033
1 Room	108, 1.40%, see rank	2.71%	1.95%
2 Rooms	75, 0.97%, see rank	2.15%	2.48%
3 Rooms	288, 3.73%, see rank	10.30%	9.13%
4 Rooms	850, 11.02%, see rank	15.19%	16.60%
5 Rooms	1,050, 13.61%, see rank	16.72%	20.41%
6 Rooms	1,153, 14.94%, see rank	16.15%	18.06%
7 Rooms	1,268, 16.44%, see rank	12.48%	12.27%
8 Rooms	1,345, 17.43%, see rank	10.49%	8.48%
9 Rooms or More	1,578, 20.45%, see rank	13.81%	10.60%
Median Rooms	6.80, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	07950 Zip Code	New Jersey	U.S.
Total Housing Units	7,715, 100%	3,572,138	132,741,033
No Bedroom	113, 1.46%, see rank	2.88%	2.17%
1 Bedroom	906, 11.74%, see rank	14.18%	11.16%
2 Bedrooms	1,546, 20.04%, see rank	25.93%	26.69%
3 Bedrooms	2,335, 30.27%, see rank	32.62%	39.70%
4 Bedrooms	2,323, 30.11%, see rank	18.83%	16.05%
5 or More Bedrooms	492, 6.38%, see rank	5.56%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	07950 Zip Code	New Jersey	U.S.
Total Housing Units	7,330, 100%	3,188,498	116,211,092
Utility Gas	5,555, 75.78%, see rank	74.16%	48.85%
Bottled, Tank, or LP Gas	85, 1.16%, see rank	1.94%	4.86%
Electricity	731, 9.97%, see rank	11.66%	36.68%
Fuel Oil, Kerosene, etc.	929, 12.67%, see rank	11.10%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	9, 0.12%, see rank	0.44%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	21, 0.29%, see rank	0.32%	0.47%
No Fuel Used	0, 0.00%, see rank	0.32%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	07950 Zip Code	New Jersey	U.S.
Occupied Units Paying Rent	1,219, 100%	1,077,463	39,201,928
$199 or Less	41, 3.36%, see rank	1.46%	1.50%
$200 to $299	0, 0.00%, see rank	3.04%	3.18%
$300 to $499	0, 0.00%, see rank	3.86%	7.37%
$500 to $699	0, 0.00%, see rank	4.64%	16.01%
$700 to $999	56, 4.59%, see rank	19.19%	29.17%
$1,000 to $1,499	315, 25.84%, see rank	40.89%	26.88%
$1,500 to $1,999	308, 25.27%, see rank	17.11%	9.79%
$2,000 or More	499, 40.94%, see rank	9.81%	6.10%
Median	$1,821, see rank	$1,188	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	07950 Zip Code	New Jersey	U.S.
Occupied Housing Units	7,330, 100%	3,188,498	116,211,092
No Vehicles Available	216, 2.95%, see rank	11.70%	9.12%
1 Vehicles Available	2,344, 31.98%, see rank	34.71%	33.80%
2 Vehicles Available	3,354, 45.76%, see rank	36.16%	37.48%
3 or More Vehicles Available	1,416, 19.32%, see rank	17.43%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.