Real Estate Investing in Morris Plains, New Jersey (07950)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07950 (Morris Plains, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Morris Plains, NJ (07950)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07950 Morris Plains
The 07950 ZIP covers a section of Morris Plains that demands careful diligence. Prices near $735K look accessible, but the work to make a deal cash flow is real.
The investment case in 07950 is notable only for operators who understand what they are buying. A $735K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 07950's metrics run below Morris County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 07950 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 07950 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Morris Plains:
Property Strategy for 07950
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $264,374 | $2,740 | 7.5% | +4.4% | $264,374 |
| 2BR | $489,420 | $3,310 | 4.9% | +8.0% | $244,710 |
| 3BR | $698,524 | $4,140 | 4.3% | +7.8% | $232,841 |
| 4BR | $846,826 | $4,710 | 4.0% | +7.9% | $211,707 |
| 5BR | $999,927 | — | — | +9.2% | $199,985 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07950 Compare?
| Metric | 07950 | Morris Plains | New Jersey |
|---|---|---|---|
| Home Value | $734,524 | $734,524 | $559,826 |
| 5-Year CAGR | 6.1% | 6.1% | 8.4% |
| Avg Rent | $3,536 | $3,536 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07950 (Morris Plains, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Morris County
Manage rentals here? List your business →Denali Property Management New Jersey specializes in condo management. summary from their website
PMI Prime Property Services offers residential, association, and commercial property management in Northern New Jersey, including marketing, tenant screening, and maintenance. summary from their website
Alliance Property Management LLC provides property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $734,524 |
| Monthly Rent | $3,536 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07950
Population: 21,576
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07950
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lakeview Elementary School
Riverview Elementary School
Valleyview Middle School
Morris County School of Technology
Mount Tabor Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,705 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Morris Plains, NJ?
Morris Plains, NJ median home values land near $735K. That is reasonable territory for investors looking at $3,536/mo-per-month rentals.
How should investors approach Morris Plains, NJ?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Morris Plains, NJ. The numbers - $735K homes against $3,536/mo rents - support that play.
Does Morris Plains, NJ favor landlords or tenants?
NJ ranks as a tenant-protective state for landlord-tenant law. Morris Plains generally follows the statewide framework, so landlords face reasonable operating rules.
Can I house hack in Morris Plains, NJ?
For house hackers, Morris Plains, NJ is a challenging. The $3,536/mo rent on a unit helps defray the mortgage on a $735K property.
Is the tenant base reliable in Morris Plains, NJ?
Morris Plains, NJ draws a consistent base of working renters. Demand at the $3,536/mo rent level is reasonable for standard single-family and small multi rentals.
You know 07950 now. You don’t know where it ranks.
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How 07950 ranks in New York-Newark-Jersey City, NY-NJ-PA
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