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Home values, rents and more in Parsippany, NJ

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical rent
$2,832/mo
Metro: $3,546 · U.S.: $1,932
Rents, past year
+3.2%
Metro: +4.3% · U.S.: +2.9%
Population
21,345
ACS 2020–24
Median household income
$99,405
Metro: $99,155 · U.S.: $80,734
ZIP codes around Parsippany, NJ, shaded by typical home valueParsippany070540704607034
  • Under $700k
  • $700k–$730k
  • $730k–$800k
  • $800k–$860k
  • $860k+
  • No data
ZIP codes around Parsippany, NJ, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Parsippany is outlined.

How Parsippany compares

Typical rent is $2,832 a month (Zillow Observed Rent Index), 20% below the New York metro area ($3,546) and 47% above the U.S. ($1,932). Rents rose 3.2% over the past year.

The median household income is $99,405, against $99,155 in the New York metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 21,345 people live in Parsippany (American Community Survey 2020–24).

Part of: Morris County, NJ · New York metro area · New Jersey

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Parsippany, NJ

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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