Home values, rents and more in ZIP code 07950 (Morris Plains, NJ)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 07950 in ProMap- Under $540k
- $540k–$730k
- $730k–$890k
- $890k–$1.1M
- $1.1M+
- No data
How 07950 compares
The typical home in ZIP code 07950 (Morris Plains, NJ) is worth about $718,000, according to the Zillow Home Value Index for September 2026. Home values in 07950 are about the same as the typical value in the New York metro area ($731,000) and 2.0 times the U.S. typical value ($366,000).
Over the past year, home values in 07950 rose 4.0%, compared with +4.9% in the New York metro area and +1.2% nationally.
Typical rent is $3,532 a month (Zillow Observed Rent Index), about the same as the New York metro area ($3,546) and 1.8 times the U.S. ($1,932). Rents rose 3.7% over the past year.
The median household income is $153,762, against $99,155 in the New York metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 21,651 people live in 07950 (American Community Survey 2020–24).
07950 has the 371st-lowest typical home value of the 815 ZIP codes in the New York metro area and the 164th-highest of 546 in New Jersey with Zillow figures.
Part of: Morris Plains, NJ · Morris County, NJ · New York metro area · New Jersey
More for 07950 in ProMap Plus
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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
- Zillow 12-month price forecast
- Crime rates
- School test scores
- 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
Nearby ZIP codes
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.