Land and home values in Morris County, New Jersey
Morris County (metro core, New York-Newark-Jersey City, NY-NJ) covers 461 square miles and 110 census tracts. Residential land is about $26.30 per sq ft at the county median, from $15.90 in its most rural tracts to $61.70 in its most valuable. The typical home is worth about $687,000 and a 2-bedroom rents for about $2,680 a month, as of October 12, 2026.
Open on the satellite mapAll of New JerseyCounty values
| Land: residential | $26.30 | per sq ft |
| Land: residential | $1.15M | per acre |
| Land: quarter-acre lot | $286,407 | 10,890 sq ft |
| Land: farmland | $35,900 | per acre |
| Home: typical (median) | $687,000 | value |
| Home: entry-level | $526,000 | lower quartile |
| Home: upper-end | $846,000 | upper quartile |
| Build new | $179 | per sq ft, no land |
| Rent: 1-bedroom | $2,220 | per month |
| Rent: 2-bedroom | $2,680 | per month |
| Rent: 3-bedroom | $3,360 | per month |
| Rent: 4-bedroom | $3,830 | per month |
| Gross yield, 2-bed | 4.7% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 2 | $44.80 | $1.36M | $2,580 |
| Upper | 23 | $39.10 | $982,000 | $3,140 |
| Mid | 45 | $28.70 | $725,000 | $2,860 |
| Entry | 40 | $20.00 | $515,000 | $2,460 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Rolling Hill | Neighborhood | $89.30 | $1.24M |
| Enclave at Chatham | Subdivision | $82.90 | $1.22M |
| Briarwood Coachlight Square | Subdivision | $81.80 | $1.22M |
| Chatham Hill Apartments | Subdivision | $79.20 | $1.29M |
| Sutton Woods Condos | Subdivision | $77.60 | $1.21M |
| Rosevalle | Subdivision | $76.50 | $1.33M |
| Chatham | Town | $76.30 | $1.17M |
| Manor Woods | Neighborhood | $74.40 | $1.11M |
Questions people ask
How much is land worth in Morris County, NJ?
Residential land in Morris County, NJ is about $26.30 per square foot, or $1.15M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $286,407. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Morris County, NJ?
The typical (median) home in Morris County, NJ is worth about $687,000, with entry-level homes around $526,000 and upper-end homes around $846,000, as of October 2026.
How much is rent in Morris County, NJ?
A 2-bedroom rents for about $2,680 a month in Morris County, NJ, a 1-bedroom about $2,220 and a 3-bedroom about $3,360 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Morris County, NJ?
Farmland averages about $35,900 an acre in Morris County, NJ (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.