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Market MapNew JerseyMorris

Morris County

New JerseyPopulation: 508,816
56
/100
Hold
#438 of 1,000 counties
#11 in New Jersey (21 counties)

Market Snapshot

$681,975
Median Home Price
192% above national median
$2,812/mo
Median Rent
86% above national median
4.95%
Rent-to-Price Ratio
Top 76% nationally
-$1,747
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$681,975
Down Payment (20%)$136,395
Loan Amount$545,580
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$2,812
Monthly P&I-$3,575
Est. Expenses (35%)-$984
Net Cash Flow-$1,747/mo
3.2%
Cap Rate (all cash)
-13.4%
Cash-on-Cash Return
4.95%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.2% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
56/100
56
Cash Flow(30%)
44/100

Based on 4.95% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
80/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
52/100

Price-to-income ratio of 5.2x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (4.95%)
  • -Negative cash flow at typical financing (-$1,747/mo)
  • -Negative leverage (cap rate 3.2% < mortgage rate 6.9%)

Economic Indicators

Population
508,816
Median Income
$130,808
vs $57,018 national est.
Unemployment Rate
—
Data pending
Price-to-Income
5.2x
Less affordable

Compare to Nearby Counties

CountyVerdict
MercerNJ
60$431,761$2,5146.99%BuyView
MiddlesexNJ
58$567,497$2,5445.38%HoldView
OceanNJ
58$527,692$2,7356.22%HoldView
CurrentMorrisNJ
56$681,975$2,8124.95%Hold
HunterdonNJ
55$614,687$2,5274.93%HoldView
SomersetNJ
53$640,205$2,6504.97%HoldView

The Bottom Line

HoldMorris is a neutral market. Consider house hacking or targeting below-market deals.

Morris County in New Jersey scores 56/100, ranking #438 of 1,000 US counties (top 58%). The 4.95% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-1,747/mo
Cap Rate
3.2%
Cash-on-Cash
-13.4%

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