New York-Newark-Jersey City, NY-NJ-PA · New Jersey

Morris County

ZIP 07849

510,375 residents1,581 permits TTM$134,929 median HHI50 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$557,000

ACS 5-Year

Cap rate proxy

5.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.5%

HUD FMR ÷ ACS HHI

Net migration

+2.39%

IRS SOI

Permits (TTM)

1,581

Census BPS

Climate risk

92.9

FEMA NRI (0–100)

ZIP 07849

Median home value

Gross yield

Buy Box score

0.9

Section 8 gap

Affordability

P/I: 3.8R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown50 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
078570.9
074570.9
078030.9
078010.9
078850.9
078470.9
078500.9
078490.9
070340.9
078520.9
070350.9
078660.9
078560.9
07438$557,000$2,2904.9%0.923.1%
078360.9
078760.9
078340.9
074050.9
074400.9
074440.8
078530.8
079810.8
079800.8
079330.8
079500.8
070450.7
078280.7
070820.7
079460.6
079270.6
079300.6
070050.5
070540.4
079360.4
079320.4
079450.3
079600.3
070460.2
070580.2
078690.2
079400.1
079280.1
079760.0
07842
07870
07878
07926
07935
07961
07970

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Demographics

Owner-occupied

73.9%

Census ACS

Vacancy rate

3.4%

Census ACS

Bachelor's degree +

57.2%

Census ACS

Rent burdened

42.3%

Census ACS (>30% income)

Median age

42.7

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026