House Prices

House Prices & Home Values Morris Plains, NJ 2026


Average Data

average house price$412,700
average size per house1590 ft²
average price per ft²260 $ / ft²

04/04/2026 - The value range (VR) for house prices in Morris Plains, NJ is $294/ sqft to $294/ sqft. An average home with 1590 sqft costs approximately $467,460 to $467,460. Morris Plains, NJ includes 1 ZIP codes and it is located in Morris county. The lowest prices are found in ZIP 07950, while the highest are in ZIP 07950. The average price per sqare feet is $260. Our analysis is based on 77 property listings.

Avergage prices by ZIP codes Morris Plains

07950314 $ / ft²


House prices by neighborhoods in Morris Plains

Avalon Morris Plains317 $ / ft²
Coventry Park287 $ / ft²
Downtown Morris Plains271 $ / ft²
Foxwood267 $ / ft²
Highlands at Morris Plains291 $ / ft²
Powder Mill Heights266 $ / ft²
Powder Mill Village293 $ / ft²
Roberts Garden267 $ / ft²
Signature Place at Morris Plains303 $ / ft²
The American at Morris Plains280 $ / ft²




Historical development of home values in Morris Plains

Year Estimated value (USD) Change vs. 2025
2010 $191,665 -53.6%
2011 $184,254 -55.4%
2012 $183,758 -55.5%
2013 $190,626 -53.8%
2014 $200,105 -51.5%
2015 $210,375 -49.0%
2016 $221,354 -46.4%
2017 $233,301 -43.5%
2018 $246,199 -40.3%
2019 $257,615 -37.6%
2020 $270,932 -34.4%
2021 $308,156 -25.3%
2022 $359,241 -13.0%
2023 $378,836 -8.2%
2024 $400,753 -2.9%
2025 $412,700 0.0%

Graph: estimated home values in Morris Plains over time (USD)



Example: 100% financing house in Morris Plains

Loan amount: $412,700

Interest rate: 6.00%

Fixed monthly payment: $2,474.35

Breakdown in the 1st month:
Interest portion: $2,063.50  â€“  Principal portion: $410.85

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $24,624.14 $5,068.00 $407,632.00
2 $24,311.55 $5,380.59 $402,251.41
3 $23,979.69 $5,712.45 $396,538.96
4 $23,627.36 $6,064.78 $390,474.18
5 $23,253.30 $6,438.84 $384,035.33
6 $22,856.16 $6,835.98 $377,199.35
7 $22,434.53 $7,257.61 $369,941.75
8 $21,986.90 $7,705.24 $362,236.51
9 $21,511.66 $8,180.48 $354,056.02
10 $21,007.10 $8,685.04 $345,370.99
11 $20,471.43 $9,220.71 $336,150.28
12 $19,902.72 $9,789.42 $326,360.85
13 $19,298.93 $10,393.21 $315,967.64
14 $18,657.90 $11,034.24 $304,933.39
15 $17,977.33 $11,714.81 $293,218.58
16 $17,254.78 $12,437.36 $280,781.22
17 $16,487.67 $13,204.47 $267,576.76
18 $15,673.25 $14,018.89 $253,557.87
19 $14,808.60 $14,883.54 $238,674.33
20 $13,890.61 $15,801.53 $222,872.80
21 $12,916.01 $16,776.13 $206,096.67
22 $11,881.29 $17,810.85 $188,285.82
23 $10,782.76 $18,909.38 $169,376.44
24 $9,616.47 $20,075.67 $149,300.78
25 $8,378.25 $21,313.89 $127,986.88
26 $7,063.65 $22,628.49 $105,358.40
27 $5,667.98 $24,024.16 $81,334.24
28 $4,186.22 $25,505.92 $55,828.32
29 $2,613.07 $27,079.07 $28,749.25
30 $942.89 $28,749.25 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Morris Plains, NJ


1500 sqft3900 sqft
Ø selling price$471,901$1,003,861
Ø fast selling$429,001$903,475
Ø high price sale$514,801$1,104,246

In 2026, houses in Morris Plains, NJ will be offered at an average price of $260 per square foot. A 1,500 sqft home priced at $471,901 is 24.52% more expensive per square foot than a 3,900 sqft home priced at $1,003,861. Home prices in Morris Plains, NJ vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $694,980. Sellers who can wait longer may achieve a higher price of up to $849,421.


Explore Morris Plains, NJ

Overview

Morris Plains, NJ is a welcoming borough in Morris County known for its small-town charm and convenient suburban living.
Visitors and homebuyers appreciate its safe neighborhoods, leafy streets, and proximity to major employment hubs.

Location & Commute

Located near Routes 10, 24, and I?287, Morris Plains offers quick access to Newark, Morristown, and the broader North Jersey region.
The New Jersey Transit Morris & Essex Line station in town provides a direct rail commute to New York City, making it ideal for professionals.

Lifestyle & Amenities

A walkable downtown features locally owned cafés, popular restaurants, and everyday services that create a lively main-street vibe.
Abundant parks, recreation fields, and nearby trails support year-round fitness, youth sports, and outdoor fun.

Housing & Education

Morris Plains offers diverse real estate options, from classic colonials and ranches to modern townhomes in well-kept neighborhoods.
Families value the area?s top-rated schools and convenient access to higher education and cultural institutions across the region.

History & Community

Rooted in rich New Jersey history, the borough balances tradition with smart growth and vibrant community events.
Seasonal festivals, farmers markets, and volunteer organizations foster strong connections among residents in the 07950 ZIP code.



FAQ – Home Values in Morris Plains

What is the median home value in Morris Plains in 2026?

In 2026, the typical home value in Morris Plains is about $412,700 for an average home size of 1590 square feet. This corresponds to an average price of roughly $260 per square foot.

What is the average cost per square foot in Morris Plains?

In 2026, homes in Morris Plains sell for an average of around $260 per square foot, with a typical range between $294 and $294 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Morris Plains is about 1590 square feet, with an estimated 2026 value around $412,700.



Locations close to Morris Plains, NJ

Morristown, NJ477 $ / ft²
Convent Station, NJ434 $ / ft²
Mount Freedom, NJ359 $ / ft²
Millington, NJ332 $ / ft²
Mendham, NJ280 $ / ft²
Madison, NJ352 $ / ft²
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