House Prices

40 Park Morristown, NJ House Prices & Home Values 2026


Average Data

average house price$898,425
average size per house2930 ft²
average price per ft²308 $ / ft²

05/22/2026 - The value range (VR) for house prices in 40 Park Morristown, NJ is $292.6/ sqft to $323.4/ sqft. An average home with 2930 sqft costs approximately $860,748 to $951,353. Morristown, NJ includes 1 ZIP codes and it is located in Morris county. The lowest prices are found in ZIP 07960, while the highest are in ZIP 07960. The average price per sqare feet is $308. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes 40 Park Morristown

07960458 $ / ft²




Historical development of home values in 40 Park Morristown

Year Estimated value (USD) Change vs. 2025
2010 $417,245 -53.6%
2011 $401,110 -55.4%
2012 $400,030 -55.5%
2013 $414,982 -53.8%
2014 $435,617 -51.5%
2015 $457,974 -49.0%
2016 $481,874 -46.4%
2017 $507,883 -43.5%
2018 $535,962 -40.3%
2019 $560,813 -37.6%
2020 $589,805 -34.4%
2021 $670,839 -25.3%
2022 $782,048 -13.0%
2023 $824,706 -8.2%
2024 $872,416 -2.9%
2025 $898,425 0.0%

Graph: estimated home values in 40 Park Morristown over time (USD)



Example: 100% financing house in 40 Park Morristown

Loan amount: $898,425

Interest rate: 6.02%

Fixed monthly payment: $5,400.38

Breakdown in the 1st month:
Interest portion: $4,510.09  –  Principal portion: $890.29

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $53,821.16 $10,983.43 $887,441.57
2 $53,140.94 $11,663.65 $875,777.92
3 $52,418.59 $12,385.99 $863,391.93
4 $51,651.51 $13,153.08 $850,238.85
5 $50,836.93 $13,967.66 $836,271.19
6 $49,971.89 $14,832.70 $821,438.49
7 $49,053.28 $15,751.31 $805,687.18
8 $48,077.78 $16,726.81 $788,960.37
9 $47,041.86 $17,762.72 $771,197.65
10 $45,941.79 $18,862.79 $752,334.85
11 $44,773.60 $20,030.99 $732,303.86
12 $43,533.05 $21,271.54 $711,032.32
13 $42,215.67 $22,588.92 $688,443.41
14 $40,816.71 $23,987.88 $664,455.53
15 $39,331.11 $25,473.48 $638,982.05
16 $37,753.50 $27,051.09 $611,930.96
17 $36,078.19 $28,726.40 $583,204.56
18 $34,299.12 $30,505.46 $552,699.10
19 $32,409.88 $32,394.71 $520,304.39
20 $30,403.63 $34,400.96 $485,903.43
21 $28,273.13 $36,531.46 $449,371.97
22 $26,010.69 $38,793.90 $410,578.07
23 $23,608.13 $41,196.46 $369,381.61
24 $21,056.78 $43,747.81 $325,633.80
25 $18,347.41 $46,457.18 $279,176.63
26 $15,470.26 $49,334.33 $229,842.29
27 $12,414.91 $52,389.68 $177,452.62
28 $9,170.35 $55,634.24 $121,818.38
29 $5,724.84 $59,079.74 $62,738.63
30 $2,065.95 $62,738.63 $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 40 Park Morristown, NJ


1500 sqft3900 sqft
Ø selling price$561,257$1,193,945
Ø fast selling$510,233$1,074,551
Ø high price sale$612,280$1,313,340

In 2026, houses in 40 Park Morristown, NJ will be offered at an average price of $308 per square foot. A 1,500 sqft home priced at $561,257 is 23.09% more expensive per square foot than a 3,900 sqft home priced at $1,193,945. Home prices in 40 Park Morristown, NJ vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $826,578. Sellers who can wait longer may achieve a higher price of up to $1,010,261.

FAQ – Home Values in 40 Park Morristown

What is the median home value in 40 Park Morristown in 2026?

In 2026, the typical home value in 40 Park Morristown is about $898,425 for an average home size of 2930 square feet. This corresponds to an average price of roughly $308 per square foot.

What is the average cost per square foot in 40 Park Morristown?

In 2026, homes in 40 Park Morristown sell for an average of around $308 per square foot, with a typical range between $292.6 and $323.4 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in 40 Park?

The average home size in 40 Park Morristown is about 2930 square feet, with an estimated 2026 value around $898,425.



Neighborhoods close to 40 Park Morristown, NJ

Murray Hill New Providence, NJ402 $ / ft²
Hartley Farms New Vernon, NJ365 $ / ft²
Bee Meadow Whippany, NJ309 $ / ft²
Coventry Park Morris Plains, NJ287 $ / ft²
Mendham Commons Mendham, NJ250 $ / ft²
Downtown Madison Madison, NJ325 $ / ft²
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