House Prices

Hospital Hill Morristown, NJ House Prices & Home Values 2026


Average Data

average house price$955,695
average size per house3117 ft²
average price per ft²328 $ / ft²

05/22/2026 - The value range (VR) for house prices in Hospital Hill Morristown, NJ is $311.6/ sqft to $344.4/ sqft. An average home with 3117 sqft costs approximately $1,037,303 to $1,146,493. 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 $328. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Hospital Hill Morristown

07960488 $ / ft²




Historical development of home values in Hospital Hill Morristown

Year Estimated value (USD) Change vs. 2025
2010 $443,842 -53.6%
2011 $426,679 -55.4%
2012 $425,530 -55.5%
2013 $441,435 -53.8%
2014 $463,385 -51.5%
2015 $487,168 -49.0%
2016 $512,591 -46.4%
2017 $540,258 -43.5%
2018 $570,127 -40.3%
2019 $596,562 -37.6%
2020 $627,402 -34.4%
2021 $713,602 -25.3%
2022 $831,900 -13.0%
2023 $877,277 -8.2%
2024 $928,028 -2.9%
2025 $955,695 0.0%

Graph: estimated home values in Hospital Hill Morristown over time (USD)



Example: 100% financing house in Hospital Hill Morristown

Loan amount: $955,695

Interest rate: 6.41%

Fixed monthly payment: $5,982.94

Breakdown in the 1st month:
Interest portion: $5,103.41  –  Principal portion: $879.52

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $60,925.37 $10,869.86 $944,825.14
2 $60,208.01 $11,587.22 $933,237.92
3 $59,443.30 $12,351.93 $920,885.99
4 $58,628.12 $13,167.11 $907,718.88
5 $57,759.14 $14,036.09 $893,682.79
6 $56,832.82 $14,962.41 $878,720.38
7 $55,845.36 $15,949.87 $862,770.52
8 $54,792.73 $17,002.49 $845,768.02
9 $53,670.64 $18,124.59 $827,643.43
10 $52,474.49 $19,320.74 $808,322.69
11 $51,199.40 $20,595.83 $787,726.86
12 $49,840.16 $21,955.07 $765,771.79
13 $48,391.21 $23,404.02 $742,367.78
14 $46,846.64 $24,948.59 $717,419.19
15 $45,200.14 $26,595.09 $690,824.10
16 $43,444.97 $28,350.26 $662,473.84
17 $41,573.97 $30,221.26 $632,252.58
18 $39,579.49 $32,215.74 $600,036.84
19 $37,453.38 $34,341.85 $565,694.99
20 $35,186.96 $36,608.27 $529,086.72
21 $32,770.96 $39,024.27 $490,062.45
22 $30,195.52 $41,599.71 $448,462.74
23 $27,450.10 $44,345.12 $404,117.61
24 $24,523.51 $47,271.72 $356,845.89
25 $21,403.76 $50,391.46 $306,454.43
26 $18,078.13 $53,717.10 $252,737.33
27 $14,533.02 $57,262.21 $195,475.13
28 $10,753.95 $61,041.28 $134,433.85
29 $6,725.47 $65,069.75 $69,364.09
30 $2,431.13 $69,364.09 $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 Hospital Hill Morristown, NJ


1500 sqft3900 sqft
Ø selling price$635,802$1,352,524
Ø fast selling$578,002$1,217,272
Ø high price sale$693,602$1,487,777

In 2026, houses in Hospital Hill Morristown, NJ will be offered at an average price of $328 per square foot. A 1,500 sqft home priced at $635,802 is 24.56% more expensive per square foot than a 3,900 sqft home priced at $1,352,524. Home prices in Hospital Hill 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 $936,363. Sellers who can wait longer may achieve a higher price of up to $1,144,444.

FAQ – Home Values in Hospital Hill Morristown

What is the median home value in Hospital Hill Morristown in 2026?

In 2026, the typical home value in Hospital Hill Morristown is about $955,695 for an average home size of 3117 square feet. This corresponds to an average price of roughly $328 per square foot.

What is the average cost per square foot in Hospital Hill Morristown?

In 2026, homes in Hospital Hill Morristown sell for an average of around $328 per square foot, with a typical range between $311.6 and $344.4 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Hospital Hill?

The average home size in Hospital Hill Morristown is about 3117 square feet, with an estimated 2026 value around $955,695.



Neighborhoods close to Hospital Hill 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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