House Prices

Rockaway Meadow Parsippany, NJ House Prices & Home Values 2026


Average Data

average house price$597,639
average size per house2292 ft²
average price per ft²273 $ / ft²

05/23/2026 - The value range (VR) for house prices in Rockaway Meadow Parsippany, NJ is $259.35/ sqft to $286.65/ sqft. An average home with 2292 sqft costs approximately $619,991 to $685,253. Parsippany, NJ includes 1 ZIP codes and it is located in Morris county. The lowest prices are found in ZIP 07054, while the highest are in ZIP 07054. The average price per sqare feet is $273. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Rockaway Meadow Parsippany

07054276 $ / ft²




Historical development of home values in Rockaway Meadow Parsippany

Year Estimated value (USD) Change vs. 2025
2010 $277,554 -53.6%
2011 $266,821 -55.4%
2012 $266,103 -55.5%
2013 $276,049 -53.8%
2014 $289,776 -51.5%
2015 $304,648 -49.0%
2016 $320,546 -46.4%
2017 $337,848 -43.5%
2018 $356,526 -40.3%
2019 $373,057 -37.6%
2020 $392,343 -34.4%
2021 $446,247 -25.3%
2022 $520,224 -13.0%
2023 $548,600 -8.2%
2024 $580,338 -2.9%
2025 $597,639 0.0%

Graph: estimated home values in Rockaway Meadow Parsippany over time (USD)



Example: 100% financing house in Rockaway Meadow Parsippany

Loan amount: $597,639

Interest rate: 6.26%

Fixed monthly payment: $3,682.88

Breakdown in the 1st month:
Interest portion: $3,116.69  –  Principal portion: $566.19

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $37,201.94 $6,992.57 $590,646.43
2 $36,751.58 $7,442.94 $583,203.49
3 $36,272.20 $7,922.31 $575,281.18
4 $35,761.96 $8,432.56 $566,848.62
5 $35,218.84 $8,975.67 $557,872.95
6 $34,640.75 $9,553.76 $548,319.19
7 $34,025.43 $10,169.09 $538,150.10
8 $33,370.47 $10,824.04 $527,326.05
9 $32,673.33 $11,521.18 $515,804.87
10 $31,931.29 $12,263.22 $503,541.65
11 $31,141.46 $13,053.05 $490,488.60
12 $30,300.76 $13,893.76 $476,594.84
13 $29,405.91 $14,788.60 $461,806.24
14 $28,453.43 $15,741.09 $446,065.15
15 $27,439.60 $16,754.91 $429,310.24
16 $26,360.47 $17,834.04 $411,476.19
17 $25,211.85 $18,982.67 $392,493.53
18 $23,989.24 $20,205.28 $372,288.25
19 $22,687.89 $21,506.63 $350,781.62
20 $21,302.72 $22,891.80 $327,889.82
21 $19,828.34 $24,366.18 $303,523.65
22 $18,259.00 $25,935.52 $277,588.13
23 $16,588.58 $27,605.93 $249,982.20
24 $14,810.58 $29,383.94 $220,598.26
25 $12,918.06 $31,276.45 $189,321.81
26 $10,903.65 $33,290.86 $156,030.95
27 $8,759.51 $35,435.01 $120,595.94
28 $6,477.26 $37,717.26 $82,878.68
29 $4,048.02 $40,146.49 $42,732.19
30 $1,462.33 $42,732.19 $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 Rockaway Meadow Parsippany, NJ


1500 sqft3900 sqft
Ø selling price$516,802$1,099,378
Ø fast selling$469,820$989,440
Ø high price sale$563,784$1,209,316

In 2026, houses in Rockaway Meadow Parsippany, NJ will be offered at an average price of $273 per square foot. A 1,500 sqft home priced at $516,802 is 23.99% more expensive per square foot than a 3,900 sqft home priced at $1,099,378. Home prices in Rockaway Meadow Parsippany, 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 $761,108. Sellers who can wait longer may achieve a higher price of up to $930,243.


Living in Rockaway Meadow, Parsippany, NJ

Rockaway Meadow is a quiet residential pocket in Parsippany, NJ (Parsippany-Troy Hills), known for its suburban convenience and Morris County charm. The neighborhood appeals to buyers seeking tree-lined streets, nearby parks, and access to top regional employers. With a blend of single-family homes and townhome communities in the broader area, Rockaway Meadow offers options for first-time and move-up homeowners.


Location and Transportation

Commuters value its proximity to major roadways like Route 46, I-80, and I-287, putting North Jersey business hubs within easy reach. NJ Transit rail service from nearby stations in Denville, Mountain Lakes, and Morris Plains provides an alternative to driving for trips to Newark and New York City. Everyday errands are simplified by shopping, dining, and services along Route 46 and Route 10, plus local plazas throughout Parsippany.


Lifestyle, Parks, and Real Estate

Outdoor lovers enjoy quick access to Smith Field Park, Lake Parsippany, and the Tourne?s trail network in the surrounding towns. Families appreciate the Parsippany-Troy Hills School District and a wide selection of recreation programs, libraries, and community events. From well-kept colonials to updated ranches, homes in and around Rockaway Meadow tend to feature generous lots, garages, and convenient split-level layouts. If you?re exploring homes for sale in Rockaway Meadow, Parsippany NJ, partner with a local real estate expert to navigate inventory, pricing trends, and the closing process.



FAQ – Home Values in Rockaway Meadow Parsippany

What is the median home value in Rockaway Meadow Parsippany in 2026?

In 2026, the typical home value in Rockaway Meadow Parsippany is about $597,639 for an average home size of 2292 square feet. This corresponds to an average price of roughly $273 per square foot.

What is the average cost per square foot in Rockaway Meadow Parsippany?

In 2026, homes in Rockaway Meadow Parsippany sell for an average of around $273 per square foot, with a typical range between $259.35 and $286.65 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Rockaway Meadow?

The average home size in Rockaway Meadow Parsippany is about 2292 square feet, with an estimated 2026 value around $597,639.



Neighborhoods close to Rockaway Meadow Parsippany, NJ

Passaic Park Passaic, NJ202 $ / ft²
Mount Bethel Warren, NJ228 $ / ft²
Downtown Rahway Rahway, NJ254 $ / ft²
Gregory West Orange, NJ209 $ / ft²
Seven Oaks Orange, NJ199 $ / ft²
Bergenwood North Bergen, NJ387 $ / ft²




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