There are currently 6,978 real estate properties in Morris Plains, NJ, with a median automated valuation model (AVM) price of $531,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morris Plains, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Morris Plains, NJ, is $524,131.00, with the most expensive house in Morris Plains, NJ, topping out at $1,294,800.00 and the cheapest home in Morris Plains, NJ, clocking in at $136,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Morris Plains, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morris Plains, NJ, is on a rollercoaster ride. The average rent price in Morris Plains, NJ, is $2,631.00. Indeed, when looking to rent in Morris Plains, NJ, you can expect to pay as little as $1,290.00 or as much as $5,280.00, with the average rent median estimated to be $2,630.00. The good news is that finding an affordable and desirable property to rent in Morris Plains, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Morris Plains, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Morris Plains, NJ and much more. Save thousands at closing with home foreclosure listings in Morris Plains, NJ — up to 75% off market value!
Morris Plains is located in Morris, New Jersey, with an estimated municipal population of 6,255 residents. All of the best foreclosed homes for sale in Morris Plains are located in the following zip code areas on Foreclosure.com: 07950. The estimated population per square kilometer (.62 miles) in Morris Plains is 945.
So, about how much do homes cost in Morris Plains? The most recent median value of resident-owned homes in Morris Plains is 515,534. An estimated 83.1 percent of households in Morris Plains own their homes, with an average family size of 3.12. The median household income in Morris Plains is 128,438, with67.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Morris Plains, the median commute time of resident workers (in minutes) is 28.9. And last, but certainly not least, are you looking for homes to rent in Morris Plains? If so, the average rent price paid by renters in Morris Plains is 2,524, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Morris Plains, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Morris Plains is 44.1, split between 51.2 percent male versus 48.8 female. The percentage of residents who report being married in Morris Plains is 57.3, with an average family size of 3.12.
The percentage of residents who report their race in Morris Plains is as follows:
|Black / African American||2.1%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Morris Plains? Or maybe you are searching for 55+ active adult communities in and/or near Morris Plains?
The percentage of residents who report their age in Morris Plains is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Morris Plains with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Morris Plains.
How do you know that living in -- or moving to -- Morris Plains is right where you need to be? Perhaps you grew up in Morris Plains or already live nearby; therefore, the decision to buy a home in Morris Plains is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Morris Plains for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Morris Plains:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Morris Plains.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Morris Plains can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Morris Plains, meanwhile, can field multiple offers from more qualified buyers.