ZIP comparison · New York-Newark-Jersey City, NY-NJ
07054 vs 08867
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP07054Parsippany CDP, NJ | ZIP08867NJ |
|---|---|---|
| Home value | ||
| Typical home value | Better: $735,080 | $735,042 |
| 1-year appreciation | Better: +2.9% | +1.9% |
| 5-year CAGR | Better: +6.4% | +5.6% |
| 10-year CAGR | Better: +4.9% | +4.1% |
| Rent & investment | ||
| Monthly rent | $2,774 | — |
| Gross yield | 4.5% | — |
| Cap rate | 2.7% | — |
| Property tax | ||
| Effective tax rate | Better: 2.0% | 2.0% |
| Typical annual tax | Better: $14,475 | $14,886 |
| Demographics | ||
| Population | 29,480 | 5,204 |
| Median household income | $104,214 | Better: $204,583 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively Moderate | Relatively Low |
| Net migration | -1,398 | Better: -219 |
| Schools | ||
| Public schools | 8 | 1 |
| Students enrolled | 4,252 | 423 |