ZIP comparison · New York-Newark-Jersey City, NY-NJ
07648 vs 07960
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 | ZIP07648Norwood, NJ | ZIP07960Morristown, NJ |
|---|---|---|
| Home value | ||
| Typical home value | Better: $901,650 | $901,161 |
| 1-year appreciation | +4.9% | Better: +5.3% |
| 5-year CAGR | +5.8% | Better: +6.2% |
| 10-year CAGR | +4.1% | Better: +4.6% |
| Rent & investment | ||
| Monthly rent | — | $2,923 |
| Gross yield | — | 3.9% |
| Cap rate | — | 2.3% |
| Property tax | ||
| Effective tax rate | 1.6% | Better: 1.5% |
| Typical annual tax | $14,812 | Better: $13,447 |
| Demographics | ||
| Population | 5,724 | 46,702 |
| Median household income | Better: $178,311 | $160,334 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively Moderate |
| Net migration | -2,294 | Better: -1,398 |
| Schools | ||
| Public schools | 2 | 11 |
| Students enrolled | 784 | 4,781 |