ZIP comparison · New York-Newark-Jersey City, NY-NJ
07960 vs 11230
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 | ZIP07960Morristown, NJ | ZIP11230New York, NY |
|---|---|---|
| Home value | ||
| Typical home value | Better: $901,161 | $900,799 |
| 1-year appreciation | Better: +5.3% | +3.3% |
| 5-year CAGR | Better: +6.2% | -2.7% |
| 10-year CAGR | Better: +4.6% | +0.4% |
| Rent & investment | ||
| Monthly rent | $2,923 | Better: $2,691 |
| Gross yield | Better: 3.9% | 3.6% |
| Cap rate | Better: 2.3% | 2.2% |
| Property tax | ||
| Effective tax rate | 1.5% | Better: 0.6% |
| Typical annual tax | $13,447 | Better: $5,593 |
| Demographics | ||
| Population | 46,702 | 86,978 |
| Median household income | Better: $160,334 | $70,027 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively Moderate | Relatively High |
| Net migration | Better: -1,398 | -11,517 |
| Schools | ||
| Public schools | 11 | 5 |
| Students enrolled | 4,781 | 6,412 |