HousingHandbookReference data

U.S. ZIP Code · NJ07082

Morris County · New York-Newark-Jersey City, NY-NJ

Typical home value

$860,490[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.9%
5-year / yr
+5.4%
10-year / yr
+3.8%

Relative price

vs U.S.
+202.9%
vs metro
+17.9%
vs state
+51.1%
ZIP 07082 location in NJ
Location of ZIP 07082 in NJ

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 07082 is worth $860,490 — 17.9% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 3.9%. The effective property tax rate is 2.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
2.0%[3]
Typical annual tax
$17,180[3]

#Climate risk

FEMA National Risk Index ratings for Morris County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Relatively Moderate
Hurricane
Relatively Moderate
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Very High

#Who lives here

Population
5,723[3]
Median household income
$205,023[3]

#Migration

Household moves in and out of Morris County over a year, from IRS tax-return data.

Net migration
-1,398[5]
Moved in
12,996
Moved out
14,394

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
1
Elementary
1
Middle
0
High
0
  • Cedar Hill School

    Elementary · Grades PK–5 · Montville Township School District

    313 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$4,351
Loan principal$688,392
Down payment$172,098
Total interest paid$878,006

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$6,502
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
34th percentile[1]
Rental yield
[2]
Property tax
70th percentile[3]

Frequently asked

How much is a home worth in ZIP code 07082?
The typical home in 07082 is worth $860,490, based on the Zillow Home Value Index.
Are home values rising in 07082?
Home values in 07082 are up 3.9% over the past year, and up 5.4% a year over five years.
What is the property tax rate in 07082?
The effective property tax rate in 07082 is 2.0% — roughly $17,180 a year on a typical home.
Who lives in 07082?
ZIP code 07082 has a population of 5,723 and a median household income of $205,023.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Hoboken, NJ

    Typical home
    $859,612
    Gross yield
    5.3%
  • New York, NY

    Typical home
    $864,209
    Gross yield
    4.5%
  • Point Pleasant, NJ

    Typical home
    $855,363
    Gross yield
    5.3%
  • Morganville CDP, NJ

    Typical home
    $866,721
    Gross yield
    4.6%
  • Floral Park, NY

    Typical home
    $853,929
    Gross yield
    3.8%
  • Hillsdale, NJ

    Typical home
    $853,512
    Gross yield

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