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Prospect Point (Tract 044701)

Morris, New Jersey

FIPS 34027044701

Juniper

Prospect Point (Tract 044701) is in the 77th percentile nationally for median income. It also sits in the highest 23% nationally for home price growth over five years. And it sits in the highest 32% nationally for typical home value.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$488,708

Higher than 68% of U.S. tracts
Home Price Growth, Past Five Years

62%

Higher than 77% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

40.9

Lower than 59% of U.S. tracts

The basics

Total Population

4,757

Median Age

46.9

Population Density

1,892.42

Home values & property tax

Median Property Tax

$8,927

Property Tax Rateyearly tax as a share of home value

2.2%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

3.74×

Near the U.S. tracts median
Median Income

$107,614

Higher than 77% of U.S. tracts
Median Rent

$1,477

Higher than 59% of U.S. tracts

Home prices & appreciation

Home Price Growth, Past Year

6.1%

Higher than 67% of U.S. tracts
Pandemic Price Run-Up2019–20 low → 2022–23 peak

42%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

26%

Climate & weather

Summer Avg High (°F)

81.4

Winter Avg Low (°F)

21.1

Avg Temperature (°F)

50.5

Hot Days/yr (>90°F)

11.2

Freezing Days/yr (<32°F)

126.8

Annual Precipitation (in)

50

Annual Snowfall (in)

28.1

Flood & disaster risk

FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

40.9

Lower than 59% of U.S. tracts

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

Prospect Point (Tract 044701): frequently asked questions

What is the typical home value in Prospect Point (Tract 044701)?
The estimated median home value in Prospect Point (Tract 044701) today is $488,708, higher than 68% of U.S. tracts.
How much is property tax in Prospect Point (Tract 044701)?
The median annual property tax in Prospect Point (Tract 044701) is $8,927, an effective rate of 2.2% of home value.
Is Prospect Point (Tract 044701) expensive to live in?
Homes in Prospect Point (Tract 044701) cost about 3.74× the median household income, near the U.S. tracts median.
What is the average rent in Prospect Point (Tract 044701)?
The median gross rent in Prospect Point (Tract 044701) is $1,477 a month, higher than 59% of U.S. tracts.
How much have home prices grown in Prospect Point (Tract 044701)?
Home prices in Prospect Point (Tract 044701) have moved 62% over the past five years (6.1% in the past year), per the FHFA House Price Index.
How many people live in Prospect Point (Tract 044701)?
Prospect Point (Tract 044701) has a population of 4,757, about 1,892.42 people per square mile, per the U.S. Census American Community Survey. The median age is 46.9.
What is the weather like in Prospect Point (Tract 044701)?
Prospect Point (Tract 044701) averages 50.5°F year-round, summer highs near 81.4°F, winter lows around 21.1°F (NOAA 1991–2020 normals). It sees about 28.1 inches of snow a year.
Is Prospect Point (Tract 044701) at risk of flooding or natural disasters?
Prospect Point (Tract 044701)'s FEMA National Risk Index score is 40.9 (lower than 59% of U.S. tracts). Its greatest modeled natural hazard is inland flooding.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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