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ZIP Code 07005

Morris, New Jersey

ZCTA 07005

Juniper

ZIP Code 07005 is in the 94th percentile nationally for median income. It also sits in the highest 10% nationally for typical home value. And it sits in the highest 11% nationally for median rent.

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

$753,267

Higher than 90% of U.S. ZIP codes
Home Price Growth, Past Five Years

53%

Near the U.S. ZIP codes median
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

71.9

Higher than 58% of U.S. ZIP codes

The boundary of ZIP Code 07005, in Morris, New Jersey.

The basics

Total Population

15,307

Median Age

41.5

Population Density

836.02

Home values & property tax

Median Property Tax

$10,001

Property Tax Rateyearly tax as a share of home value

—

The Census publishes home values only up to $2 million and incomes up to $250,000, so this ratio cannot be worked out for the most expensive areas.

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

4.43×

Higher than 78% of U.S. ZIP codes
Median Income

$132,629

Higher than 94% of U.S. ZIP codes
Median Rent

$1,869

Higher than 89% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

7.2%

Higher than 77% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

33%

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

20%

Climate & weather

Summer Avg High (°F)

83.2

Winter Avg Low (°F)

22.9

Avg Temperature (°F)

51.8

Hot Days/yr (>90°F)

16.2

Freezing Days/yr (<32°F)

123.9

Annual Precipitation (in)

49.2

Annual Snowfall (in)

28.1

Flood & disaster risk

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

71.9

Higher than 58% of U.S. ZIP codes

The full report

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

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 07005: frequently asked questions

What is the typical home value in ZIP Code 07005?
The estimated median home value in ZIP Code 07005 today is $753,267, higher than 90% of U.S. ZIP codes.
How much is property tax in ZIP Code 07005?
The median annual property tax in ZIP Code 07005 is $10,001.
Is ZIP Code 07005 expensive to live in?
Homes in ZIP Code 07005 cost about 4.43× the median household income, higher than 78% of U.S. ZIP codes.
What is the average rent in ZIP Code 07005?
The median gross rent in ZIP Code 07005 is $1,869 a month, higher than 89% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 07005?
Home prices in ZIP Code 07005 have moved 53% over the past five years (7.2% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 07005?
ZIP Code 07005 has a population of 15,307, about 836.02 people per square mile, per the U.S. Census American Community Survey. The median age is 41.5.
What is the weather like in ZIP Code 07005?
ZIP Code 07005 averages 51.8°F year-round, summer highs near 83.2°F, winter lows around 22.9°F (NOAA 1991–2020 normals). It sees about 28.1 inches of snow a year.
Is ZIP Code 07005 at risk of flooding or natural disasters?
ZIP Code 07005's FEMA National Risk Index score is 71.9 (higher than 58% of U.S. ZIP codes). 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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