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ZIP Code 07054

Morris, New Jersey

ZCTA 07054

Juniper

ZIP Code 07054 is in the lowest 39% nationally for FEMA risk score. It also sits in the highest 10% nationally for typical home value. And it sits in the highest 12% nationally for home price against income.

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

$733,106

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

49%

Lower than 60% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

57

Lower than 61% of U.S. ZIP codes

The boundary of ZIP Code 07054, in Morris, New Jersey.

The basics

Total Population

29,480

Median Age

41.8

Population Density

2,131.42

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

5.63×

Higher than 88% of U.S. ZIP codes
Median Income

$104,214

Higher than 83% of U.S. ZIP codes
Median Rent

$1,731

Higher than 85% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

7.1%

Higher than 76% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

34%

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

18%

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)

24

Flood & disaster risk

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

57

Lower than 61% 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 07054: frequently asked questions

What is the typical home value in ZIP Code 07054?
The estimated median home value in ZIP Code 07054 today is $733,106, higher than 90% of U.S. ZIP codes.
How much is property tax in ZIP Code 07054?
The median annual property tax in ZIP Code 07054 is $10,001.
Is ZIP Code 07054 expensive to live in?
Homes in ZIP Code 07054 cost about 5.63× the median household income, higher than 88% of U.S. ZIP codes.
What is the average rent in ZIP Code 07054?
The median gross rent in ZIP Code 07054 is $1,731 a month, higher than 85% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 07054?
Home prices in ZIP Code 07054 have moved 49% over the past five years (7.1% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 07054?
ZIP Code 07054 has a population of 29,480, about 2,131.42 people per square mile, per the U.S. Census American Community Survey. The median age is 41.8.
What is the weather like in ZIP Code 07054?
ZIP Code 07054 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 24 inches of snow a year.
Is ZIP Code 07054 at risk of flooding or natural disasters?
ZIP Code 07054's FEMA National Risk Index score is 57 (lower than 61% 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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