Parsippany, New Jersey.
, asking rent $2,832 (+3.0%). New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$1,729 (+134%) since Jan 2020.
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- New Jersey$3,019
- United States$1,922
Asking rents in Parsippany, NJ rose 3.0% over the past year — faster than the nation's +2.7%.
Living in Parsippany, Morris County, New Jersey
Parsippany, in Morris County, had 22,778 people in the 2020 census. Half its households earn more than $99,405 a year and half less, against $137,326 across Morris County; 7% of its people live below the poverty line. 48% of its homes are lived in by their owners and 52% are rented. Unemployment in Morris County was 3.9% in August 2026, and the county had 0.9% more jobs in 2025 than the year before. The most residents work in professional services, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Parsippany is a community in Morris County, New Jersey, where people tend to be somewhat older than in many places and most adults hold a four-year degree. Fewer households own their homes than across the county, and incomes run below the county's, though the great majority of residents live comfortably above the poverty line. Winters are cold and snowy, with January the coldest month, and summers are warm in July, with plenty of rain and melted snow over the year.
Work. Residents work mostly in professional and business services, in schools, hospitals and social care, in manufacturing and in shops. Among the largest workplaces in Parsippany are the Parsippany-Troy Hills Township School District, Wyndham Hotels & Resorts and Wegmans Food Markets. The typical commute is a fairly long one, and many people work from home, more than a few in a way that spares them the drive altogether.
Things to do. The big sights of the New York area are a longer drive away. They include the Statue of Liberty, one of the best known tourist attractions in the country, and the Metropolitan Museum of Art, a museum. Central Park, a garden in the middle of the city, is also a longer drive from town.
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- 9,095households
- 60%of adults have a degree
- 7%below the poverty line
- 28 mintypical commute
- 20%work from home
What residents work in
Employed residents by industry, from the Census survey. Morris County had 301,376 jobs in 2025, 0.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 21°; warmest in July, with highs near 85° and lows near 64°. About 49 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Boonton Southeast weather station, 2 miles away (NOAA).
Largest workplaces in Parsippany
- Parsippany-Troy Hills Township School DistrictSchool district1,418FTE
- Wyndham Hotels & ResortsHospitality530
- Wegmans Food MarketsRetail supermarkets516
- Marotta Parsippany334511 search, detection, navigation, guidance, aeronautical, and nautical system and instrument manufacturing381
- SunriseSupermarkets304
- Canfield ScientificPhotographic equipment manufacturing268
- Tilcon New YorkRoad construction203
- Community HopeMental health facilities, residential183
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 27 workplaces with 20 or more staff, 3,773 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- Inland floodingRelatively high
- Strong windrelatively high in parts of ParsippanyRelatively moderate
- Cold wavesrelatively high in parts of ParsippanyRelatively moderate
- LightningRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Parsippany’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Morris County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Parsippany home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
Not enough data to draw this yet.
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 6 Parsippany listings — the market is cooling.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Parsippany17.44%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Parsippany48
New listings per month
Sellers arriving at the market.
- Parsippany15
Zip codes with a Parsippany address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Parsippany — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.