RentDataNowRentDataNow
ZIP Code · NJ

ZIP 07950

Pop. 21,651·Morris County·17th most expensive ZIP in New Jersey
Median rent (all units)
$3,543/mo
Year-over-Year
+0.6%
Month-over-Month
+0.4%
vs US Median
+$1,578
Stable (Monthly)
Be the first to discuss 07950 rents ↓
Most AffordableMost Expensive
ZIP 07950 · $3,543
More expensive than 95% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$2,420
1 BR
$2,740
2 BR
$3,310
3 BR
$4,140
4 BR+
$4,710
Research median
$3,310/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$42,516/yr
At $3,543/mo median
Location
StateNJ
CountyMorris County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.6% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 07950 (Morris Plains, NJ) is majority owner-occupied, has a median income above the national average, 66.1% of residents hold a bachelor's degree or higher.

Population
21,651
Median income
$153,762
Median age
44.4
Renters
24.7%
Age distribution
19.4%
18.4%
30.3%
14.5%
17.4%
Under 1819.4%
18–3418.4%
35–5430.3%
55–6414.5%
65+17.4%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
62.7%
21.8%
White62.7%
Black2.5%
Hispanic9.2%
Asian21.8%
Other3.7%
Education (25+)
14.6%
15.3%
66.1%
No HS diploma3.9%
HS diploma14.6%
Some college15.3%
Bachelor's+66.1%
Housing tenure
75.3%
24.7%
Owner75.3%
Renter24.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 07950 in Morris Plains, NJ has changed in 5 years

Income
$134,726 → $153,762
up 14.1%
Population
21,068 → 21,651
up 2.8%
Renter share
23.3% → 24.7%
+1.4 pts
Bachelor's+
63.9% → 66.1%
+2.2 pts
Median age
45.7 → 44.4
-1.3 yrs

Median household income climbed from $134,726 to $153,762 between 2021 and 2024, a 14.1% shift. Census counts show ZIP 07950 in Morris Plains, NJ adding about 583 residents over the five-year window, up 2.8% on net. Bachelor's-degree-or-higher attainment moved from 63.9% to 66.1% across the same window.

Community

Discussions about ZIP 07950

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 07950

About renting in ZIP 07950

Last updated: July 20, 2026

ZIP code 07950 covers Morris Plains, NJ. The median rent here is $3,543/mo as of July 2026. A 1-bedroom rents for a median of $2,740/mo. A 2-bedroom rents for a median of $3,310/mo.

At 28% of local median household income ($153,762/yr), ZIP 07950 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07950?

As of July 20, 2026, the median monthly rent in ZIP 07950 (Morris Plains, NJ) is $3,543. This is based on aggregated data from public sources and community submissions.

How does ZIP 07950 rent compare to the US average?

ZIP 07950's median rent of $3,543/mo is $1,578 (80%) above the US national median of $1,965/mo.

How does ZIP 07950 compare to other ZIPs in New Jersey?

ZIP 07950 is one of the pricier ZIP codes in New Jersey, ranking #17 out of 212 ZIPs tracked at $3,543/mo.

How much income do you need to rent in ZIP 07950?

To keep rent at or below 30% of gross income, you would need to earn at least $142,000/year (~$68/hour full-time) to afford the median rent of $3,543/mo in ZIP 07950. The local median household income is $153,762/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07950?

Rent in ZIP 07950 has increased 0.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07950 an affordable place to rent?

ZIP 07950 is considered affordable for renters. At $3,543/mo, rent takes approximately 28% of the local median household income ($153,762/yr). The standard benchmark is 30%. ZIP 07950 falls comfortably within that range.

What percentage of ZIP 07950 residents rent vs. own?

According to Census data, approximately 24.7% of ZIP 07950 households are renters, while 75.3% are owner-occupied. ZIP 07950 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07950 compare to the rest of Morris Plains?

ZIP 07950 is pricier than Morris Plains as a whole. At $3,543/mo, it's $39 above the Morris Plains citywide median of $3,504/mo.

When was rent data for ZIP 07950 last updated?

Rent data for ZIP 07950 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $3,543/mo, rent takes ~28% of ZIP 07950's median household income ($153,762/yr). The standard benchmark is 30%.

ZIP 07950 28%Benchmark 30%
State income tax1.4–10.75%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 07950 (Morris Plains, NJ)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.