Zip Code

07950

City

Morris Plains, NJ

Population & Migration

What is the forecasted population for Zip code 07950 Morris Plains, NJ?

Population census 2020
19,759
Forecasted population 2025
21,801
10.3% vs. 2020
Forecasted population 2030
21,978
11.2% vs. 2020

Zip code 07950 Morris Plains, NJ population is forecasted to grow 10.3% by 2025 (5.6 points above the 4.7% national average).

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Housing and Affordability

With a forecasted population of 21,801 people for 2025 zip code 07950 Morris Plains, NJ will generate a good demand for housing, which is expected to have a deficit of 862 houses for 2030. Vacancy rate is 8.3 points below national US average.

Total homes available 2020
7,673
Estimated total home demand in 2030
8,535
Total homes balance inventory
862

Average Household Income in zip code 07950 Morris Plains, NJ
from Internal Revenue Service

Average household income in 2021
$160,697

Affordability

Affordability Index
3

Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5

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Drinking water violations

How is the quality of drinking water in Zip code 07950 Morris Plains, NJ?

County total number of drinking water violations

1965

+705%

244

County total number of drinking water contaminations

53

+121%

24

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