What is the rental vacancy rate in Morristown Town, NJ?

Name: Vacancy rate in Morristown Town, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The rental vacancy rate in Morristown Town, NJ is 2.4% (±2.4 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.0% (±1.3 points).

291 (±180) homes, 3.1% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Morristown Town, the rental vacancy rate went from 8.1% in 2015–2019 to 2.4% in 2020–2024 (−5.7 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Rental vacancy rate: 2.4% (±2.4 points)
Homeowner vacancy rate: 0.0% (±1.3 points)
Vacant homes: 291 (±180)

Vacancy in Morristown Town against Morris County, its state and the nation

Estimate (90% margin of error)
	Morristown Town	Morris County	New Jersey	United States
Rental vacancy rate	2.4% (±2.4 points)	3.3% (±0.8 points)	3.5% (±0.2 points)	5.5%
Homeowner vacancy rate	0.0% (±1.3 points)	0.5% (±0.2 points)	0.7% (±0.1 points)	0.9%
Vacant housing units	291 (±180)	6,261 (±724)	283,653 (±4,943)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Morristown Town, the rental vacancy rate is not measurably different from Morris County (3.3%).

It is not measurably different from New Jersey (3.5%).

It is lower than the national figure (5.5%).

Rental vacancy rate in places near Morristown Town

Nearest places with a published estimate, compared with Morristown Town
Place	Distance	Rental vacancy rate	Compared with this place
Morristown Town	—	2.4% (±2.4 points)	—
Morris Township	0.9 mi	1.0% (±1.5 points)	Not measurably different
Cedar Knolls	1.9 mi	0.0% (±5.9 points)	Not measurably different
Morris Plains Borough	2.9 mi	0.0% (±6.0 points)	Not measurably different
Hanover Township	3.0 mi	0.0% (±3.6 points)	Not measurably different
Whippany	3.6 mi	0.0% (±9.1 points)	Not measurably different
Harding Township	4.0 mi	0.0% (±27.2 points)	Not measurably different
Madison Borough	4.1 mi	1.9% (±2.4 points)	Not measurably different
Green Village	4.4 mi	0.0% (±14.6 points)	Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Morris County, place by place

Rank	Place	Rental vacancy rate
8	Randolph Township	5.6% (±5.6 points)
9	Rockaway Township	3.7% (±4.1 points)
10	Boonton Town	3.5% (±3.5 points)
11 (tie)	Montville Township	2.8% (±4.3 points)
11 (tie)	Parsippany-Troy Hills Township	2.8% (±1.7 points)
13 (tie)	Jefferson Township	2.4% (±3.2 points)
13 (tie)	Morristown Town	2.4% (±2.4 points)
15	Netcong Borough	2.0% (±3.4 points)
16 (tie)	Madison Borough	1.9% (±2.4 points)
16 (tie)	Mount Olive Township	1.9% (±2.2 points)
18	Dover Town	1.7% (±1.7 points)
19	Riverdale Borough	1.3% (±2.2 points)
20	Morris Township	1.0% (±1.5 points)

Showing 13 of 39 places in Morris County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Morristown Town

Is it hard to find a rental in Morristown Town?

The rental vacancy rate in Morristown Town, NJ is 2.4% (±2.4 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Morristown Town tighter than it was?

In Morristown Town, the rental vacancy rate went from 8.1% in 2015–2019 to 2.4% in 2020–2024 (−5.7 percentage points), a measurable decrease.

How many homes are vacant in Morristown Town?

An estimated 291 (±180) housing units, 3.1% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Morristown town, Morris County, New Jersey (county subdivision:48300, in state:34 county:027).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.