What percentage of people rent in Parsippany, NJ?

Name: Renters and owners in Parsippany, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

51.6% (±3.2 points) of the occupied homes in Parsippany, NJ are rented (2020–2024 American Community Survey).

That is 4,693 renting households against 4,402 that own their home.

Figures last updated on November 12, 2026.

Households that rent: 51.6% (±3.2 points)
Renting households: 4,693 (±427)
Median renter income: $75,169 (±$5,920)

Who rents and who owns in Parsippany

Tenure, estimate (90% margin of error)
	Parsippany	Morris County	New Jersey	United States
Renter-occupied share	51.6% (±3.2 points)	25.7% (±0.8 points)	36.2% (±0.2 points)	34.8%
Renting households	4,693 (±427)	49,683 (±1,568)	1,268,573 (±8,082)	45,017,354
Owning households	4,402 (±360)	143,562 (±1,613)	2,239,128 (±10,678)	84,210,142
Average renter household size	1.9 (±0.1)	2.1 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	2.9 (±0.1)	2.8 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$75,169 (±$5,920)	$79,949 (±$4,109)	$62,674 (±$718)	$52,966
Median owner household income	$157,939 (±$16,649)	$165,144 (±$2,794)	$133,477 (±$624)	$100,009

In Parsippany, the renter share is higher than in Morris County (25.7%).

It is also higher than in New Jersey (36.2%).

It is higher than the national figure (34.8%).

In Morris County, Parsippany ranks 1 of 27 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 16 of 252.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Households that rent in places near Parsippany

Nearest places with a published estimate, compared with Parsippany
Place	Distance	Households that rent	Compared with this place
Parsippany	—	51.6% (±3.2 points)	—
Troy Hills	1.2 mi	7.2% (±3.9 points)	Lower
Lake Hiawatha	2.0 mi	41.5% (±6.7 points)	Lower
Rainbow Lakes	2.3 mi	32.6% (±11.6 points)	Lower
Mountain Lakes Borough	2.4 mi	3.9% (±2.4 points)	Lower
Boonton Town	2.8 mi	37.9% (±6.2 points)	Lower
Whippany	2.8 mi	12.7% (±2.9 points)	Lower
Hanover Township	3.2 mi	21.0% (±4.9 points)	Lower
Mount Tabor	3.3 mi	7.3% (±9.4 points)	Lower

Nearby places with a measurably lower figure: Troy Hills, NJ (7.2%), Lake Hiawatha, NJ (41.5%), Rainbow Lakes, NJ (32.6%).

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

Households that rent across Morris County, place by place

Rank	Place	Households that rent
1	Parsippany	51.6% (±3.2 points)
2	Green Village	50.3% (±17.1 points)
3	Lake Hiawatha	41.5% (±6.7 points)
4	Cedar Knolls	41.1% (±12.4 points)
5	Flanders	40.9% (±5.3 points)
6	Pine Brook	35.3% (±10.4 points)
7	Rainbow Lakes	32.6% (±11.6 points)

Showing 7 of 27 places in Morris County, ranked from highest to lowest.

Parsippany is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Parsippany-Troy Hills Township, whose figures include it.

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 Parsippany

How many renters are there in Parsippany?

Parsippany has an estimated 4,693 (±427) renting households, 51.6% of its occupied homes (2020–2024 American Community Survey).

How big are renting households in Parsippany?

A renting household in Parsippany has 1.9 people on average, against 2.9 in an owned home.

How much do renters earn in Parsippany?

The median renting household in Parsippany, NJ has an income of $75,169 (±$5,920) a year, against $157,939 for households that own their home.

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) and detailed tables (acs/acs5) for Parsippany CDP, New Jersey (place:56430, in state:34).

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

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.