What is the rental vacancy rate in Parsippany, NJ?

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

The rental vacancy rate in Parsippany, NJ is 3.9% (±2.9 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.0% (±1.1 points).

305 (±174) homes, 3.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

Figures last updated on November 12, 2026.

Rental vacancy rate: 3.9% (±2.9 points)
Homeowner vacancy rate: 1.0% (±1.1 points)
Vacant homes: 305 (±174)

Vacancy in Parsippany against Morris County, its state and the nation

Estimate (90% margin of error)
	Parsippany	Morris County	New Jersey	United States
Rental vacancy rate	3.9% (±2.9 points)	3.3% (±0.8 points)	3.5% (±0.2 points)	5.5%
Homeowner vacancy rate	1.0% (±1.1 points)	0.5% (±0.2 points)	0.7% (±0.1 points)	0.9%
Vacant housing units	305 (±174)	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 Parsippany, 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 not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Parsippany

Nearest places with a published estimate, compared with Parsippany
Place	Distance	Rental vacancy rate	Compared with this place
Parsippany	—	3.9% (±2.9 points)	—
Troy Hills	1.2 mi	0.0% (±30.7 points)	Not measurably different
Lake Hiawatha	2.0 mi	2.6% (±3.7 points)	Not measurably different
Rainbow Lakes	2.3 mi	0.0% (±22.3 points)	Not measurably different
Mountain Lakes Borough	2.4 mi	0.0% (±46.6 points)	Not measurably different
Boonton Town	2.8 mi	3.5% (±3.5 points)	Not measurably different
Whippany	2.8 mi	0.0% (±9.1 points)	Not measurably different
Hanover Township	3.2 mi	0.0% (±3.6 points)	Not measurably different
Mount Tabor	3.3 mi	0.0% (±59.0 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
1	Pompton Plains	17.1% (±11.8 points)
2	Landing	12.4% (±14.0 points)
3	Parsippany	3.9% (±2.9 points)
4 (tie)	Oak Ridge	3.6% (±4.9 points)
4 (tie)	Pine Brook	3.6% (±5.5 points)
6 (tie)	Flanders	2.6% (±4.1 points)
6 (tie)	Lake Hiawatha	2.6% (±3.7 points)
8	White Meadow Lake	2.1% (±5.1 points)
9 (tie)	Brookside	0.0% (±45.1 points)

Showing 9 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

Is it hard to find a rental in Parsippany?

The rental vacancy rate in Parsippany, NJ is 3.9% (±2.9 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

How many homes are vacant in Parsippany?

An estimated 305 (±174) housing units, 3.2% 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 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_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.