What is the median home value in Washington Township (Morris County), NJ?

The median value of owner-occupied homes in Washington Township (Morris County), NJ is $592,600 (±$17,760), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Washington Township (Morris County), the median home value went from $462,300 in 2015–2019 to $592,600 in 2020–2024 (+28.2%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

Median home value
$592,600 (±$17,760)
Owner-occupied homes
5,739 (±326)
Most common range
$500,000 to $999,999

Home values in Washington Township (Morris County)

Owner-occupied homes by value, 2020–2024
ValueWashington Township (Morris County)Morris CountyNew JerseyUnited States
Less than $50,0000.9% (±0.7 points)1.2%2.5%5.3%
$50,000 to $99,9990.7% (±0.6 points)1.0%1.8%6.1%
$100,000 to $149,9990.2% (±0.2 points)0.6%2.2%6.8%
$150,000 to $199,9990.5% (±0.5 points)0.8%4.3%9.0%
$200,000 to $299,9994.2% (±2.6 points)5.1%12.9%17.8%
$300,000 to $499,99926.6% (±4.5 points)30.3%34.2%26.9%
$500,000 to $999,99960.7% (±4.5 points)50.2%34.5%20.9%
$1,000,000 or more6.3% (±1.5 points)10.8%7.6%7.1%

The most common range is $500,000 to $999,999, 60.7% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Washington Township (Morris County) against Morris County, its state and the nation

Estimate (90% margin of error)
Washington Township (Morris County)Morris CountyNew JerseyUnited States
Median home value$592,600 (±$17,760)$582,500 (±$5,640)$454,400 (±$1,150)$332,700
Owner-occupied homes5,739 (±326)143,562 (±1,613)2,239,128 (±10,678)84,210,142

In Washington Township (Morris County), the median home value is not measurably different from Morris County ($582,500).

It is also higher than in New Jersey ($454,400).

It is higher than the national figure ($332,700).

In Morris County, Washington Township (Morris County) ranks 20 of 39 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 157 of 561.

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

How home values in Washington Township (Morris County) have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$462,300 (±$13,775)$592,600 (±$17,760)+28.2%Up after inflation
Median owner cost with a mortgage$3,140 (±$179)$3,487 (±$172)+11.1%Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Washington Township (Morris County)

Nearest places with a published estimate, compared with Washington Township (Morris County)
PlaceDistanceMedian home valueCompared with this place
Washington Township (Morris County)—$592,600 (±$17,760)—
Beattystown3.9 mi$416,000 (±$53,130)Lower
Califon Borough4.9 mi$431,600 (±$22,309)Lower
Hackettstown Town5.0 mi$361,600 (±$15,164)Lower
Chester Borough5.6 mi$659,800 (±$24,323)Higher
Chester Township5.8 mi$790,900 (±$69,311)Higher
Flanders6.1 mi$552,900 (±$45,377)Not measurably different
Mansfield Township (Warren County)6.1 mi$367,300 (±$30,705)Lower
Mount Olive Township6.3 mi$487,100 (±$16,195)Lower

Nearby places with a measurably lower figure: Beattystown, NJ ($416,000), Califon Borough, NJ ($431,600), Hackettstown Town, NJ ($361,600).

Nearby places with a measurably higher figure: Chester Borough, NJ ($659,800), Chester Township, NJ ($790,900).

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

Median home value across Morris County, place by place

RankPlaceMedian home value
14Montville Township$700,200 (±$25,725)
15Long Hill Township$697,100 (±$34,277)
16Randolph Township$670,700 (±$21,045)
17Chester Borough$659,800 (±$24,323)
18Morris Plains Borough$643,300 (±$26,749)
19Hanover Township$629,600 (±$22,432)
20Washington Township (Morris County)$592,600 (±$17,760)
21Morristown Town$567,600 (±$35,322)
22Denville Township$564,600 (±$32,188)
23Pequannock Township$553,200 (±$34,859)
24Parsippany-Troy Hills Township$536,200 (±$16,245)
25Boonton Town$495,400 (±$37,170)
26Mount Olive Township$487,100 (±$16,195)

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

The figures for Washington Township (Morris County) include the places inside it that have pages of their own: Long Valley.

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 Washington Township (Morris County)

What is the average home value in Washington Township (Morris County), NJ?

The Census Bureau publishes the median: $592,600 (±$17,760) for owner-occupied homes in Washington Township (Morris County) (2020–2024 American Community Survey).

Have home values in Washington Township (Morris County) gone up?

In Washington Township (Morris County), the median home value went from $462,300 in 2015–2019 to $592,600 in 2020–2024 (+28.2%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Washington Township (Morris County) sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

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 Washington township, Morris County, New Jersey (county subdivision:77240, 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 B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.

Figures last updated on .

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