| ZIP Code | 07950 |
|---|---|
| City | Morris Plains |
| State | New Jersey (NJ) |
| County | Morris County |
| Area Code | 908/973 |
| Elevation | 696 ft |
| Latitude | 40.846026 |
|---|---|
| Longitude | -74.482314 |
| Timezone | New York (DST) |
| FIPS | 34027 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.1 yrs ↑ 4% since 2019 |
|---|---|
| Avg Household Size | 2.50 |
| Below Poverty | 2.8% ▼ 72% below avg |
| College Grads | 71.3% ▲ 84% above avg |
| Unemployment | 5.4% ▲ 10% above avg |
| No HS Diploma | 179 (1.2%) |
| HS Graduate | 2,340 (15.4%) |
| Some College | 911 (6%) |
| Associates | 926 (6.1%) |
| Bachelors | 969 (6.4%) |
| Graduate Degree | 9,845 (64.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $148,469 ▲ 95% above avg ↑ 17% since 2019 |
|---|---|
| Median Home Value | $571,300 ▲ 105% above avg ↑ 19% since 2019 |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $2,549/mo ↑ 17% since 2019 |
| Total Units | 8,460 |
| Vacant Units | 156 |
| Avg HH Size | 2.50 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 8,460 |
|---|---|
| Vacant | 156 |
| Owner Occupied | 75.5% |
| Renter Occupied | 24.5% |
| Avg HH Size | 2.50 |
ZIP code 07950 is located in Morris Plains, New Jersey, within Morris County. With a population of 21,576, this is a moderately populated ZIP code with a mature community — the median age is 45.1 years. Economically, 07950 is a upper-middle-income ZIP code: the median household income of $148,469 is significantly above the national average.
Real estate in ZIP code 07950 represents a premium housing market. The median home value of $571,300 is more than double the national average. Renters can expect to pay around $2,549 per month in median rent. Homeownership is strong here — 75.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 19% since 2019.
The population of 07950 is majority White (60.88%). Residents are highly educated — 71.3% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 2.8%. Household income has grown by 17% since 2019.
The unemployment rate in 07950 stands at 5.4%, which is near the national average. A notably high share of workers — 26% — work from home, reflecting the professional makeup of the area. As in most parts of the country, driving alone is the dominant commute mode at 64%.
Overall, ZIP code 07950 in Morris Plains, NJ is characterized as upper-middle-income, highly educated, a mature community, and predominantly owner-occupied. With 21,576 residents, a median household income of $148,469, and a median home value of $571,300, it offers a clear picture of life in this part of New Jersey.