Parsippany, NJ

Population: 29,356
Average annual home appreciation rate: 1.32%
Total of homes for sale in this market:
Median home price: $423,735
Median Rent: $953 per room
Home price range: 36.02% of homes are between $376,001 – $470,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 52.48% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.08%
Number of renters: 39.94%
Number of owner occupied: 60.06%
Number people living below poverty level: 5.86%
Unemployment rate: 6.3%
Is this area perfect for real estate deals going on right now? Data shows in the last 5 years Parsippany has been down somewhat in the housing market. It has gradually increased and could pose a good opportunity for the savvy investor.

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