Morris Plains borough: Median Home Value Trend
How Morris Plains borough's median home value changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$492,000
2023
$609,700
Total change
+$117,700
% change
+23.9%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $492,000 | — |
| 2019 | $517,500 | +$25,500 (5.2%) |
| 2020 | $540,900 | +$23,400 (4.5%) |
| 2021 | $556,100 | +$15,200 (2.8%) |
| 2022 | $602,000 | +$45,900 (8.3%) |
| 2023 | $609,700 | +$7,700 (1.3%) |