Morris Plains borough: Median Gross Rent Trend
How Morris Plains borough's median gross rent 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
$2,116
2023
$2,686
Total change
+$570
% change
+26.9%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $2,116 | — |
| 2019 | $2,524 | +$408 (19.3%) |
| 2020 | $2,310 | $214 (-8.5%) |
| 2021 | $2,355 | +$45 (1.9%) |
| 2022 | $2,636 | +$281 (11.9%) |
| 2023 | $2,686 | +$50 (1.9%) |