Morristown town: Median Gross Rent Trend
How Morristown town'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
$1,626
2023
$2,171
Total change
+$545
% change
+33.5%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,626 | — |
| 2019 | $1,729 | +$103 (6.3%) |
| 2020 | $1,941 | +$212 (12.3%) |
| 2021 | $1,978 | +$37 (1.9%) |
| 2022 | $2,147 | +$169 (8.5%) |
| 2023 | $2,171 | +$24 (1.1%) |