Morristown city: Median Gross Rent Trend
How Morristown city'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
$674
2023
$855
Total change
+$181
% change
+26.9%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $674 | — |
| 2019 | $731 | +$57 (8.5%) |
| 2020 | $714 | $17 (-2.3%) |
| 2021 | $756 | +$42 (5.9%) |
| 2022 | $814 | +$58 (7.7%) |
| 2023 | $855 | +$41 (5%) |