Parsippany CDP: Median Gross Rent Trend
How Parsippany CDP's median gross rent changed from 2020 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.
2020
$1,408
2023
$1,732
Total change
+$324
% change
+23%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | — | — |
| 2019 | — | — |
| 2020 | $1,408 | — |
| 2021 | $1,543 | +$135 (9.6%) |
| 2022 | $1,671 | +$128 (8.3%) |
| 2023 | $1,732 | +$61 (3.7%) |