ZIP Code 07950
standardSource:
Morris Plains · Morris County · New Jersey
- Population
- 19,564
- Median income
- $153,762
- Median home value
- $589,900
- Bachelor's or higher
- 66.1%
- Land area
- 23.5 sq mi
833/sq mi
▲ 102% vs US
higher than 97% of US ZIPs
▲ 112% vs US
higher than 90% of US ZIPs
Median age 44.4
New York
ZIP code 07950 in Morris Plains, New Jersey has a population of 19,564. The median household income is $153,762, which is 102% above the national average. Median home value is $589,900, 112% above the US average. 66.1% of residents hold a bachelor's degree or higher.
ZIP code 07950 is classified by USPS as a standard delivery area and covers roughly 23.5 square miles in Morris Plains, Morris County, New Jersey. The area is home to 19,564 residents, producing a population density of 833 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 07950 against New Jersey and the nation.
On the economic side, the median household income for ZIP 07950 sits at $153,762 (26% above the New Jersey average), while per-capita income is $73,079. The poverty rate stands at 2.5% and the unemployment rate at 5.4%. On housing, the median home value is $589,900 (14% above the state average) with median rent at $2,612 per month, and 75.3% of occupied units are owner-occupied, a direct signal of whether 07950 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 66.1% of adults hold a bachelor's degree or higher, the median age is 44.4, and the average commute is 30 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Morris County, so you can benchmark 07950 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 07950
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 07950.
- Professional, scientific, and technical services
Professional, scientific, and technical services
69 establishments
- Retail trade
Retail trade
58 establishments
- Health care and social assistance
Health care and social assistance
53 establishments
- Accommodation and food services
Accommodation and food services
52 establishments
- Other services (except public administration)
Other services (except public administration)
46 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 07950, Morris Plains, NJ · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
19,564
Population
23.5
Area (sq mi)
833
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 07950?
44.4
Median Age
50.2%
Male
49.8%
Female
24.7%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$153,762
Median Household Income
+26% vs state
$73,079
Per Capita Income
2.5%
Poverty Rate
5.4%
Unemployment Rate
30.2 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
8,582
Total Housing Units
8,367
Occupied Units
215
Vacant Units
2.49
Avg Household Size
Occupancy Type
$589,900
Median Home Value
+14% vs state
$2,612
Median Rent
1971
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+11.2%
YoY Change (2024)
238
HPI Index (2000 = 100)
+138%
Total Change Since 2000
Home values in ZIP 07950 have increased 11.2% over the past year (2024). Since 2000, this ZIP has seen +138% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +1.3% | 168 |
| 2021 | +6.0% | 178 |
| 2022 | +10.6% | 197 |
| 2023 | +8.8% | 214 |
| 2024 | +11.2% | 238 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 511 business establishments in ZIP 07950, employing approximately 15,770 people with a combined annual payroll of $2,183,805,000.
511
Businesses
15,770
Employees
$2.2B
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 69 | 13.5% |
| Retail trade | 58 | 11.3% |
| Health care and social assistance | 53 | 10.4% |
| Accommodation and food services | 52 | 10.2% |
| Other services (except public administration) | 46 | 9.0% |
| Finance and insurance | 45 | 8.8% |
| Administrative and support and waste management and remediation services | 44 | 8.6% |
| Construction | 41 | 8.0% |
| Real estate and rental and leasing | 34 | 6.7% |
| Wholesale trade | 21 | 4.1% |
| Management of companies and enterprises | 12 | 2.4% |
| Educational services | 11 | 2.1% |
| Transportation and warehousing | 8 | 1.6% |
| Manufacturing | 7 | 1.4% |
| Information | 6 | 1.2% |
| Arts, entertainment, and recreation | 4 | 0.8% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 07950 vs 07878 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 07878 | Mount Tabor, NJ | 934 | 1.9 mi |
| 07834 | Denville, NJ | 17,722 | 3.0 mi |
| 07927 | Cedar Knolls, NJ | 3,403 | 2.2 mi |
| 07960 | Morristown, NJ | 43,747 | 4.3 mi |
| 07981 | Whippany, NJ | 8,865 | 3.7 mi |
| 07046 | Mountain Lakes, NJ | 4,194 | 3.9 mi |
| 07054 | Parsippany, NJ | 29,305 | 4.3 mi |
| 07869 | Randolph, NJ | 25,291 | 5.2 mi |
| 07961 | Convent Station, NJ | 4 | 5.1 mi |
| 07866 | Rockaway, NJ | 22,098 | 7.6 mi |
More ZIP Codes in Morris County
Related Areas
Frequently Asked Questions
What county is ZIP code 07950 in? ▼
What is the population of ZIP code 07950? ▼
What is the median household income in ZIP 07950? ▼
What is the average home value in ZIP 07950? ▼
What is the demographic makeup of ZIP 07950? ▼
How many businesses are in ZIP code 07950? ▼
What are the main industries in ZIP code 07950? ▼
How have home values changed in ZIP code 07950? ▼
What is the education level in ZIP code 07950? ▼
What is the average commute time in ZIP 07950? ▼
What percentage of residents own vs. rent in ZIP 07950? ▼
What is the poverty rate in ZIP code 07950? ▼
ZIP Code Research Guides
Official Data Resources for Morris Plains, NJ
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.