Morris Plains, NJ · standard
ZIP Code 07950
Morris County, New Jersey - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 19,564
- 833/sq mi High-density area
- $153,762
- Median income Above-median income area
- $589,900
- Median home value Above-median home value
- 66.1%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Morris Plains pairs a top-decile household income with top-decile home values, in a low-density, homeowner-dominated area.
- Top 3%
- household income, US ZIPs
- Top 10%
- home value, US ZIPs
- 833
- people per sq mi
- 75%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 07950 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 07950 (Morris Plains, NJ) rose +11.2% from 2023 to 2024. The all-transactions index moved from 214.2 in 2023 to 238.1 in 2024 (2000 = 100).
ZIP code 07950 is a mid-sized community (a standard USPS delivery area) in Morris Plains, Morris County, New Jersey, home to 19,564 residents across 23.5 square miles, a density of 833 people per square mile, in the New York time zone.
ZIP 07950 skews affluent, with a median household income of $153,762 (26% above the average New Jersey ZIP), while per-capita income is $73,079. The poverty rate is 2.5%, with unemployment at 5.4%; those measures add context to the income figure. Median home value is $589,900 (14% above the average New Jersey ZIP) and median rent is $2,612; 75.3% of occupied homes are owner-occupied.
This is a highly-educated ZIP: 66.1% of adults hold a bachelor's degree or higher, the median age is 44.4, and the average commute is 30 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Morris County, so 07950 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 07950
Top 5 sectors by establishment count in Morris Plains, NJ
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$73,079
Per Capita Income
2.5%
Poverty Rate
5.4%
Unemployment Rate
30.2 min
Mean Commute Time
How ZIP 07950 ranks among New Jersey ZIPs
Morris Plains, NJ household income vs. every New Jersey ZIP code
Median household income among 565 reporting New Jersey ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$153,762 Top 22% higher than 78% of 565 New Jersey ZIPs
Each bar is a $20K-wide band; taller bars hold more New Jersey ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
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?
Housing stock: occupied vs vacant
8,582housing units
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 ZIP avg
$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 07950 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 07960
Morristown (07960)
43,747 residents
- 07054
Parsippany (07054)
29,305 residents
- 07869
Randolph (07869)
25,291 residents
- 07866
Rockaway (07866)
22,098 residents
- 07950
Morris Plains (07950)
19,564 residents
- 07834
Denville (07834)
17,722 residents
- 07981 8,865
Whippany (07981)
8,865 residents
- 07046 4,194
Mountain Lakes (07046)
4,194 residents
- 07927 3,403
Cedar Knolls (07927)
3,403 residents
What this shows Among its immediate neighbors, ZIP 07950 ranks #5 by population - useful context the national average alone can't give.
ZIP 07950 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 07046
Mountain Lakes (07046)
$250,000 median income
- 07927
Cedar Knolls (07927)
$170,400 median income
- 07869
Randolph (07869)
$169,497 median income
- 07960
Morristown (07960)
$160,334 median income
- 07834
Denville (07834)
$156,902 median income
- 07950
Morris Plains (07950)
$153,762 median income
- 07981
Whippany (07981)
$149,893 median income
- 07866
Rockaway (07866)
$131,403 median income
- 07878
Mount Tabor (07878)
$116,445 median income
What this shows By household income, ZIP 07950 ranks #6 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 07950, both outside NJ so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (19,564 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Morris County
Related Areas
Frequently Asked Questions
What county is ZIP code 07950 in?
ZIP code 07950 (Morris Plains) is located in Morris County, New Jersey. Morris County contains multiple ZIP codes, see the full list at /counties/morris-nj.
What is the population of ZIP code 07950?
ZIP code 07950 in Morris Plains, NJ has a population of 19,564 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 07950?
The median household income in ZIP 07950 is $153,762, which is 102% above the national average of $76,288.
What is the average home value in ZIP 07950?
The median home value in ZIP 07950 is $589,900, which is 112% above the national average of $278,155.
What is the demographic makeup of ZIP 07950?
The largest racial group in ZIP 07950 is White at 62.7%. Hispanic or Latino residents make up 9.2% of the population.
How many businesses are in ZIP code 07950?
ZIP code 07950 has 511 business establishments employing approximately 15,770 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 07950?
The top industries by establishment count in ZIP 07950 are: Professional, scientific, and technical services (69), Retail trade (58), Health care and social assistance (53). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 07950?
According to the FHFA House Price Index, home values in ZIP 07950 increased by 11.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 138%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 07950?
In ZIP code 07950, 80.8% of residents aged 25+ have a high school diploma or higher, and 66.1% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 07950?
The mean commute time for workers in ZIP code 07950 is 30.2 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 07950?
In ZIP code 07950, approximately 75.3% of occupied housing units are owner-occupied and 24.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 07950?
The poverty rate in ZIP code 07950 is 2.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 07950's numbers, next.
- See how ZIP 07950 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Morris Plains, NJ ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.