Lowest typical home values in Morris County
Ranked by Zillow’s Home Value Index, a model of typical home value. Lower values can come with higher tax rates, so check both.
| # | Town | County | Typical home value | Effective tax rate | Commute by transit |
|---|---|---|---|---|---|
| 1 | Riverdale | Morris | $485K | 1.767% | 3.7% |
| 2 | Wharton | Morris | $487K | 2.486% | 2.8% |
| 3 | Mine Hill | Morris | $497K | 1.902% | 1.5% |
| 4 | Dover | Morris | $511K | 2.379% | 1.2% |
| 5 | Lincoln Park | Morris | $537K | 2.220% | 3.8% |
| 6 | Butler | Morris | $558K | 2.377% | 4.7% |
| 7 | Morris Plains | Morris | $729K | 1.927% | 3.3% |
| 8 | Kinnelon | Morris | $855K | 2.418% | 4.5% |
| 9 | East Hanover | Morris | $856K | 1.564% | 2% |
| 10 | Morristown | Morris | $906K | 1.681% | 2.1% |
| 11 | Madison | Morris | $1.02M | 1.535% | 8% |
| 12 | Florham Park | Morris | $1.05M | 1.270% | 5.5% |
| 13 | Mountain Lakes | Morris | $1.20M | 2.096% | 5.8% |
Source: Zillow Home Value Index (ZHVI), Sept. 30, 2026; NJ Division of Taxation, 2025 General Tax Rates and 2025 Average Residential Statistics; U.S. Census Bureau, ACS 2020–2024 5-year estimates. Municipalities with at least 2,000 residents in Morris County. Click a column to sort.
How to use this ranking
One number never picks a town. Use this list to build a shortlist, then open each town guide for taxes, values, commute and housing stock side by side, or put up to three in the comparison tool.
See the same ranking for all of North & Central NJ or the Morris County overview.
Questions, answered
Which Morris County town ranks #1 for lowest typical home values?
Riverdale (Morris County), at $485K, among 13 municipalities with at least 2,000 residents. Source: Zillow Home Value Index (ZHVI), Sept. 30, 2026.
Where does this data come from?
Zillow Home Value Index (ZHVI), Sept. 30, 2026. Rankings cover municipalities in Bergen, Passaic, Essex, Hudson, Morris, Union, Middlesex, Somerset and Monmouth counties with at least 2,000 residents.
Is this a list of the best places to live?
It ranks one measurable factor. For a combined view, try the best places to live scorecard, where you set the weights.
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