HomeNew JerseyMorris CountyMorristown town
Morristown town, New Jersey: commercial real estate data.
Morristown town is a Census town of 20,453 people across 2.91 square miles of land, in Morris County. Median household income is $121,340, 36.7 percent of occupied homes are owned, and the SBA record carries 86 7(a) approvals to borrowers here worth $34.7 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Morristown
What Morristown is
- Census place typetown
- Land area2.91 sq mi
- Water area0.1 sq mi
- Population per square mile of land7,031
- County holding the largest share of its areaMorris County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morristown
How many people live in Morristown
- Population20,453
- Median age34.2
- Population under 183,487
- Share under 1817.0 percent
- Population 65 and over2,935
- Share 65 and over14.3 percent
- Households9,069
- Family households4,408
- Share of households that are families48.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morristown
Income and work in Morristown
- Median household income$121,340
- Per capita income$73,143
- Civilian labor force13,226
- Employed12,527
- Unemployed699 plus or minus 280
- Unemployment rate5.3 percent plus or minus 2.1
- Adults 25 and over15,131
- Adults 25 and over with a high school diploma or higher90.6 percent
- Adults 25 and over with a bachelor degree or higher58.1 percent
- Adults 25 and over with a graduate degree25.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morristown
Housing in Morristown
- Housing units9,360
- Occupied units9,069
- Vacant units291 plus or minus 180
- Vacancy rate3.1 percent plus or minus 1.9
- Owner occupied3,325
- Renter occupied5,744
- Ownership rate36.7 percent
- Median owner-occupied home value$567,600
- Median gross rent, monthly$2,274
- Annual rent as a share of median income22.5 percent
- Single family units3,196
- Share single family34.1 percent
- Units in buildings of two or more6,095
- Share in buildings of two or more65.1 percent
- Mobile homes69 plus or minus 82
- Median year structure built1970
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morristown
How Morristown gets to work
- Workers 16 and over who commute9,813
- Commuting under 15 minutes3,004
- Share commuting under 15 minutes30.6 percent
- Commuting 30 minutes or more3,410
- Share commuting 30 minutes or more34.7 percent
- Drove alone62.2 percent
- Carpooled9.5 percent plus or minus 2.7
- Public transport2.1 percent plus or minus 0.9
- Walked6.0 percent plus or minus 1.9
- Worked from home18.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morristown
SBA loans in Morristown (7(a))
- Approvals86
- Gross approval$34,724,700
- Average approval$403,776
- Median approval$180,000
- Ninetieth percentile approval$1,038,300
- Largest approval$3,500,000
- Jobs supported962
- Jobs per approval11.2
- Loans with a final outcome17
- Paid in full16
- Charged off1
- Charge-off rate over resolved loans5.9 percent
- Median term120 months
- Share on real estate terms of 20 years or more8.1 percent
- Share to franchises12.8 percent
- Distinct lenders30
- Distinct industries by NAICS48
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morristown
SBA loans in Morristown (504)
- Approvals5
- Gross approval$7,837,000
- Average approval$1,567,400
- Median approval$547,000
- Largest approval$3,291,000
- Jobs supported56
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Morris County, not Morristown
Morris County context, not Morristown figures
These are Morris County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Morristown measurements.
- Establishments in Morris County16,518
- Employment at those establishments, Morris County301,249
- Covered employment, Morris County298,824
- Average annual pay, Morris County$101,208
- Average weekly wage, Morris County$1,946
- Housing units permitted, Morris County2,055
- Of those, single family, Morris County864
- County product, 2024, Morris County$74,395,289,000
- County product change over the prior year, Morris County4.3 percent
- Average income of an arriving household, Morris County$142,777
Every figure in this section is published for Morris County as a whole and is not a measurement of Morristown. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Morristown questions, answered from the record.
How many people live in Morristown, New Jersey?
20,453, in 9,069 households. Morristown town covers 2.91 square miles of land, which is 7,031 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Morristown in?
Morris County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Morristown?
$121,340. The median owner-occupied home is valued at $567,600. Median gross rent is $2,274 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Morristown businesses?
86 7(a) approvals totalling $34.7 m, across 30 lenders, median approval $180,000, plus 5 504 approvals worth $7.8 m. These count approvals to borrowers whose address is in Morristown, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Morristown borrowers get paid back?
Of the 17 loans that have reached a final outcome, 16 were paid in full and 1 charged off, a charge off rate of 5.9 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Morristown figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Morris County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Morristown.
Is zoning published for Morristown?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.