HomeNew JerseyMorris CountyParsippany
Parsippany, New Jersey: commercial real estate data.
Parsippany is a Census CDP of 21,345 people across 6.09 square miles of land, in Morris County. Median household income is $99,405, 48.4 percent of occupied homes are owned, and the SBA record carries 61 7(a) approvals to borrowers here worth $46.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Parsippany
What Parsippany is
- Census place typeCDP
- Land area6.09 sq mi
- Water area0.78 sq mi
- Population per square mile of land3,507
- 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.
Parsippany
How many people live in Parsippany
- Population21,345
- Median age42.2
- Population under 183,553
- Share under 1816.6 percent
- Population 65 and over4,567
- Share 65 and over21.4 percent
- Households9,095
- Family households5,986
- Share of households that are families65.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parsippany
Income and work in Parsippany
- Median household income$99,405
- Per capita income$57,518
- Civilian labor force12,127
- Employed11,374
- Unemployed753 plus or minus 181
- Unemployment rate6.2 percent plus or minus 1.4
- Adults 25 and over16,552
- Adults 25 and over with a high school diploma or higher91.6 percent
- Adults 25 and over with a bachelor degree or higher59.8 percent
- Adults 25 and over with a graduate degree25.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parsippany
Housing in Parsippany
- Housing units9,400
- Occupied units9,095
- Vacant units305 plus or minus 174
- Vacancy rate3.2 percent plus or minus 1.8
- Owner occupied4,402
- Renter occupied4,693
- Ownership rate48.4 percent
- Median owner-occupied home value$555,400
- Median gross rent, monthly$1,742
- Annual rent as a share of median income21.0 percent
- Single family units4,700
- Share single family50.0 percent
- Units in buildings of two or more4,690
- Share in buildings of two or more49.9 percent
- Mobile homes10 plus or minus 16
- Median year structure built1968
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parsippany
How Parsippany gets to work
- Workers 16 and over who commute8,985
- Commuting under 15 minutes2,186 plus or minus 457
- Share commuting under 15 minutes24.3 percent
- Commuting 30 minutes or more3,789
- Share commuting 30 minutes or more42.2 percent
- Drove alone66.1 percent
- Carpooled8.8 percent plus or minus 2.1
- Public transport3.3 percent plus or minus 1.3
- Walked0.6 percent plus or minus 0.5
- Worked from home19.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parsippany
SBA loans in Parsippany (7(a))
- Approvals61
- Gross approval$46,027,900
- Average approval$754,556
- Median approval$420,000
- Ninetieth percentile approval$2,029,200
- Largest approval$4,136,000
- Jobs supported1,100
- Jobs per approval18.0
- Loans with a final outcome10
- Paid in full10
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more9.8 percent
- Share to franchises13.1 percent
- Distinct lenders28
- Distinct industries by NAICS38
Counted by borrower city: approvals to borrowers whose address is in Parsippany, in any county, FY2020 to FY2026. Only 10 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Parsippany
SBA loans in Parsippany (504)
- Approvals5
- Gross approval$5,641,000
- Average approval$1,128,200
- Median approval$896,000
- Largest approval$2,603,000
- Jobs supported78
- Loans with a final outcome2
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Parsippany, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Morris County, not Parsippany
Morris County context, not Parsippany figures
- Establishments in Morris County16,518
- Covered employment, Morris County298,824
- Average annual pay, Morris County$101,208
- Housing units permitted, Morris County2,055
Every figure in this section is published for Morris County as a whole and is not a measurement of Parsippany.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Parsippany questions, answered from the record.
How many people live in Parsippany, New Jersey?
21,345, in 9,095 households. Parsippany CDP covers 6.09 square miles of land, which is 3,507 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Parsippany 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 Parsippany?
$99,405. The median owner-occupied home is valued at $555,400. Median gross rent is $1,742 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Parsippany businesses?
61 7(a) approvals totaling $46.0 m since FY2020, across 28 lenders, median approval $420,000, plus 5 504 approvals worth $5.6 m since FY2010. These count approvals to borrowers whose address is in Parsippany, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Parsippany borrowers get paid back?
No rate is published for Parsippany. Only 10 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Parsippany figures?
No, and they are labeled 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 Parsippany.
Is zoning published for Parsippany?
No. Nothing on this page presents parcel level zoning.