HomeNew JerseyMorris CountyParsippany CDP
Parsippany CDP, New Jersey: commercial real estate data.
Parsippany CDP 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.
77 sourced place values · tier FULL · 8 sections
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 7(a) lending to Parsippany borrowers
- 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
- Charge-off rate over resolved loans0.0 percent
- 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
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Parsippany
SBA 504 lending to Parsippany borrowers
- 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
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
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 Parsippany 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 Parsippany. 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
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 totalling $46.0 m, across 28 lenders, median approval $420,000, plus 5 504 approvals worth $5.6 m. 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?
Of the 10 loans that have reached a final outcome, 10 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Parsippany 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 Parsippany.
Is zoning published for Parsippany?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.