Parsippany-Troy Hills Twp., NJ Overview

The active, bustling community of Parsippany-Troy Hills features six major residential areas where a complete complement of housing features a wide range of styles and price ranges.  Four major highways bisect the township, which has seen rapid growth in recent decades in both residential and business sectors.  More than 70 major firms have chosen Parsippany-Troy Hills as the place to expand or relocate.  An excellent education system, local cultural amenities, attractive recreational facilities, and strong sense of community pride continue to attract newcomers to this thriving area.  Transportation efficiencies include Interstates 287, 280 and 80 as well as commuter bus to New York City. Recreational opportunities are diverse and include lush parks, playgrounds, athletic fields, league sports, private sports clubs, and a golf course.

Summary

Population Growth (since 2000) 5 %
Population Density (ppl / mile) 2,256.00
Household Size (ppl) 2.569
Households w/ Children 31 %

Housing Stability

Annual Residential Turnover 8 %
5+ Years in Residency 39 %
Median Year in Residency 3.85

Housing Inventory

Parsippany-Troy Hills Twp., NJ Housing Inventory 12,788 922 7,570 12,788 922 7,570

Market Overview

153 listings with an estimated median price of $400,000

Price Count
$0 - 100K 1
$100K - 200K 17
$200K - 300K 30
$300K - 400K 29
$400K - 500K 33
$500K - 600K 22
$600K - 700K 5
$700K - 800K 7
$800K - 900K 5
$900K - 1M 1
$1M - Max 3
Property Type Count
Single Family 107
Condo 1
Commercial 16
Rental 65
Lots and Land 3
Condo/Town/CoOp 26

(Data as of 12/15/2018)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Parsippany-Troy Hills Twp., NJ Population Demographics

Total: 53,173

Households:20,359

Median Age: 41.88

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Parsippany-Troy Hills Twp., NJ Temperature

Weather Risk

Parsippany-Troy Hills Twp., NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Parsippany-Troy Hills Twp., NJ Education Climate Index

Highest Education Level Attained

Parsippany-Troy Hills Twp., NJ Highest Education Level Attained 9,154 4,699 2,102 1,445 1,070 7,592 11,859 9,154 4,699 1,445 1,070 7,592

Employment and Finance

Workforce

Parsippany-Troy Hills Twp., NJ Workforce

Income by dollar range (Median Income: $87,521)

Parsippany-Troy Hills Twp., NJ Income by dollar range 580 434 588 554 521 578 575 590 625 1,334 2,102 3,119 2,495 1,807 2,840 653 893 73

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$1,044
One Bedroom
$1,099
Two Bedroom
$1,324
Three Bedroom
$1,695
Four Bedroom
$1,922

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Parsippany-Troy Hills Twp., NJ Crime

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