ZIP Code 07960 — Morristown town, NJ Demographics & Data

ZIP code 07960 covers Morristown, NJ in Morris County with a population of about 46,178.

At a glance, the area shows median age of 39.5 (near the U.S. median).

It sits in telephone area codes 862, 973; U.S. House district NJ-11; the NEW YORK media market.

Morristown, NJ sits in a university / college context (near rabbinical college of america (1.5 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 07960 is about $149,462 — about 99% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 6.7%; unemployment rate near 5.0%; 67.6% of adults with a bachelor’s degree or higher (about 33.9 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Professional services, Manufacturing, and Healthcare; about 21.4% of workers reporting work-from-home (about 6.2 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $701,100 — about 101% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $2,104 (about 81% above the U.S. median rent ($1,163)), and owner-occupancy near 61.9% (about 3.5 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 07960 in Morristown, NJ, a household would need roughly $193,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,504. That is about 29% above the local median household income ($149,462), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Morristown town, NJ as Relatively Moderate (composite score 92.9), which is among the highest nationally. The strongest component scores on US5 are flood (96.3) and hurricane (85.2). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Morristown town, NJ show little to no average snow and around 50.4 inches of annual precipitation.

IRS migration statistics show a net inflow of about 2,972 for ZIP 07960 (Morristown town, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.