07857 — Morris County, New Jersey Market Snapshot
Housing market data for zip code 07857 in Morris County, New Jersey. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 2 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Morris County county page for broader data.
Market Sales Data
2 sales in 2026 (year to date)
Median Sale Price
$452,495
Days to Sell
95
Homes Sold
2
Inventory
4
Conforming Loan Available
Most homebuyers in 07857 can comfortably use conventional financing. The median home price of $452,495 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 95 days on average, 07857 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Conforming Loan Feasibility
Most homebuyers in 07857 can comfortably use conventional financing. The median home price of $452,495 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 07857 are set at the county level.
2026 Loan Limits — Morris County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 07857
To purchase the median home at $452,495 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,617.
Monthly Payment
$3,617
Income Required
$155,009
Principal & Interest
$2,788/mo
Down Payment (5%)
$22,625
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 07857.
Estimated Monthly Payment
$2,950
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 07857. Tell us what you're looking for.