Morristown, NJ

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Morristown short-term rental market based on reliable data.

Listings

9 / 36

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$47,156

Middle-Earners Revenue

Occupancy

68%

Middle-Earners Occupancy

Home Value

$913,428

Median Home Sale Price

Top Earners

$56,362

Top-Earners Revenue

Morristown

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Morristown.

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C

Challenging to Investors

Morristown Regulations

Short‑term rentals are technically allowed but only in Morristown’s Town Core district and under tight eligibility (condo/HOA/co‑op with governing‑document permission, lawful accessory structure on owner‑occupied lots, or one unit in a 2‑4 family if owner‑occupied), plus a 60‑day/year cap and one guest‑party rule. Compliance costs and complexity are high: a $200/1‑yr STR license plus a $60 Certificate of Habitability renewed every 6 months, required off‑street parking proof, an in‑town emergency contact, and a daily guest register with extensive in‑unit postings. The narrow zoning scope, restrictive cap, and layered permitting/inspection duties make the regime challenging for investors.

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About Morristown

Morristown is a historic town in Morris County, New Jersey, and serves as the county seat. With a population of approximately 20,000 residents, it carries the atmosphere of a well-preserved small American city rather than a typical suburb, anchored by a stately central green and a brick-lined downtown of locally owned restaurants, galleries, and shops. Often described as the "military capital of the American Revolution," Morristown is best known for its deep Revolutionary War history, and it functions as a gateway to the scenic Skylands and Highlands regions of northwestern New Jersey. The town sits about 30 miles west of New York City, an easy journey for weekend visitors coming from the metropolitan area.

The signature attraction is the Morristown National Historical Park, which spreads across several sites in and around the town. Jockey Hollow, about a ten-minute drive south of the Morristown Green, was the site of the Continental Army's 1779–1780 winter encampment and today offers miles of wooded hiking and bridle trails. The park also preserves the Ford Mansion, where George Washington headquartered during the 1777 encampment, and Fort Nonsense, a hilltop earthwork overlooking the town that requires only a short drive and a brief uphill walk to reach.

In the heart of the town, the Morristown Green is a two-acre park that has served as the civic center since the colonial era and is surrounded by 18th- and 19th-century architecture, civic buildings, and small businesses that give the area its walkable, small-city feel. Just steps from the Green, the Mayo Performing Arts Center anchors the cultural calendar with year-round concerts, films, and family shows in a restored 1930s theater, making downtown lively well beyond the usual workday hours.

A short drive east, the Frelinghuysen Arboretum offers more than 120 acres of formal gardens, woodland trails, and a historic mansion, providing a quieter, family-friendly complement to the town's Revolutionary sites. The surrounding Morris County park system adds lakes, golf courses, and additional preserves within a short drive, while the rolling countryside of the New Jersey Highlands begins just to the northwest.

Morristown's combination of walkable downtown character, nationally significant historical sites, and reliable access from both New York City and northern New Jersey makes it a natural fit for short-term rentals. Visitors can spend their days exploring encampment trails, catching a show at the performing arts center, or driving into the nearby Highlands, then return in the evening to a town that feels distinctively rooted in American history.

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