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  • 45 County Road 520 Suite 200
    Marlboro, NJ 07746
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Morris County Corporate Hub

Townhouses & Duplexes in Parsippany-Troy Hills, NJ

Welcome to Parsippany-Troy Hills, a Morris County township that blends lakefront neighborhoods with one of New Jersey's premier corporate corridors.

Parsippany-Troy Hills is a township in Morris County, New Jersey, located in the state's northern suburbs at the interchange of Interstates 80 and 287, roughly 25 miles west of New York City. With a population of roughly 56,000, it is among Morris County's largest municipalities and one of its most economically significant. The township wears two identities. It is a major corporate center — one of New Jersey's most concentrated office markets — with a long roster of pharmaceutical, life-sciences, and Fortune 500 employers, including companies such as Zoetis, PBF Energy, and Gilead Sciences. Vast office parks, hotels, and research facilities line Routes 10 and 46, making Parsippany a daytime employment magnet for the entire region and giving many residents the option of working close to home. At the same time, Parsippany-Troy Hills remains a collection of comfortable suburban neighborhoods. The lakefront communities of Lake Hiawatha and Lake Parsippany sit around their namesake lakes, each with its own park, shopping strip, and ZIP code. Mount Tabor, a National Register-listed historic district, began as a 19th-century Methodist camp-meeting ground and still carries its cottage architecture and narrow lanes. Additional sections — Powder Mill, Rainbow Lakes, Troy Hills — fill out the township's map. The result is a community that mixes a substantial commuter and professional population with long-standing residential neighborhoods and a notably diverse demographic makeup. The township's location astride two major interstates, its abundant employment, and its proximity to Morristown's dining and cultural scene make it practical for commuters to both New York City and New Jersey's own corporate corridor. Parsippany-Troy Hills suits households who want central access and a strong local job base, buyers seeking a range of housing from lakefront homes to townhomes, and families drawn to a well-regarded school district and an extensive parks system.

Population 56,397
County Morris
Active Listings 219
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homeHouses apartmentCondos & Apartments holiday_villageTownhouses & Duplexes crop_landscapeLots & Land parkFarms & Ranches

Frequently Asked Questions

What county is Parsippany-Troy Hills in?

Parsippany-Troy Hills is a township in Morris County, New Jersey, in the northern part of the state. It sits at the interchange of Interstates 80 and 287, roughly 25 miles west of New York City.

What is Parsippany known for?

Parsippany-Troy Hills is one of New Jersey's major corporate centers, with a concentration of pharmaceutical, life-sciences, and Fortune 500 companies. Notable employers with headquarters in the township have included Zoetis, PBF Energy, and Gilead Sciences, alongside extensive office parks along Routes 10 and 46.

What school district serves Parsippany-Troy Hills?

The Parsippany-Troy Hills School District serves public school students in grades pre-K through 12. The district operates 14 schools and about 7,200 students, with a student-teacher ratio of roughly 14 to 1, and runs two high schools serving the township's neighborhoods.

What are the main neighborhoods in Parsippany?

The township's best-known residential areas include Lake Hiawatha and Lake Parsippany, two lakefront neighborhoods with their own ZIP codes, plus the historic Mount Tabor district. Other communities include Powder Mill, Rainbow Lakes, and the Troy Hills section near the commercial corridors.

MARKET SNAPSHOT

The Market at a Glance

How homes have been selling here over the last 90 days.

home_work New This Week 124
Went Under Contract 13
trending_down Price Reductions 0
payments Median Sale Price $720,000 +6.3%
square_foot Price per Sq Ft $3
schedule Avg Days on Market 0
sell Homes Sold 105
percent Sale-to-List Ratio 105.0%
inventory_2 Months of Inventory 5.5

Price & Sales History

Market data reflects closed sales over the last 90 days and is provided for informational purposes.

BROWSE BY ZIP

Zip Codes

Browse listings by postal code in this area.

000004 homes for saleMedian sale$370KPer sq ft$199 sales in the last 90 days
0700150 homes for saleMedian sale$485KPer sq ft$3505 sales in the last 90 days
0700217 homes for saleMedian sale$535KPer sq ft$17327 sales in the last 90 days
0700395 homes for saleMedian sale$663KPer sq ft$1344 sales in the last 90 days
0700430 homes for saleMedian sale$715KPer sq ft$1251 sale in the last 90 days
0700572 homes for saleMedian sale$435KPer sq ft$4001 sale in the last 90 days
0700682 homes for saleMedian sale$795KPer sq ft$4891 sale in the last 90 days
0700862 homes for saleMedian sale$520KPer sq ft$2898 sales in the last 90 days
0700944 homes for saleMedian sale$1.5MPer sq ft$3901 sale in the last 90 days
0701011 homes for saleMedian sale$1.3MPer sq ft$3932 sales in the last 90 days
0701145 homes for saleMedian sale$1.1MPer sq ft$1721 sale in the last 90 days
0701226 homes for saleMedian sale$585KPer sq ft$5081 sale in the last 90 days
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