Craftsman Farms, Gustav Stickley's historic log home in Parsippany
Craftsman Farms, Gustav Stickley's National Historic Landmark in Parsippany. Photo by Daniel Case, CC BY-SA 3.0, via Wikimedia Commons.
Community Guide · Morris County NJ · Updated October 2026

Buying a Home in Parsippany, NJ

Parsippany-Troy Hills is Morris County's largest township and one of its most active real estate markets. With direct access to Routes 80, 287, 46 and 10, major corporate headquarters, and a wonderfully diverse community, Parsippany offers strong value for the money — and it's one of Romila's busiest markets.

What Makes Parsippany Special

Craftsman FarmsThe National Historic Landmark home of furniture maker Gustav Stickley, open for tours.
Lake neighborhoodsLake Parsippany, Lake Hiawatha, and Rainbow Lakes each have their own close-knit feel.
A business hubHome to many corporate headquarters and offices, so plenty of residents work close to home.
Diverse diningOne of Morris County's most diverse communities, with restaurants from many cuisines along Route 46 and in its neighborhood centers.
Smith Field ParkSports fields and playgrounds that anchor local leagues and community events.
Commuter optionsLakeland buses to New York, plus nearby Morris Plains and Mount Tabor train stations.

Why Buyers Love Parsippany

Location is the headline: nearly every North Jersey commute is manageable from Parsippany. The township spans distinct neighborhoods — Lake Hiawatha, Lake Parsippany, Troy Hills, Powder Mill and more — each with its own character. Buyers get parks, lakes, a large library system, and one of the most internationally diverse communities in New Jersey.

The Market

Parsippany's range is wide: starter homes and capes from the $400Ks, renovated splits and colonials in the $600K–$800K range, and larger newer homes above $1M. Homes here sell fast — competitively priced listings often go under contract within two weeks with multiple offers.

Romila's Track Record in Parsippany

Parsippany is home turf for Romila. Current and recent activity includes 11 Dolly Dr ($699K), 310 Halsey Rd ($1,089,000) and 58 Navajo Ave in Lake Hiawatha ($799K), both now under contract, and sales at 3 Woodhaven Rd ($750K), 20 Druid Hill Rd ($945K), 25 Wenonah Ave and 12 Carlson Pl. A Parsippany first-time buyer called her 'a powerhouse... 100% honest' in a five-star review.

Parsippany Neighborhoods

Lake HiawathaA close-knit neighborhood with its own downtown on Beverwyck Road and its own 07034 zip code, popular with first-time buyers.Lake Hiawatha guide →
Lake ParsippanyA lake community with a long-established property owners' association, beaches, and a strong neighborhood identity.
Mount TaborFounded in the 1860s as a Methodist camp-meeting retreat, with Victorian cottages, a historic district, and its own train station.Mount Tabor guide →
Rainbow LakesA quieter lake community of homes set around a chain of small lakes.
Troy Hills and central ParsippanyLarger subdivisions close to Route 46, I-80, I-287, shopping, and the township's corporate offices.

Many lake communities are run by private associations with annual dues, membership rules, and beach or boating rights. Terms vary, so Romila reviews them with buyers before an offer.

Home Prices

$789,000median sale price over the three months through August 2026 (Redfin)For comparison, the Morris County median was about $756,000 over the three months through August 2026 (Redfin). For a precise value on a specific home, ask Romila for a free valuation.

Inspection tip, radon: 12% of 11,133 homes tested in Parsippany-Troy Hills measured at or above 4 pCi/L, the level where the EPA and NJDEP recommend fixing it (NJDEP Tier 2, moderate potential). The state recommends testing every home; a mitigation system typically runs about $1,200. Learn more.

Romila's Sales in Parsippany-Troy Hills

Prices and dates from Zillow sales records. "Co-listed" means Romila shared the listing with a Weichert colleague. These are a sample of her 210 career sales; see the full sales history.

Schools

The Parsippany-Troy Hills School District is one of the larger districts in Morris County, with ten elementary schools, two middle schools (Brooklawn and Central), and two high schools, Parsippany Hills High School and Parsippany High School. The high school a student attends depends on the neighborhood.

School stats
  • 76th in NJParsippany Hills High School, U.S. News 2025–26 (1,534th nationally)
  • 98%Parsippany Hills High School graduation rate (U.S. News 2025)
  • 109th in NJParsippany High School, U.S. News 2026–27
  • 9.9 to 1Students per teacher at Parsippany Hills High School
  • 49% / 61%Seniors taking at least one AP exam at Parsippany High / Parsippany Hills (U.S. News)

Sources: U.S. News & World Report Best High Schools (college readiness); U.S. News & World Report, 2025; SchoolDigger (New Jersey Department of Education data), 2024–25. Rankings change each year; confirm school assignments for a specific address with the district.

High school sports & activities: Parsippany Red Hawks and Vikings
  • 1999Group III state champions in boys' basketball (Parsippany High)
  • 1986Group III state champions in softball, finishing 27–3 (Parsippany High)
  • 1982Group III state champions in boys' cross country (Parsippany High)

The township's two high schools, Parsippany High and Parsippany Hills, share one of Morris County's liveliest crosstown rivalries.

Sources: NJSIAA championship records via Wikipedia; Shore Sports Network (2026 lacrosse final).

Commuting to New York City

MethodHowTypical travel time
TrainMount Tabor station, Morristown Line (about 36 weekday trains)About 70–80 min to New York Penn Station via Midtown Direct
Train, more optionsMorris Plains station next door (about 77 weekday trains)About 65–75 min to New York Penn Station, no transfer
BusLakeland Bus Route 46 and I-80 service, including the Waterview Park & Ride, to the Port Authority Bus TerminalAbout 50–60 min with light traffic, longer at rush hour
CarAbout 27 miles to Midtown via I-80 and the Lincoln TunnelAbout 40–50 min off-peak; rush hour can add 30 minutes or more
Newark AirportAbout 20 miles by carAbout 25–35 min off-peak

Train times and frequencies are based on NJ Transit's published schedule data (September 2026) and published commute-time tables; bus routes are from the NJ Department of Transportation. Drive times are estimates calibrated to typical off-peak travel. Times vary by train and traffic, so check NJ Transit or a map app for your exact trip.

Getting around & nearby
  • TrainMount Tabor station (Morristown Line, limited service), with full service at nearby Morris Plains and Denville
  • Commuter busesService to New York along the Route 80 and Route 46 corridors
  • HighwaysI-80, I-287, Route 46, Route 10, and Route 202
  • HospitalsMorristown Medical Center; Saint Clare's Hospital in Denville

Schedules and service change; check NJ Transit for current trains and buses.

Parks & Things to Do

Smith Field Park, with its sports fields and playgrounds, is a hub for local leagues and community events. Lake Parsippany and Lake Hiawatha are popular lake neighborhoods, Rainbow Lakes offers quiet water views, and Craftsman Farms, Gustav Stickley's National Historic Landmark home, is open for tours. Restaurants and shopping are spread along Route 46 and the township's neighborhood centers.

What Parsippany Clients Say

★★★★★
"We just bought our first home and couldn't have done it without Romila. She is a powerhouse! …"
aashikishah1 · March 30, 2026 · Bought · Parsippany-Troy Hills · Zillow review · More reviews

Frequently Asked Questions

Is Parsippany NJ a good place to live?
Yes — Parsippany offers unmatched highway access, diverse dining and communities, lakes and parks, and strong value compared to neighboring towns.
How much does a home cost in Parsippany NJ?
Parsippany homes range from roughly $400K starter homes to over $1M for larger updated properties, with most single-family homes trading between $500K and $900K.
Who is a top real estate agent in Parsippany NJ?
Romila Bajaj of Weichert Realtors is one of the most active agents in Parsippany, with multiple current listings and sales throughout the township and a 5.0-star Zillow rating.
What are property taxes like in Parsippany, NJ?
The average residential property tax bill in Parsippany-Troy Hills was about $10,366 in 2023, according to New Jersey Department of Community Affairs data. Bills have generally risen since; the statewide average reached a record $10,570 in 2025. Romila can pull the exact taxes for any home you're considering.

Thinking About Parsippany?

Whether you're buying your first home or selling to move up, Romila brings 210 career sales, 96 five-star reviews, and true local knowledge to every transaction.

Contact Romila   Call (956) 844-6612
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