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Morris County Corporate Hub

About 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 218

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.

City Guide

About Parsippany-Troy Hills

Real Estate & Housing

Parsippany-Troy Hills offers a varied housing stock shaped by decades of suburban growth around its lakes and highways. Single-family homes predominate, ranging from mid-century ranches and split-levels to larger colonials in established neighborhoods, with townhome and condominium communities concentrated near the township's commercial corridors for commuters seeking lower-maintenance living. The lakefront sections of Lake Hiawatha and Lake Parsippany add cottage-style and waterfront properties, while Mount Tabor's historic camp-meeting cottages give that district a distinctive character. This breadth, combined with the township's central location and strong job base, keeps Parsippany a perennial choice for households at many stages of life.

Neighborhoods

Parsippany-Troy Hills is organized around several distinct communities rather than a single center. Lake Hiawatha and Lake Parsippany are the two best-known lakefront neighborhoods, each with its own ZIP code, post office, and shopping area, and each built around a namesake lake with a park. Mount Tabor, a National Register-listed district, began as a 19th-century Methodist camp-meeting ground and retains its narrow lanes and historic cottages. Powder Mill and Rainbow Lakes are smaller residential pockets, while the Troy Hills section and the central Parsippany area house much of the township's commercial activity. This structure gives buyers the choice between quiet, established streets and neighborhoods closer to shopping, highways, and office parks.

Lifestyle in Parsippany-Troy Hills

Parsippany-Troy Hills balances a dense employment core with distinctly suburban, often lake-centered residential life. The township's commercial corridors along Routes 10 and 46 carry an extensive lineup of hotels, restaurants, shopping centers, and international grocers, reflecting a diverse population that includes a large Indian-American community with its own temples, grocers, and restaurants. Neighborhood life centers on the lakes — Lake Hiawatha and Lake Parsippany — and on a network of parks and recreation programs. Its position near Morristown and its own corporate base give the township a busy, convenient character, with commuters, office workers, and long-established residents sharing the community.

Schools & Education

Public education in Parsippany-Troy Hills is provided by the Parsippany-Troy Hills School District, a comprehensive pre-K through 12th-grade system serving about 7,200 students across 14 schools. The district operates multiple elementary schools, two middle schools, and two high schools — Parsippany High School and Parsippany Hills High School — reflecting the township's size. The district is consistently rated among the stronger systems in Morris County, and its breadth of academic, arts, and athletic programming is a draw for families. Private and parochial school options in the surrounding area add further choice for residents.

Getting Around

Parsippany-Troy Hills sits at one of northern New Jersey's most important highway junctions, where Interstates 80 and 287 meet. I-80 carries traffic east toward New York City and west toward Pennsylvania, while I-287 runs north-south through Morris County. Routes 46 and 10 are the township's primary local and commercial corridors, and Route 202 passes through as well. NJ Transit operates bus service through the township, with express routes to the Port Authority Bus Terminal in Manhattan, and the Lakeland Bus Lines 46/80 service provides additional commuting options. Newark Liberty International Airport is reachable via I-78 or I-80, and Morristown's NJ Transit rail station offers Midtown Direct train service a short drive away.

Parks & Recreation

Parsippany-Troy Hills maintains a large parks and recreation system, with the township's goal of placing recreation within walking distance of residents. Facilities include Smith Field Park, Veterans Park, and Lake Parsippany Park, which host sports leagues, picnic areas, and seasonal programs, along with the Cameron Dog Park and neighborhood playgrounds. The 27-acre Craftsman Farms, the former home and workshop of Arts and Crafts designer Gustav Stickley, operates as a museum and public park and is a National Historic Landmark. Old Troy County Park and the larger Morris County park system, plus nearby Morristown National Historical Park, extend hiking and outdoor options well beyond the township's own facilities.

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 14
trending_down Price Reductions 0
payments Median Sale Price $700,000 +3.7%
square_foot Price per Sq Ft $3
schedule Avg Days on Market 0
sell Homes Sold 109
percent Sale-to-List Ratio 104.0%
inventory_2 Months of Inventory 5.3

Price & Sales History

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

For sale

Houses in Parsippany-Troy Hills, NJ

Handpicked properties hitting the scene in your area.

12 Spring Street
$435,000 For Sale
12 Spring Street
Toms River, NJ 08753
  • 1,324 sqft
  • 3 beds
  • 1.5 baths
  • 22626448
29 Bayview Drive
$489,000 For Sale
29 Bayview Drive
Brick, NJ 08723
  • 1,308 sqft
  • 3 beds
  • 2 baths
  • 22626447
10785 WINDMILL CREEK LN
$675,000 ACTIVE
10785 WINDMILL CREEK LN
Berlin, MD 21811
  • 3,328 sqft
  • 4 beds
  • 3 baths
  • MDWO2040774
51 PRINCE STREET
$725,000 ACTIVE
51 PRINCE STREET
Chatsworth, NJ 08019
  • 2,817 sqft
  • 3 beds
  • 2.5 baths
  • NJBL2119066
12314 BEECHNUT COURT
$795,000 COMING SOON
12314 BEECHNUT COURT
Woodbridge, VA 22192
  • 3,206 sqft
  • 4 beds
  • 3.5 baths
  • VAPW2128684
54 W STATE STREET #2
$2,750 ACTIVE
54 W STATE STREET #2
Doylestown, PA 18901
  • 1,200 sqft
  • 2 beds
  • 1.5 baths
  • PABU2129614
13218 TALL OAK TURN
$597,500 COMING SOON
13218 TALL OAK TURN
Sumerduck, VA 22742
  • 2,089 sqft
  • 3 beds
  • 2.5 baths
  • VAFQ2023634
MAUVE ROAD
$449,900 ACTIVE
MAUVE ROAD
Hedgesville, WV 25427
  • 1,624 sqft
  • 3 beds
  • 2 baths
  • WVBE2053916
8346 STATIONHOUSE COURT
$3,000 COMING SOON
8346 STATIONHOUSE COURT
Lorton, VA 22079
  • 1,408 sqft
  • 4 beds
  • 2.5 baths
  • VAFX2337048
20 GRACEFUL LANE
$3,100 ACTIVE
20 GRACEFUL LANE
Levittown, PA 19055
  • 1,850 sqft
  • 4 beds
  • 2 baths
  • PABU2129612
108 HAVERSACK COURT NE
$995,000 ACTIVE
108 HAVERSACK COURT NE
Leesburg, VA 20176
  • 3,297 sqft
  • 4 beds
  • 3.5 baths
  • VALO2134842
11 PAGODA COURT
$405,000 COMING SOON
11 PAGODA COURT
Lawrenceville, NJ 08648
  • 1,508 sqft
  • 2 beds
  • 2.5 baths
  • NJME2078722

For sale

Townhomes in Parsippany-Troy Hills, NJ

Handpicked properties hitting the scene in your area.

$425,000 ACTIVE
956 W 3RD STREET
Williamsport, PA 17701
  • 3,501 sqft
  • PALY2002536
523 WALNUT STREET
$525,000 ACTIVE
523 WALNUT STREET
Lebanon, PA 17042
  • 3,240 sqft
  • PALN2028244
8207 Tamarron Drive
$2,600 For Rent
8207 Tamarron Drive
Plainsboro, NJ 08536
  • 1,256 sqft
  • 2 beds
  • 2 baths
  • 2702572R
339 Quinton Drive #339B
$340,000 For Sale
339 Quinton Drive #339B
Monroe, NJ 08831
  • 1,612 sqft
  • 2 beds
  • 2 baths
  • 2703234R
505 Martin Road #2
$2,100 For Rent
505 Martin Road #2
Toms River, NJ 08753
  • 2 beds
  • 1 baths
  • 22626383
5310 Ravens Crest Drive
$1,700 For Rent
5310 Ravens Crest Drive
Plainsboro, NJ 08536
  • 667 sqft
  • 1 bed
  • 1 baths
  • 2703195R
29212 Radford Court
$3,000 For Rent
29212 Radford Court
Monroe, NJ 08831
  • 2 beds
  • 2 baths
  • 2703149R
1111 Green Hollow Drive
$379,900 For Sale
1111 Green Hollow Drive
Iselin, NJ 08830
  • 2 beds
  • 2 baths
  • 2701153R
1306 Ravens Crest
$1,895 For Rent
1306 Ravens Crest
Plainsboro, NJ 08536
  • 775 sqft
  • 1 bed
  • 1 baths
  • 2703219R
526-N Terry Lane
$2,400 For Rent
526-N Terry Lane
Monroe, NJ 08831
  • 1,150 sqft
  • 2 beds
  • 2 baths
  • 2703199R
1210 Edison Glen Terrace
$2,400 For Rent
1210 Edison Glen Terrace
Edison, NJ 08837
  • 1,291 sqft
  • 2 beds
  • 2 baths
  • 2703239R
1105 Aspen Drive
$1,750 For Rent
1105 Aspen Drive
Plainsboro, NJ 08536
  • 620 sqft
  • 1 bed
  • 1 baths
  • 2703139R

For sale

Condos in Parsippany-Troy Hills, NJ

Handpicked properties hitting the scene in your area.

28 Waterview Way #Upstairs
$2,100 For Rent
28 Waterview Way #Upstairs
Sea Bright, NJ 07760
  • 1 bed
  • 1 baths
  • 22626445
35 Red Oak Court
$450,000 For Sale
35 Red Oak Court
Haskell, NJ 07420
  • 1,535 sqft
  • 2 beds
  • 2.5 baths
  • 22626442
606 Bluebell Drive
$335,000 For Sale
606 Bluebell Drive
Jackson, NJ 08527
  • 1,072 sqft
  • 2 beds
  • 3.5 baths
  • 22626439
10 Ocean Boulevard #3c
$3,100 For Rent
10 Ocean Boulevard #3c
Atlantic Highlands, NJ 07716
  • 666 sqft
  • 1 bed
  • 1 baths
  • 22626422
35 Clay Street
$449,000 For Sale
35 Clay Street
North Brunswick, NJ 08902
  • 1,186 sqft
  • 2 beds
  • 2.5 baths
  • 2703238R
401 Boulevard #203
$899,000 For Sale
401 Boulevard #203
Seaside Heights, NJ 08751
  • 1,815 sqft
  • 3 beds
  • 2.5 baths
  • 22626409
1700 Webb Street #2H
$1,800 For Rent
1700 Webb Street #2H
Asbury Park, NJ 07712
  • 460 sqft
  • 1 baths
  • 22626402
311 4th Avenue #202
$1,950 For Rent
311 4th Avenue #202
Asbury Park, NJ 07712
  • 1 bed
  • 1 baths
  • 22626398
$450,000 For Sale
109 Maple Hill Drive
Woodbridge Proper, NJ 07095
  • 3 beds
  • 2.5 baths
  • 2703243R
350 Ocean Avenue #101
$7,000 For Rent
350 Ocean Avenue #101
Long Branch, NJ 07740
  • 1,771 sqft
  • 2 beds
  • 2.5 baths
  • 22626389
55 Frontier Way
$2,450 For Rent
55 Frontier Way
Tinton Falls, NJ 07753
  • 1,161 sqft
  • 2 beds
  • 1.5 baths
  • 22626388
3902 Spring Brook Drive
$4,200 For Rent
3902 Spring Brook Drive
Edison, NJ 08820
  • 2,520 sqft
  • 3 beds
  • 2.5 baths
  • 2703233R

Zip Codes

BROWSE BY ZIP

Browse listings by postal code in this area.

01 home for saleMedian sale$295K1 sale in the last 90 days
000005 homes for saleMedian sale$370KPer sq ft$199 sales in the last 90 days
0700151 homes for saleMedian sale$485KPer sq ft$3505 sales in the last 90 days
0700218 homes for saleMedian sale$535KPer sq ft$17327 sales in the last 90 days
0700396 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
0700573 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
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Contact us

Dennis Interdonato | Keller Williams Realty Ocean Living

(732) 598-2672

DennisMark@TheDennisMarkGroup.com

Keller Williams Realty Ocean Living

1513 Richmond Ave Point Pleasant, NJ 8742

  • (848) 241-6955
  • DennisMark@TheDennisMarkGroup.com