The housing in Raritan borough, NJ is in high demand due to its median value of $405,000 being significantly higher than the US House median value of $338,100. This difference in value is further highlighted by the 1 year house appreciation rate being 10.79% for Raritan borough compared to the US' 8.27%. These factors make Raritan borough a desirable place to live and invest in real estate, and will likely cause an increase in housing prices in the near future.
The median home cost in Raritan is $405,000. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Raritan is up 15.1%.
Average Age of Homes
- The median age of Raritan real estate is 54 years old
The Rental Market in Raritan
- Renters make up 32.0% of the Raritan population
- 1.3% of houses and apartments in Raritan, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.