Rahway, NJ is a great place to live for those looking for an affordable housing market. The median value of a house in Rahway is $387,500, which is significantly higher than the US median house value of $338,100. In the past year, the appreciation rate for houses in Rahway has been 10.07%, which is higher than the US 1 year House Appreciation rate of 8.27%. Thus, purchasing a home in Rahway provides a great investment opportunity with potential to increase in value over time.
The median home cost in Rahway is $387,500. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Rahway is up 13.9%.
Average Age of Homes
- The median age of Rahway real estate is 60 years old
The Rental Market in Rahway
- Renters make up 37.4% of the Rahway population
- 1.9% of houses and apartments in Rahway, 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.