Raritan, NJ is a great place to invest in housing. The median value of a house in Raritan is $550,900, which is significantly higher than the US House Median Value of $338,100. Not only does the median value of housing in Raritan exceed the national average, but it also had a higher appreciation rate over the past year at 11.43%, compared to 8.27% for the entire US. With prices that are already high and promising future returns on investment, investing in housing in Raritan is definitely worth considering.
The median home cost in Raritan township (Hunterdon County) is $550,900. Home appreciation the last 10 years has been 60.6%. Home Appreciation in Raritan township (Hunterdon County) is up 15.5%.
Average Age of Homes
- The median age of Raritan township (Hunterdon County) real estate is 31 years old
The Rental Market in Raritan township (Hunterdon County)
- Renters make up 11.8% of the Raritan township (Hunterdon County) population
- 0.4% of houses and apartments in Raritan township (Hunterdon County), 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.