Rahway, NJ—07065
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rahway, NJ
As of Oct '25, the median home price in Rahway, NJ is $529,000, with a year-over-year change of 4.3%. This indicates that home prices in Rahway, NJ are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $529,000 | 4.3% |
| Single Family | $535,000 | 3.3% |
| Condos | $372,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $427,000 | 1.7% |
3 Bed | $532,000 | 2.9% |
4 Bed | $589,000 | 2.3% |
| 5 Bed | $653,000 | 2.5% |
% of Housing Stock
Rental Trends — Rahway, NJ
As of July '25, Rentcast reports the average rent in Rahway, NJ is $2,580, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Rahway, NJ is studios: $1,360, 1-bedrooms: $2,040, 2-bedrooms: $2,440, 3-bedrooms: $3,300, 4-bedrooms: $3,280. The most common rental property sizes in Rahway, NJ are 2-bedroom and 1-bedroom, accounting for 38.8% and 38.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,580 |
| Studio Rent | $1,100 | $1,360 |
| 1 Bed Rent | $1,970 | $2,040 |
| 2 Bed Rent | $2,300 | $2,440 |
| 3 Bed Rent | $3,150 | $3,300 |
| 4 Bed Rent | $3,300 | $3,280 |
% of Rental Stock
Property Listings — Rahway, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Rahway, NJ is 39. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $537,000 | 4.0% |
Listing Count | 80 | 32.0% |
| Listings as % of Homes | 0.5% | 32.0% |
Days on Market | 39 | -14.0% |
Demographics — Rahway, NJ
As of the latest ACS Survey released in 2023, Rahway, NJ has a population of 29,700, which has increased by 1.3% over the past 5 years. Rahway, NJ is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 35.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,700 | 1.3% |
% Under 18 | 20.6% | 1.5% |
% Seniors | 15.8% | 22.5% |
% WFH | 14.7% | 444.4% |
% w/ College Degree | 35.6% | 25.4% |
As of the latest ACS Survey released in 2023, Rahway, NJ is a predominantly black area, with 31.3% of the population identifying as black. The black population has grown by 6.5% in the last 5 years. The second most common race or ethnicity in Rahway, NJ is hispanic, making up 28.2% of the population. Foreign-born residents account for 22.5% of the population in Rahway, NJ, and this percentage has decreased by 13.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 28.0% | -16.2% |
% Black | 31.3% | 6.5% |
% Hispanic | 28.2% | -13.0% |
% Asian | 7.1% | 136.7% |
% Foreign Born | 22.5% | -13.5% |
Mortgage and Risk — Rahway, NJ
According to HUD data as of 2023, there were 407 mortgage originations in Rahway, NJ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Rahway, NJ. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 407 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Rahway, NJ
As of 2024, the percent of homes in Rahway, NJ under the Section 8 program is 8.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Rahway, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 843 |
Total Units Section 8 | 516 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 94.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,970 | $1,830 |
| 2 Bedroom | -$80 | $2,300 | $2,220 |
| 3 Bedroom | -$350 | $3,150 | $2,800 |
| 4 Bedroom | -$120 | $3,300 | $3,180 |
Affordability — Rahway, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $529,000 |
| Median Household Income | $90,900 |