Scotch Plains, NJ—07076
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scotch Plains, NJ
As of Oct '25, the median home price in Scotch Plains, NJ is $804,000, with a year-over-year change of 4.0%. This indicates that home prices in Scotch Plains, NJ are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $804,000 | 4.0% |
| Single Family | $829,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $541,000 | 2.3% |
3 Bed | $722,000 | 3.6% |
4 Bed | $967,000 | 4.2% |
| 5 Bed | $1,360,000 | 4.1% |
% of Housing Stock
Rental Trends — Scotch Plains, NJ
As of July '25, Rentcast reports the average rent in Scotch Plains, NJ is $3,340, with a year-over-year rent change of 13.2%. Per bedroom, the median rent as of July '25 in Scotch Plains, NJ is 1-bedrooms: $2,240, 2-bedrooms: $2,980, 3-bedrooms: $4,000, 4-bedrooms: $4,900. The most common rental property sizes in Scotch Plains, NJ are 1-bedroom and 2-bedroom, accounting for 55.0% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $2,240 |
| 2 Bed Rent | $2,500 | $2,980 |
| 3 Bed Rent | $3,800 | $4,000 |
| 4 Bed Rent | $4,900 | $4,900 |
% of Rental Stock
Property Listings — Scotch Plains, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Scotch Plains, NJ is 34. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $899,000 | 0.0% |
Listing Count | 61 | 25.0% |
| Listings as % of Homes | 0.5% | 25.0% |
Days on Market | 34 | 25.0% |
Demographics — Scotch Plains, NJ
As of the latest ACS Survey released in 2023, Scotch Plains, NJ has a population of 24,700, which has increased by 2.3% over the past 5 years. Scotch Plains, NJ is a popular place for families, as children make up 26.4% of the population. The area has a highly educated workforce, with 65.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,700 | 2.3% |
% Under 18 | 26.4% | 16.8% |
% Seniors | 17.4% | 3.0% |
% WFH | 23.6% | 168.2% |
% w/ College Degree | 65.0% | 10.7% |
As of the latest ACS Survey released in 2023, Scotch Plains, NJ is a predominantly white area, with 64.9% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Scotch Plains, NJ is hispanic, making up 12.5% of the population. Foreign-born residents account for 17.4% of the population in Scotch Plains, NJ, and this percentage has increased by 9.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.9% | -7.7% |
% Black | 6.3% | -41.7% |
% Hispanic | 12.5% | 52.4% |
% Asian | 10.9% | 26.7% |
% Foreign Born | 17.4% | 9.4% |
Mortgage and Risk — Scotch Plains, NJ
According to HUD data as of 2023, there were 412 mortgage originations in Scotch Plains, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Scotch Plains, NJ. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 412 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Scotch Plains, NJ
As of 2024, the percent of homes in Scotch Plains, NJ under the Section 8 program is 1.3%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Scotch Plains, NJ, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $2,100 | $2,100 |
| 2 Bedroom | $40 | $2,500 | $2,540 |
| 3 Bedroom | -$600 | $3,800 | $3,200 |
| 4 Bedroom | -$1,260 | $4,900 | $3,640 |
Affordability — Scotch Plains, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $804,000 |
| Median Household Income | $174,000 |