Scotch Plains, NJ 07076 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Scotch Plains, NJ—07076

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$803,000

4.0% YoY Growth

Household Income

$174,000

34.8% YoY Growth

Days on Market

3.0% Shorter YoY

Home Price Forecast

2.2%

Median Rent

$3,400

13.2% YoY Growth

1-Bed Rent

$2,100

20.4% YoY Growth

2-Bed Rent

$2,500

13.7% YoY Growth

3-Bed Rent

$3,800

21.6% YoY Growth

Home Price Trends — Scotch Plains, NJ

As of Dec '25, the median home price in Scotch Plains, NJ is $803,000, 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 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$803,000	4.0%
Single Family	$827,000	4.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

7.4%

1 Bedroom

55.0%

2 Bedrooms

23.4%

3 Bedrooms

13.3%

4 Bedrooms

1.0%

Property Listings — Scotch Plains, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Scotch Plains, NJ is 34. This is a increase of 19.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$894,000	21.0%
Listing Count	48	24.0%
Listings as % of Homes	0.5%	24.0%
Days on Market	43	-3.0%

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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%

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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%

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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%

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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

Scotch Plains, NJ—07076

Key Metrics at a Glance

Home Price Trends — Scotch Plains, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Scotch Plains, NJ

% of Rental Stock

Property Listings — Scotch Plains, NJ

Demographics — Scotch Plains, NJ

Race and Ethnicity

Mortgage and Risk — Scotch Plains, NJ

Mortgages

Rentals and Section 8 — Scotch Plains, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Scotch Plains, NJ

Home Price to Income Ratio

Scotch Plains, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Fanwood, NJ

Plainfield, NJ

Westfield, NJ

Mountainside, NJ

Plainfield, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$803,000
Median Household Income	$174,000

Scotch Plains, NJ—07076

Key Metrics at a Glance

Home Price Trends — Scotch Plains, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Scotch Plains, NJ

% of Rental Stock

Property Listings — Scotch Plains, NJ

Demographics — Scotch Plains, NJ

Race and Ethnicity

Mortgage and Risk — Scotch Plains, NJ

Mortgages

Rentals and Section 8 — Scotch Plains, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Scotch Plains, NJ

Home Price to Income Ratio

Scotch Plains, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Fanwood, NJ

Plainfield, NJ

Westfield, NJ

Mountainside, NJ

Plainfield, NJ

Frequently Asked Questions

What is the average home price in Scotch Plains, NJ 07076?

How have home prices in Scotch Plains, NJ 07076 changed over the past year?

What is the home price projection for Scotch Plains, NJ 07076?

What are the demographics of Scotch Plains, NJ 07076?

How long does it take homes to sell in Scotch Plains, NJ 07076?

What is the average rent price in Scotch Plains, NJ 07076?