Dunellen, NJ—08812
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dunellen, NJ
As of Oct '25, the median home price in Dunellen, NJ is $572,000, with a year-over-year change of 1.5%. This indicates that home prices in Dunellen, 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 | $572,000 | 1.5% |
| Single Family | $588,000 | 1.4% |
| Condos | $444,000 | -5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $475,000 | 0.8% |
3 Bed | $545,000 | 2.4% |
4 Bed | $688,000 | 2.5% |
| 5 Bed | $1,059,000 | 3.6% |
% of Housing Stock
Rental Trends — Dunellen, NJ
As of July '25, Rentcast reports the average rent in Dunellen, NJ is $2,620, with a year-over-year rent change of -9.3%. Per bedroom, the median rent as of July '25 in Dunellen, NJ is 1-bedrooms: $2,390, 2-bedrooms: $2,670, 3-bedrooms: $2,950. The most common rental property sizes in Dunellen, NJ are 2-bedroom and 3-bedroom, accounting for 34.1% and 20.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,380 | $2,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,280 | $2,390 |
| 2 Bed Rent | $2,800 | $2,670 |
| 3 Bed Rent | $2,800 | $2,950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dunellen, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Dunellen, NJ is 29. This is a decrease of -40.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $579,000 | -8.0% |
Listing Count | 61 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 29 | -40.0% |
Demographics — Dunellen, NJ
As of the latest ACS Survey released in 2023, Dunellen, NJ has a population of 14,200, which has decreased by -1.7% over the past 5 years. Dunellen, NJ is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | -1.7% |
% Under 18 | 21.7% | -11.8% |
% Seniors | 14.2% | 11.8% |
% WFH | 12.9% | 148.1% |
% w/ College Degree | 41.7% | -1.7% |
As of the latest ACS Survey released in 2023, Dunellen, NJ is a predominantly white area, with 44.0% of the population identifying as white. The white population has shrunk by 18.2% in the last 5 years. The second most common race or ethnicity in Dunellen, NJ is hispanic, making up 33.1% of the population. Foreign-born residents account for 34.4% of the population in Dunellen, NJ, and this percentage has increased by 38.2% 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 | 44.0% | -18.2% |
% Black | 3.7% | -61.1% |
% Hispanic | 33.1% | 50.5% |
% Asian | 16.6% | 15.3% |
% Foreign Born | 34.4% | 38.2% |
Mortgage and Risk — Dunellen, NJ
According to HUD data as of 2023, there were 262 mortgage originations in Dunellen, NJ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Dunellen, NJ. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 262 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Dunellen, NJ
Dunellen, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$550 | $2,280 | $1,730 |
| 2 Bedroom | -$630 | $2,800 | $2,170 |
| 3 Bedroom | -$180 | $2,800 | $2,620 |
| 4 Bedroom | N/A | N/A | $2,880 |
Affordability — Dunellen, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $572,000 |
| Median Household Income | $120,000 |