Metuchen, NJ—08840
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Metuchen, NJ
As of Oct '25, the median home price in Metuchen, NJ is $666,000, with a year-over-year change of 6.0%. This indicates that home prices in Metuchen, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $666,000 | 6.0% |
| Single Family | $693,000 | 5.5% |
| Condos | $399,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $469,000 | 5.6% |
3 Bed | $697,000 | 6.2% |
4 Bed | $834,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Metuchen, NJ
As of July '25, Rentcast reports the average rent in Metuchen, NJ is $2,850, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Metuchen, NJ is 1-bedrooms: $2,330, 2-bedrooms: $2,680, 3-bedrooms: $3,180, 4-bedrooms: $4,380. The most common rental property sizes in Metuchen, NJ are 1-bedroom and 2-bedroom, accounting for 50.1% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,350 | $2,330 |
| 2 Bed Rent | $2,600 | $2,680 |
| 3 Bed Rent | $2,700 | $3,180 |
| 4 Bed Rent | $4,250 | $4,380 |
% of Rental Stock
Property Listings — Metuchen, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Metuchen, NJ is 45. This is a increase of 30.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $724,000 | 8.0% |
Listing Count | 44 | 18.0% |
| Listings as % of Homes | 0.3% | 18.0% |
Days on Market | 45 | 30.0% |
Demographics — Metuchen, NJ
As of the latest ACS Survey released in 2023, Metuchen, NJ has a population of 17,900, which has increased by 9.4% over the past 5 years. Metuchen, NJ is a popular place for families, as children make up 26.4% of the population. The area has a highly educated workforce, with 62.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | 9.4% |
% Under 18 | 26.4% | 13.8% |
% Seniors | 15.5% | -3.7% |
% WFH | 21.3% | 309.6% |
% w/ College Degree | 62.0% | 5.6% |
As of the latest ACS Survey released in 2023, Metuchen, NJ is a predominantly white area, with 56.8% of the population identifying as white. The white population has shrunk by 11.7% in the last 5 years. The second most common race or ethnicity in Metuchen, NJ is asian, making up 18.9% of the population. Foreign-born residents account for 21.5% of the population in Metuchen, NJ, and this percentage has decreased by 7.3% 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 | 56.8% | -11.7% |
% Black | 5.6% | -9.7% |
% Hispanic | 10.5% | 29.6% |
% Asian | 18.9% | 0.0% |
% Foreign Born | 21.5% | -7.3% |
Mortgage and Risk — Metuchen, NJ
According to HUD data as of 2023, there were 226 mortgage originations in Metuchen, NJ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Metuchen, NJ. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 226 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Metuchen, NJ
As of 2024, the percent of homes in Metuchen, NJ under the Section 8 program is 9.2%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Metuchen, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 138 |
Total Units Section 8 | 138 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$340 | $2,350 | $2,010 |
| 2 Bedroom | -$70 | $2,600 | $2,530 |
| 3 Bedroom | $350 | $2,700 | $3,050 |
| 4 Bedroom | -$900 | $4,250 | $3,350 |
Affordability — Metuchen, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $666,000 |
| Median Household Income | $151,000 |