Piscataway, NJ 08854 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Piscataway, NJ—08854

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$598,000

2.9% YoY Growth

Household Income

$126,000

35.1% YoY Growth

Days on Market

0.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$2,800

0.3% YoY Growth

1-Bed Rent

$1,940

2.9% YoY Growth

2-Bed Rent

$2,600

0.4% YoY Growth

3-Bed Rent

$3,400

2.1% YoY Growth

Home Price Trends — Piscataway, NJ

As of May '26, the median home price in Piscataway, NJ is $598,000, with a year-over-year change of 2.9%. This indicates that home prices in Piscataway, NJ are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$598,000	2.9%
Single Family	$624,000	2.8%
Condos	$449,000	0.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Piscataway, NJ

As of July '25, Rentcast reports the average rent in Piscataway, NJ is $2,880, with a year-over-year rent change of 0.3%. Per bedroom, the median rent as of July '25 in Piscataway, NJ is studios: $2,010, 1-bedrooms: $1,990, 2-bedrooms: $2,710, 3-bedrooms: $3,310, 4-bedrooms: $3,910. The most common rental property sizes in Piscataway, NJ are 2-bedroom and 1-bedroom, accounting for 47.1% and 35.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,800	$2,880
Studio Rent	$2,220	$2,010
1 Bed Rent	$1,940	$1,990
2 Bed Rent	$2,600	$2,710
3 Bed Rent	$3,400	$3,310
4 Bed Rent	$3,800	$3,910

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% of Rental Stock

Studio

2.1%

1 Bedroom

35.9%

2 Bedrooms

47.1%

3 Bedrooms

11.4%

4 Bedrooms

1.4%

5+ Bedrooms

2.1%

Property Listings — Piscataway, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Piscataway, NJ is 23. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$562,000	7.0%
Listing Count	139	8.0%
Listings as % of Homes	0.5%	8.0%
Days on Market	23	0.0%

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Demographics — Piscataway, NJ

As of the latest ACS Survey released in 2023, Piscataway, NJ has a population of 60,400, which has increased by 6.1% over the past 5 years. Piscataway, NJ is a moderately popular place for families, as children make up 17.6% of the population. The area has a highly educated workforce, with 49.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	60,400	6.1%
% Under 18	17.6%	6.7%
% Seniors	12.4%	12.7%
% WFH	15.1%	277.5%
% w/ College Degree	49.8%	-2.9%

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As of the latest ACS Survey released in 2023, Piscataway, NJ is a predominantly asian area, with 32.9% of the population identifying as asian. The asian population has shrunk by 14.8% in the last 5 years. The second most common race or ethnicity in Piscataway, NJ is white, making up 30.0% of the population. Foreign-born residents account for 35.2% of the population in Piscataway, NJ, and this percentage has increased by 9.0% 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	30.0%	11.5%
% Black	20.4%	1.5%
% Hispanic	14.3%	17.2%
% Asian	32.9%	-14.8%
% Foreign Born	35.2%	9.0%

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Mortgage and Risk — Piscataway, NJ

According to HUD data as of 2023, there were 659 mortgage originations in Piscataway, NJ, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Piscataway, NJ. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	659
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Piscataway, NJ

As of 2024, the percent of homes in Piscataway, NJ under the Section 8 program is 2.5%. 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 Piscataway, 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	150
Total Units Section 8	145
% Rentals under Section 8	2.5%
% Occupied Section 8	95.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$180	$1,940	$1,760
2 Bedroom	-$390	$2,600	$2,210
3 Bedroom	-$740	$3,400	$2,660
4 Bedroom	-$870	$3,800	$2,930

Piscataway, NJ—08854

Key Metrics at a Glance

Home Price Trends — Piscataway, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Piscataway, NJ

% of Rental Stock

Property Listings — Piscataway, NJ

Demographics — Piscataway, NJ

Race and Ethnicity

Mortgage and Risk — Piscataway, NJ

Mortgages

Rentals and Section 8 — Piscataway, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Piscataway, NJ

Home Price to Income Ratio

Piscataway, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Middlesex, NJ

South Plainfield, NJ

Dunellen, NJ

Highland Park, NJ

Plainfield, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$598,000
Median Household Income	$126,000

Piscataway, NJ—08854

Key Metrics at a Glance

Home Price Trends — Piscataway, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Piscataway, NJ

% of Rental Stock

Property Listings — Piscataway, NJ

Demographics — Piscataway, NJ

Race and Ethnicity

Mortgage and Risk — Piscataway, NJ

Mortgages

Rentals and Section 8 — Piscataway, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Piscataway, NJ

Home Price to Income Ratio

Piscataway, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Middlesex, NJ

South Plainfield, NJ

Dunellen, NJ

Highland Park, NJ

Plainfield, NJ

Frequently Asked Questions

What is the average home price in Piscataway, NJ 08854?

How have home prices in Piscataway, NJ 08854 changed over the past year?

What is the home price projection for Piscataway, NJ 08854?

What are the demographics of Piscataway, NJ 08854?

How long does it take homes to sell in Piscataway, NJ 08854?

What is the average rent price in Piscataway, NJ 08854?