Piscataway, NJ—08854
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Piscataway, NJ
As of Oct '25, the median home price in Piscataway, NJ is $580,000, with a year-over-year change of 4.7%. This indicates that home prices in Piscataway, 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 | $580,000 | 4.7% |
| Single Family | $604,000 | 3.6% |
| Condos | $443,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $441,000 | 3.5% |
3 Bed | $568,000 | 3.8% |
4 Bed | $697,000 | 3.7% |
| 5 Bed | $790,000 | 3.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Piscataway, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Piscataway, NJ is 36. This is a increase of 28.0% 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 | $566,000 | -2.0% |
Listing Count | 147 | 27.0% |
| Listings as % of Homes | 0.5% | 27.0% |
Days on Market | 36 | 28.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Piscataway, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $580,000 |
| Median Household Income | $126,000 |