Raritan, NJ—08869
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Raritan, NJ
As of Oct '25, the median home price in Raritan, NJ is $538,000, with a year-over-year change of 2.3%. This indicates that home prices in Raritan, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $538,000 | 2.3% |
| Single Family | $540,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $525,000 | 3.6% |
4 Bed | $690,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Raritan, NJ
As of July '25, Rentcast reports the average rent in Raritan, NJ is $2,530, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in Raritan, NJ is studios: $1,980, 1-bedrooms: $2,010, 2-bedrooms: $2,650, 3-bedrooms: $2,380, 4-bedrooms: $3,350. The most common rental property sizes in Raritan, NJ are 2-bedroom and 1-bedroom, accounting for 66.5% and 17.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,530 |
| Studio Rent | $1,980 | $1,980 |
| 1 Bed Rent | $1,900 | $2,010 |
| 2 Bed Rent | $2,600 | $2,650 |
| 3 Bed Rent | $2,500 | $2,380 |
| 4 Bed Rent | $3,000 | $3,350 |
% of Rental Stock
Property Listings — Raritan, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Raritan, NJ is 36. This is a increase of 11.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $495,000 | -5.0% |
Listing Count | 14 | 141.0% |
| Listings as % of Homes | 0.3% | 141.0% |
Days on Market | 36 | 11.0% |
Demographics — Raritan, NJ
As of the latest ACS Survey released in 2023, Raritan, NJ has a population of 8,190, which has increased by 5.1% over the past 5 years. Raritan, NJ is a moderately popular place for families, as children make up 15.1% of the population. The area has a moderately educated workforce, with 39.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,190 | 5.1% |
% Under 18 | 15.1% | -22.6% |
% Seniors | 14.0% | -7.3% |
% WFH | 14.1% | 442.3% |
% w/ College Degree | 39.8% | 9.6% |
As of the latest ACS Survey released in 2023, Raritan, NJ is a predominantly white area, with 49.1% of the population identifying as white. The white population has shrunk by 21.7% in the last 5 years. The second most common race or ethnicity in Raritan, NJ is hispanic, making up 21.9% of the population. Foreign-born residents account for 32.5% of the population in Raritan, NJ, and this percentage has increased by 12.5% 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 | 49.1% | -21.7% |
% Black | 3.9% | 116.7% |
% Hispanic | 21.9% | 19.0% |
% Asian | 19.3% | 24.5% |
% Foreign Born | 32.5% | 12.5% |
Mortgage and Risk — Raritan, NJ
According to HUD data as of 2023, there were 65 mortgage originations in Raritan, NJ, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Raritan, NJ. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Raritan, NJ
As of 2024, the percent of homes in Raritan, 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Raritan, 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 | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,900 | $1,750 |
| 2 Bedroom | -$400 | $2,600 | $2,200 |
| 3 Bedroom | $150 | $2,500 | $2,650 |
| 4 Bedroom | -$80 | $3,000 | $2,920 |
Affordability — Raritan, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $538,000 |
| Median Household Income | $104,000 |