Raritan, NJ 08869 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Raritan, NJ—08869

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$528,000

2.1% YoY Growth

Household Income

$104,000

32.3% YoY Growth

Days on Market

45.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$2,550

2.8% YoY Growth

1-Bed Rent

$1,900

16.9% YoY Growth

2-Bed Rent

$2,600

4.3% YoY Growth

3-Bed Rent

$2,500

9.2% YoY Growth

Home Price Trends — Raritan, NJ

As of Dec '25, the median home price in Raritan, NJ is $528,000, with a year-over-year change of 2.1%. 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	$528,000	2.1%
Single Family	$530,000	2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.5%

1 Bedroom

17.8%

2 Bedrooms

66.5%

3 Bedrooms

10.4%

4 Bedrooms

1.9%

Property Listings — Raritan, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Raritan, NJ is 37. This is a increase of 5.0% 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	$687,000	26.0%
Listing Count	10	76.0%
Listings as % of Homes	0.3%	76.0%
Days on Market	78	45.0%

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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%

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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%

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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%

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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

Raritan, NJ—08869

Key Metrics at a Glance

Home Price Trends — Raritan, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Raritan, NJ

% of Rental Stock

Property Listings — Raritan, NJ

Demographics — Raritan, NJ

Race and Ethnicity

Mortgage and Risk — Raritan, NJ

Mortgages

Rentals and Section 8 — Raritan, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Raritan, NJ

Home Price to Income Ratio

Raritan, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Bridgewater Township, NJ

Somerville, NJ

Manville, NJ

Flagtown

Hillsborough Township, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$528,000
Median Household Income	$104,000

Raritan, NJ—08869

Key Metrics at a Glance

Home Price Trends — Raritan, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Raritan, NJ

% of Rental Stock

Property Listings — Raritan, NJ

Demographics — Raritan, NJ

Race and Ethnicity

Mortgage and Risk — Raritan, NJ

Mortgages

Rentals and Section 8 — Raritan, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Raritan, NJ

Home Price to Income Ratio

Raritan, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Bridgewater Township, NJ

Somerville, NJ

Manville, NJ

Flagtown

Hillsborough Township, NJ

Frequently Asked Questions

What is the average home price in Raritan, NJ 08869?

How have home prices in Raritan, NJ 08869 changed over the past year?

What is the home price projection for Raritan, NJ 08869?

What are the demographics of Raritan, NJ 08869?

How long does it take homes to sell in Raritan, NJ 08869?

What is the average rent price in Raritan, NJ 08869?