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These days, finding an affordable place to live in the Rahway area can be challenging. Home prices in Rahway are now at a median cost of $379,099, lower than the New Jersey average of $496,577.
The average cost of rent is $2,014/mo in Rahway, primarily driven by the current value of real estate in the Rahway area. In Rahway, 47.69% of households rent, and 28.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rahway is $8,093 per month. Households that rent pay about 24.89% of their income on rent here. Rahway’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Clark, NJ: higher priced homes
- Avenel, NJ: equally priced homes
- Colonia, NJ: higher priced homes
- Linden, NJ: higher priced homes
- Iselin, NJ: equally priced homes
- Port Reading, NJ: higher priced homes
- Roselle, NJ: equally priced homes
- Carteret, NJ: equally priced homes
- Cranford, NJ: higher priced homes
- Woodbridge, NJ: equally priced homes
Cities with Similar Populations
- Geneva, IL: higher priced homes
- Hixson, TN: less expensive homes
- Hillsborough, NC: higher priced homes
- Hermiston, OR: less expensive homes
- Haymarket, VA: higher priced homes
- Hackettstown, NJ: equally priced homes
- Gulf Breeze, FL: higher priced homes
- Graham, NC: less expensive homes
- Gloucester, MA: higher priced homes
- Glen Cove, NY: higher priced homes
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