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These days, finding an affordable place to live in the Raritan area can be challenging. Home prices in Raritan are now at a median cost of $454,865, lower than the New Jersey average of $496,577.
The average cost of rent is $2,057/mo in Raritan, primarily driven by the current value of real estate in the Raritan area. In Raritan, 50.29% of households rent, and 35.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Raritan is $8,997 per month. Households that rent pay about 22.86% of their income on rent here. Raritan’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Somerville, NJ: equally priced homes
- Bradley Gardens, NJ: higher priced homes
- Green Knoll, NJ: higher priced homes
- Bridgewater, NJ: higher priced homes
- Finderne, NJ: less expensive homes
- Manville, NJ: less expensive homes
- North Branch Depot, NJ: higher priced homes
- Zarephath, NJ: higher priced homes
- Flagtown, NJ: higher priced homes
- Martinsville, NJ: higher priced homes
Cities with Similar Populations
- Basehor, KS: less expensive homes
- Atkinson, NH: higher priced homes
- Atlanta, TX: less expensive homes
- Atlantic Highlands, NJ: higher priced homes
- Bumpass, VA: less expensive homes
- Auburndale, MA: higher priced homes
- Audubon, NJ: less expensive homes
- August, CA: less expensive homes
- West Point, GA: less expensive homes
- Aurora, IN: less expensive homes
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