IndexRahwayNew JerseyNationalMedian home price$265,300$316,400$184,700Median rent asked$1,311$1,213$949Avg. People per household2.72.72.6Owner occupied households59.4%64.1%63.6%Renter occupied households40.6%35.9%36.4%The above shows an overview of the real estate market in Rahway, NJ. Note how the median home price for Rahway, NJ runs $265,300, which is 16% lower than the average property price for New Jersey. So you’re going to get real estate in Rahway, NJ that is on-average more affordable than what you’ll find in the rest of New Jersey.
As for rent, the median for Rahway, NJ runs $1,311, which is comparatively 8% higher than the average rent for New Jersey. For Rahway, NJ, about 59.4% of the population consist of home owners with about 2.7 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Rahway, NJ offers a wide variety of real estate. To find your perfect home in Rahway, NJ, filter your choice by price, location, and number of beds and baths using the search area above. Rahway Home Affordability When deciding where to purchase Rahway, NJ real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Rahway, NJ the median home price is $265,300 and $66,457 is the median household income.
Browse our Rahway, NJ multi-family homes for sale. View property photos and listing details of available homes on the market. Rahway, NJ Multi-Family Homes for Sale & Real Estate - realtor.com®. Browse 5 cheap houses for sale in Rahway, NJ, priced up to $200,000. Find cheap homes and condos for sale, view real estate listing photos, compare properties, and more.
As a result, the home price to income ratio in Rahway, NJ is 4.0x, which is 7% lower than the New Jersey average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Rahway, NJ the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Rahway, NJ. Nearby cities with low home prices.
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Long-established and well-developed, Rahway City features a pleasing balance of commerce, industry, and welcoming neighborhoods. Strong civic pride has resulted in sweeping revitalization, particularly in the downtown retail district. One of the community's jewels is the Union County Arts Center in the restored Rahway Theatre, the cornerstone of the Arts District and a cornerstone of cultural renaissance. Older homes blend with newer construction, while acres of lake and river parkland create a backdrop of scenic beauty.
Local parks include the expansive Rahway River Park. Other recreational amenities close to home include playgrounds, a sports complex, league sports play, a swimming pool, tennis courts, and an active YMCA. Listings in Rahway, NJ 100 Estimated median home price $329,000. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Weichert Realtors are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers.
Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.All information deemed reliable but not guaranteed. Last date updated: 9/20/2019.Source: New Jersey Multiple Listing Service, Inc.© 2019 New Jersey Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the Central Jersey MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. Central Jersey MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided.Copyright 2019, Central Jersey MULTIPLE LISTING SYSTEM, INC. All rights reserved”. “The Central Jersey MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State MultipleListing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.Information deemed reliable but not guaranteed.Copyright © 2019 Garden State Multiple Lis ting Service, L.L.C.
All rights reserved.Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1(n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writingfrom the listing broker.This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose otherthan to identify prospective properties Consumers may be interested in purchasing.