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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Piscataway, NJ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Piscataway, NJ Housing Market Trends

With 60,366 people, 17,160 houses or apartments, and a median cost of homes of $525,359, real estate costs in Piscataway are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Piscataway, accounting for 57.45% of the township's housing units. Other types of housing that are prevalent in Piscataway include large apartment complexes or high rise apartments ( 24.84%), row houses and other attached homes ( 9.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.39%).

The most prevalent building size and type in Piscataway are three and four bedroom dwellings, chiefly found in single-family detached homes. The township has a mixture of owners and renters, with 55.68% owning and 44.32% renting.

There is a lot of housing in Piscataway built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Piscataway built between 1940-1969 ( 40.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.67%). There's also some housing in Piscataway built before 1939 ( 5.03%).

Piscataway Home Appreciation Rates

Piscataway's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Piscataway during the period has been just 5.32%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Piscataway's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Piscataway's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New Jersey, our data show that Piscataway's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the township. Individual neighborhoods within Piscataway differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Piscataway - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Piscataway real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$525,359

Piscataway, NJ Home Prices
> $1,264,000
$948,001 - $1,264,000
$632,001 - $948,000
$506,001 - $632,000
$379,001 - $506,000
$253,001 - $379,000
$126,001 - $253,000
$63,001 - $126,000
$0 - $63,000
0.7%
0.7%
2.1%
2.1%
21.0%
21.0%
31.4%
31.4%
30.1%
30.1%
11.7%
11.7%
1.6%
1.6%
0.7%
0.7%
0.7%
0.7%
0% 100.0%
% of Homes
Average

for New jersey

Very High

for nation

Number of Homes And Apartments:

17,160

Piscataway Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,703 / per month

Homeownership Rate

Owners
Renters
55.7%
55.7%
44.3%
44.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.6%
3.6%
96.4%
96.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.7%
12.7%
42.0%
42.0%
40.3%
40.3%
5.0%
5.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.5%
57.5%
9.2%
9.2%
8.4%
8.4%
24.8%
24.8%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
13.9%
13.9%
24.9%
24.9%
33.3%
33.3%
20.0%
20.0%
6.5%
6.5%
0% 100.0%
% of Homes