Rahway, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rahway Neighborhoods Since 2000




Rahway, NJ Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Rahway Housing Market Information

With a population of 29,508, 10,858 total housing units (homes and apartments), and a median house value of $256,737, Rahway real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rahway, accounting for 49.74% of the city's housing units. Other types of housing that are prevalent in Rahway include large apartment complexes or high rise apartments ( 25.26%), duplexes, homes converted to apartments or other small apartment buildings ( 17.84%), and a few row houses and other attached homes ( 6.77%).

The most prevalent building size and type in Rahway are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.51% owning and 42.49% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rahway's housing was primarily built during this period, from the '40s through the '60s. A full 44.06% of the city's housing hails from this era. Other housing ages represented in Rahway include homes built before 1939 ( 23.73%) and housing constructed between 1970-1999 ( 17.64%). There's also some housing in Rahway built between 2000 and later ( 14.57%).

Rahway Home Appreciation Rates

Homes have actually lost value in Rahway over the last then years, as home values have seen a decline of 25.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rahway home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Rahway's appreciation rate, at 3.80%, has been at or slightly above the national average. In the latest quarter, Rahway's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Rahway's latest annual appreciation rate is higher than 60% 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 city. Individual neighborhoods within Rahway differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rahway - 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 Rahway real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$256,737

Rahway, NJ HOME PRICES

Value Range
> $1,073,000 0.6
$805,001 - $1,073,000 0.0
$536,001 - $805,000 2.6
$429,001 - $536,000 5.3
$322,001 - $429,000 26.0
$215,001 - $322,000 42.4
$107,001 - $215,000 18.5
$53,001 - $107,000 1.7
$0 - $53,000 3.0

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
21.5340442986054 76.4227642276423

Number Of Homes And Apartments:
10,858

Rahway Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
45.86% 2.21% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,719 / per month

Homeownership Rate

Homeownership
Owners 57.51
Renters 42.49
Vacant 9.53

Housing Market Details

 

Age of Homes

AGE OF Rahway HOMES
2000 or Newer 14.6
1970 - 1999 17.6
1940 - 1969 44.1
1939 or Older 23.7

Types of Homes

TYPE OF Rahway HOMES
Single-Family 49.7
Townhomes 6.8
Small Apt. Buildings 17.8
Apt. Complexes 25.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Rahway HOMES
No Bedroom 4.12
1 Bedroom 17.26
2 Bedrooms 25.30
3 Bedrooms 39.51
4 Bedrooms 11.03
5 or more bedrooms 2.77