Market Overview
Home Prices in Rahway, NJ
The median home value in Rahway, NJ is $547,382 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.5% compared to a year ago and up 6.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rahway are priced34% above average. Rahway is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Rahway home values have risen by approximately34.6%, reflecting strong long-term appreciation in this market.
Price History
Rahway Home Price Trend
City Comparison
Rahway vs. National Median
At $547,382, homes in Rahway cost 34% above the national median of $410,000. Buyers in Rahway should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Rahway?
20% Down Payment
$109,476
on $547,382
Monthly P&I
$2,855/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,626/mo
incl. taxes & insurance
Income Needed
$145,040
gross annual (30% rule)
10% Down Option
$54,738
+ PMI applies
Loan Amount (20% dn)
$437,906
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Rahway, NJ?
The median home value in Rahway is $547,382 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.5% year-over-year.
How much have home prices changed in Rahway?
Over the past year, home values in Rahway have decreased by 0.5%. Over five years, prices have risen approximately 34.6%.
How much do I need to earn to buy a home in Rahway?
To comfortably afford the median home price of $547,382 with a 20% down payment ($109,476) at today's rates (6.8%), you'd need a gross annual income of approximately $145,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Rahway compare to the national average home price?
The national median home value is approximately $410,000. At $547,382, homes in Rahway are 34% above the national average.
What metro area is Rahway part of?
Rahway is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.