Market Overview
Home Prices in Raritan, NJ
The median home value in Raritan, NJ is $562,271 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Raritan are priced37% above average. Raritan is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Raritan home values have risen by approximately29.8%, reflecting strong long-term appreciation in this market.
Price History
Raritan Home Price Trend
City Comparison
Raritan vs. National Median
At $562,271, homes in Raritan cost 37% above the national median of $410,000. Buyers in Raritan should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Raritan?
20% Down Payment
$112,454
on $562,271
Monthly P&I
$2,932/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,724/mo
incl. taxes & insurance
Income Needed
$148,960
gross annual (30% rule)
10% Down Option
$56,227
+ PMI applies
Loan Amount (20% dn)
$449,817
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 Raritan, NJ?
The median home value in Raritan is $562,271 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Raritan?
Over the past year, home values in Raritan have increased by 2.1%. Over five years, prices have risen approximately 29.8%.
How much do I need to earn to buy a home in Raritan?
To comfortably afford the median home price of $562,271 with a 20% down payment ($112,454) at today's rates (6.8%), you'd need a gross annual income of approximately $148,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Raritan compare to the national average home price?
The national median home value is approximately $410,000. At $562,271, homes in Raritan are 37% above the national average.
What metro area is Raritan part of?
Raritan 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.