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Advertise here →Raritan, NJ · Market Data
Raritan, New Jersey real estate market data.
Real estate market data for Raritan, NJ (Somerset County) — Census median home value $449,200, county listing prices down about 3.6% over the past year.
Raritan, NJ is in Somerset County, New Jersey — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 8,192, with a median household income of $103,699. Census data puts Raritan's median home value at $449,200 (all owner-occupied homes); Somerset County's current median listing price runs $669,950, down about 3.6% over the past year.
At a glance
Raritan market snapshot
Population
8,192
Median Household Income
$103,699
Median Home Value (city)
$449,200
Median Listing Price (Somerset County)
$669,950
Median Gross Rent
$1,927/mo
Price Trend (YoY)
-3.6%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Raritan different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Raritan's median home value — across all owner-occupied homes, not just recent sales — at $449,200. Separately, Somerset County's current median listing price (via Realtor.com data, 2026-06-01) runs $669,950. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Somerset County's FHFA house price index shows a 6.3% annual change in 2025.
Population & Income
Raritan has an estimated population of 8,192 and a median household income of $103,699, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Raritan's Census-reported median home value works out to about 4.3x the area's median household income, and median gross rent runs roughly 22% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Raritan FAQ
What are home values like in Raritan, NJ?
The Census Bureau's American Community Survey puts Raritan's median home value at $449,200. Somerset County's current median listing price runs $669,950, down about 3.6% over the past year.
What is the population of Raritan, NJ?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Raritan's population at approximately 8,192.
What's the median rent in Raritan, NJ?
The Census ACS estimates median gross rent in Raritan at approximately $1,927 per month.
What is the median household income in Raritan, NJ?
Census ACS data puts the median household income in Raritan at approximately $103,699.
Is the Raritan housing market growing?
Somerset County's FHFA house price index shows a 6.3% annual change in 2025.
Is Raritan, NJ affordable relative to income?
Census ACS data puts Raritan's median home value at about 4.3 times the median household income, with median gross rent equal to roughly 22% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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