What is the median home value in Raritan Township, NJ?

The median value of owner-occupied homes in Raritan Township, NJ is $564,300 (±$21,410), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Raritan Township, the median home value went from $438,000 in 2015–2019 to $564,300 in 2020–2024 (+28.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

Median home value
$564,300 (±$21,410)
Owner-occupied homes
8,321 (±375)
Most common range
$500,000 to $999,999

Home values in Raritan Township

Owner-occupied homes by value, 2020–2024
ValueRaritan TownshipHunterdon CountyNew JerseyUnited States
Less than $50,0000.6% (±0.6 points)1.3%2.5%5.3%
$50,000 to $99,9990.0% (±0.5 points)0.4%1.8%6.1%
$100,000 to $149,9990.0% (±0.5 points)0.5%2.2%6.8%
$150,000 to $199,9991.9% (±1.4 points)2.3%4.3%9.0%
$200,000 to $299,9997.2% (±2.3 points)8.7%12.9%17.8%
$300,000 to $499,99929.6% (±4.1 points)34.5%34.2%26.9%
$500,000 to $999,99957.0% (±4.4 points)46.5%34.5%20.9%
$1,000,000 or more3.9% (±1.3 points)5.9%7.6%7.1%

The most common range is $500,000 to $999,999, 57.0% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Raritan Township against Hunterdon County, its state and the nation

Estimate (90% margin of error)
Raritan TownshipHunterdon CountyNew JerseyUnited States
Median home value$564,300 (±$21,410)$517,200 (±$12,844)$454,400 (±$1,150)$332,700
Owner-occupied homes8,321 (±375)43,302 (±559)2,239,128 (±10,678)84,210,142

In Raritan Township, the median home value is higher than in Hunterdon County ($517,200).

It is also higher than in New Jersey ($454,400).

It is higher than the national figure ($332,700).

In Hunterdon County, Raritan Township ranks 5 of 26 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 178 of 561.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Raritan Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$438,000 (±$13,072)$564,300 (±$21,410)+28.8%Up after inflation
Median owner cost with a mortgage$3,097 (±$148)$3,107 (±$175)+0.3%Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Raritan Township

Nearest places with a published estimate, compared with Raritan Township
PlaceDistanceMedian home valueCompared with this place
Raritan Township—$564,300 (±$21,410)—
Franklin Township (Hunterdon County)2.4 mi$513,300 (±$58,704)Not measurably different
Flemington Borough3.3 mi$400,600 (±$29,557)Lower
Clinton Township5.9 mi$582,900 (±$20,290)Not measurably different
Clinton Town6.3 mi$436,200 (±$23,982)Lower
Annandale6.9 mi$504,900 (±$58,195)Not measurably different
Union Township (Hunterdon County)6.9 mi$416,600 (±$70,833)Lower
Readington Township7.1 mi$549,100 (±$22,997)Not measurably different
Lebanon Borough7.3 mi$374,400 (±$35,442)Lower

Nearby places with a measurably lower figure: Flemington Borough, NJ ($400,600), Clinton Town, NJ ($436,200), Union Township (Hunterdon County), NJ ($416,600).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Hunterdon County, place by place

RankPlaceMedian home value
1Tewksbury Township$795,400 (±$82,088)
2Delaware Township$637,700 (±$86,152)
3West Amwell Township$596,900 (±$56,402)
4Clinton Township$582,900 (±$20,290)
5Raritan Township$564,300 (±$21,410)
6Lambertville$562,300 (±$51,113)
7Alexandria Township$552,000 (±$48,058)
8Readington Township$549,100 (±$22,997)
9Franklin Township (Hunterdon County)$513,300 (±$58,704)
10East Amwell Township$503,900 (±$49,379)
11Bethlehem Township$496,600 (±$40,873)

Showing 11 of 26 places in Hunterdon County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Raritan Township

What is the average home value in Raritan Township, NJ?

The Census Bureau publishes the median: $564,300 (±$21,410) for owner-occupied homes in Raritan Township (2020–2024 American Community Survey).

Have home values in Raritan Township gone up?

In Raritan Township, the median home value went from $438,000 in 2015–2019 to $564,300 in 2020–2024 (+28.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Raritan Township sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Raritan township, Hunterdon County, New Jersey (county subdivision:61920, in state:34 county:019).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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