Hunterdon County, New Jersey Housing Market Prices
Hunterdon County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 17% below the New Jersey median$292,762
-
Median rent 2% below the New Jersey median$1,686
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hunterdon County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $292,762 | $352,792 | $248,835 |
| Price Trend (Annual %) | 0.5% | 4.4% | 7.5% |
| Median Gross Rent | $1,686 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hunterdon County is about 17% lower than in New Jersey. Rent is about 2% lower than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hunterdon County, up about 0.5% and 3.2% a year respectively. Rent is changing faster.
Median rent in Hunterdon County rose about 27.0% between 2015 and 2024, from $1,327 to $1,686. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Hunterdon County.
Buying the median-priced home in Hunterdon County costs roughly 14.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hunterdon County. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Hunterdon County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $292,762 | $352,792 | $248,835 |
| Median Household Income | $142,458 | $103,817 | $80,455 |
| Price-to-Income Ratio | 2.1 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hunterdon County rose about 4.0%, while median household income rose about 35.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hunterdon County | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 83.1% | 59.1% | 58.5% |
| Rental Rate | 14.5% | 33.5% | 31.2% |
| Vacancy Rate | 2.4% | 7.5% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Hunterdon County has a homeownership rate of 83.1%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 2.4%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Hunterdon County | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1976 | 1968 | 1978 |
| Median Number of Rooms | 7.1 | 5.7 | 5.5 |
The typical housing unit in Hunterdon County was built around 1976. On average, 2.5 people live in a home with about 7.1 rooms, staying for about 19.0 years on average.
Hunterdon County, NJ Housing Compared With Nearby Counties
Hunterdon County, NJ is the 5th largest of the 6 counties compared here, 130,145 residents against a local median of 349,714. The measure that sets Hunterdon County, NJ apart most is median home price: $292,762, 18% above the local median of $248,394.
The counties themselves spread $90,922 on median home price, so Hunterdon County, NJ sits at one end of an already wide local range rather than apart from it. Hunterdon County, NJ has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hunterdon County, NJ | 130,145 | $292,762 #2/6 | $1,686 #2/6 | 85.1% #1/6 |
| Somerset County, NJ | 349,714 | $304,018 | $2,033 | 74.3% |
| Bucks County, PA | 647,283 | $248,394 | $1,605 | 77.8% |
| Warren County, NJ | 110,807 | $257,078 | $1,409 | 75.1% |
| Mercer County, NJ | 385,681 | $246,616 | $1,622 | 62.2% |
| Northampton County, PA | 318,250 | $213,097 | $1,395 | 71.1% |
Frequently Asked Questions
Common questions about the housing market in Hunterdon County, New Jersey.
What is the median home price in Hunterdon County, New Jersey?
The median home price in Hunterdon County, New Jersey is $292,762, lower than the New Jersey average of $352,792.
What is the average home price in Hunterdon County, New Jersey?
The typical home price in Hunterdon County, New Jersey, reported as the median sale price, is $292,762. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Hunterdon County, New Jersey?
The median gross rent in Hunterdon County, New Jersey is $1,686 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Hunterdon County in 2020?
In 2020, the median gross rent in Hunterdon County, New Jersey was $1,442 per month.
What is the price-to-rent ratio in Hunterdon County, New Jersey?
The price-to-rent ratio in Hunterdon County, New Jersey is about 14.5, meaning it would take roughly 14.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hunterdon County.
Are home prices or rent rising faster in Hunterdon County, New Jersey?
Both home prices and rent are rising in Hunterdon County, up about 0.5% and 3.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Hunterdon County, New Jersey?
83.1% of households in Hunterdon County, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Hunterdon County, New Jersey?
The housing vacancy rate in Hunterdon County, New Jersey is 2.4%, lower than the New Jersey average of 7.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →