Middlesex County, New Jersey Housing Market Prices
Middlesex 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.
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Median home price 21% below the New Jersey median$279,129
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Median rent 9% above the New Jersey median Among the 5 most expensive counties in New Jersey$1,871
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Middlesex County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $279,129 | $352,792 | $248,835 |
| Price Trend (Annual %) | 1.8% | 4.4% | 7.5% |
| Median Gross Rent | $1,871 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Middlesex County is about 21% lower than in New Jersey. Rent is about 9% higher 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 Middlesex County, up about 1.8% and 4.4% a year respectively. Rent is changing faster.
Median rent in Middlesex County rose about 44.0% between 2015 and 2024, from $1,299 to $1,871. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Middlesex County.
Buying the median-priced home in Middlesex County costs roughly 12.4 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 Middlesex County. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Middlesex County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $279,129 | $352,792 | $248,835 |
| Median Household Income | $112,064 | $103,817 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Middlesex County rose about 4.9%, while median household income rose about 41.7% 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 | Middlesex County | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.6% | 59.1% | 58.5% |
| Rental Rate | 35.2% | 33.5% | 31.2% |
| Vacancy Rate | 3.2% | 7.5% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Middlesex County has a homeownership rate of 61.6%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 3.2%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Middlesex County | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.75 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1973 | 1968 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Middlesex County was built around 1973. On average, 2.7 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Middlesex County, NJ Housing Compared With Nearby Counties
Middlesex County, NJ is the largest of the 6 counties compared here, 870,701 residents against a local median of 494,794. The measure that sets Middlesex County, NJ apart most is median home price: $279,129, 36% below the local median of $433,523.
The counties themselves spread $305,638 on median home price, so Middlesex County, NJ sits at one end of an already wide local range rather than apart from it. Middlesex County, NJ has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Middlesex County, NJ | 870,701 | $279,129 #5/6 | $1,871 #2/6 | 63.7% #4/6 |
| Somerset County, NJ | 349,714 | $304,018 | $2,033 | 74.3% |
| Union County, NJ | 578,268 | $435,289 | $1,730 | 57.4% |
| Monmouth County, NJ | 645,196 | $433,523 | $1,826 | 75.6% |
| Richmond County, NY | 494,794 | $552,254 | $1,732 | 67.8% |
| Mercer County, NJ | 385,681 | $246,616 | $1,622 | 62.2% |
Frequently Asked Questions
Common questions about the housing market in Middlesex County, New Jersey.
What is the median home price in Middlesex County, New Jersey?
The median home price in Middlesex County, New Jersey is $279,129, lower than the New Jersey average of $352,792.
What is the average home price in Middlesex County, New Jersey?
The typical home price in Middlesex County, New Jersey, reported as the median sale price, is $279,129. 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 Middlesex County, New Jersey?
The median gross rent in Middlesex County, New Jersey is $1,871 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Middlesex County in 2020?
In 2020, the median gross rent in Middlesex County, New Jersey was $1,494 per month.
What is the price-to-rent ratio in Middlesex County, New Jersey?
The price-to-rent ratio in Middlesex County, New Jersey is about 12.4, meaning it would take roughly 12.4 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 Middlesex County.
Are home prices or rent rising faster in Middlesex County, New Jersey?
Both home prices and rent are rising in Middlesex County, up about 1.8% and 4.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Middlesex County, New Jersey?
61.6% of households in Middlesex County, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Middlesex County, New Jersey?
The housing vacancy rate in Middlesex County, New Jersey is 3.2%, lower than the New Jersey average of 7.5%.
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