Roselle, New Jersey Housing Market Prices
Roselle 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 28% above the New Jersey median$450,000
-
Median rent 9% below the New Jersey median$1,565
Housing Market Overview
| Metric | Roselle | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $352,792 | $248,835 |
| Price Trend (Annual %) | 9.9% | 4.4% | 7.5% |
| Median Gross Rent | $1,565 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Roselle is about 28% higher than in New Jersey. Rent is about 9% 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 Roselle, up about 9.9% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Roselle rose about 44.3% between 2015 and 2024, from $1,085 to $1,565. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Roselle.
Buying the median-priced home in Roselle costs roughly 24.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Roselle. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Roselle | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $352,792 | $248,835 |
| Median Household Income | $91,958 | $103,817 | $80,455 |
| Price-to-Income Ratio | 4.9 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Roselle rose about 150.1%, while median household income rose about 31.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Roselle | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.0% | 59.1% | 58.5% |
| Rental Rate | 43.8% | 33.5% | 31.2% |
| Vacancy Rate | 3.2% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Roselle has a homeownership rate of 53.0%, lower 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 | Roselle | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1961 | 1968 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Roselle was built around 1961. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Roselle, NJ Housing Compared With Nearby Cities
How Roselle, NJ compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Roselle, NJ | 22,520 | $450,000 #1/2 | $1,565 #2/2 | 54.8% #2/2 |
| Linden, NJ | 44,201 | $48,655 | $1,731 | 59.4% |
Frequently Asked Questions
Common questions about the housing market in Roselle, New Jersey.
What is the median home price in Roselle, New Jersey?
The median home price in Roselle, New Jersey is $450,000, higher than the New Jersey average of $352,792.
What is the average home price in Roselle, New Jersey?
The typical home price in Roselle, New Jersey, reported as the median sale price, is $450,000. 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 Roselle, New Jersey?
The median gross rent in Roselle, New Jersey is $1,565 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Roselle in 2020?
In 2020, the median gross rent in Roselle, New Jersey was $1,191 per month.
What is the price-to-rent ratio in Roselle, New Jersey?
The price-to-rent ratio in Roselle, New Jersey is about 24.0, meaning it would take roughly 24.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Roselle.
Are home prices or rent rising faster in Roselle, New Jersey?
Both home prices and rent are rising in Roselle, up about 9.9% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Roselle, New Jersey?
53.0% of households in Roselle, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Roselle, New Jersey?
The housing vacancy rate in Roselle, New Jersey is 3.2%, 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 →