Warren County, New Jersey Housing Market Prices
Warren 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 27% below the New Jersey median$257,078
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Median rent 18% below the New Jersey median Cheaper than 75% of counties in New Jersey$1,409
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Warren County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $257,078 | $352,792 | $248,835 |
| Price Trend (Annual %) | 6.4% | 4.4% | 7.5% |
| Median Gross Rent | $1,409 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Warren County is about 27% lower than in New Jersey. Rent is about 18% 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 Warren County, up about 6.4% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Warren County rose about 39.1% between 2015 and 2024, from $1,013 to $1,409. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Warren County.
Buying the median-priced home in Warren County costs roughly 15.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Warren County. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Warren County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $257,078 | $352,792 | $248,835 |
| Median Household Income | $100,835 | $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 Warren County rose about 21.8%, while median household income rose about 37.3% 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 | Warren County | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.8% | 59.1% | 58.5% |
| Rental Rate | 24.2% | 33.5% | 31.2% |
| Vacancy Rate | 3.0% | 7.5% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Warren County has a homeownership rate of 72.8%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 3.0%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Warren County | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1968 | 1968 | 1978 |
| Median Number of Rooms | 6.3 | 5.7 | 5.5 |
The typical housing unit in Warren County was built around 1968. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 18.0 years on average.
Warren County, NJ Housing Compared With Nearby Counties
Warren County, NJ is the smallest of the 6 counties compared here, 110,807 residents against a local median of 167,515. Nothing separates Warren County, NJ sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median rent, 11% below the local median at $1,409 against $1,585. Warren County, NJ has the 4th highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Warren County, NJ | 110,807 | $257,078 #3/6 | $1,409 #4/6 | 75.1% #4/6 |
| Hunterdon County, NJ | 130,145 | $292,762 | $1,686 | 85.1% |
| Northampton County, PA | 318,250 | $213,097 | $1,395 | 71.1% |
| Monroe County, PA | 167,515 | $233,093 | $1,392 | 80.2% |
| Sussex County, NJ | 145,409 | $215,788 | $1,585 | 83.8% |
| Morris County, NJ | 514,287 | $539,796 | $1,903 | 74.3% |
Frequently Asked Questions
Common questions about the housing market in Warren County, New Jersey.
What is the median home price in Warren County, New Jersey?
The median home price in Warren County, New Jersey is $257,078, lower than the New Jersey average of $352,792.
What is the average home price in Warren County, New Jersey?
The typical home price in Warren County, New Jersey, reported as the median sale price, is $257,078. 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 Warren County, New Jersey?
The median gross rent in Warren County, New Jersey is $1,409 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Warren County in 2020?
In 2020, the median gross rent in Warren County, New Jersey was $1,128 per month.
What is the price-to-rent ratio in Warren County, New Jersey?
The price-to-rent ratio in Warren County, New Jersey is about 15.2, meaning it would take roughly 15.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Warren County.
Are home prices or rent rising faster in Warren County, New Jersey?
Both home prices and rent are rising in Warren County, up about 6.4% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Warren County, New Jersey?
72.8% of households in Warren County, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Warren County, New Jersey?
The housing vacancy rate in Warren County, New Jersey is 3.0%, lower than the New Jersey average of 7.5%.
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