Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 60,366 people, 17,160 houses or apartments, and a median cost of homes of $599,694, real estate costs in Piscataway are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.
Single-family detached homes are the single most common housing type in Piscataway, accounting for 57.45% of the township's housing units. Other types of housing that are prevalent in Piscataway include large apartment complexes or high rise apartments ( 24.84%), row houses and other attached homes ( 9.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.39%).
The most prevalent building size and type in Piscataway are three and four bedroom dwellings, chiefly found in single-family detached homes. The township has a mixture of owners and renters, with 55.68% owning and 44.32% renting.
There is a lot of housing in Piscataway built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Piscataway built between 1940-1969 ( 40.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.67%). There's also some housing in Piscataway built before 1939 ( 5.03%).
Real estate appreciation rates in Piscataway's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.43% during the period.
Appreciation rates are so strong in Piscataway that despite a nationwide downturn in the housing market, Piscataway real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Piscataway appreciation rates continue to be some of the highest in America, at 12.37%, which is higher than appreciation rates in 94.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Piscataway. Piscataway appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that Piscataway's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the township. Individual neighborhoods within Piscataway differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Piscataway - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Piscataway real estate investment or home purchase decisions.
$599,694
for New jersey
for nation
17,160
$3,893 / per month