Metuchen, NJ housing market
The typical Metuchen home is worth about $688,000, up 2.4% in a year, 19% above the New Jersey typical home. Homes typically sell in 49 days, a little above asking.
Home values, sales, trends and how Metuchen compares with the towns next door — updated as new data is published.
Metuchen at a glance
A seller's market
Supply is tight — about 3.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Metuchen | New Jersey |
|---|---|---|
| 2017 | $387,000 | $317,000 |
| 2018 | $398,000 | $330,000 |
| 2019 | $402,000 | $343,000 |
| 2020 | $427,000 | $358,000 |
| 2021 | $457,000 | $394,000 |
| 2022 | $500,000 | $441,000 |
| 2023 | $529,000 | $471,000 |
| 2024 | $587,000 | $511,000 |
| 2025 | $663,000 | $551,000 |
| 2026 | $684,000 | $568,000 |
| August 2026 | $688,000 | $580,000 |
6 new homes permitted in 2025
Builders were permitted 6 new homes in Metuchen in 2025, all single-family houses, worth about $2.3 million to build. That's 0.4 per 1,000 residents, slower than across New Jersey (3.1). Over the past 10 years, Metuchen has permitted 750 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Metuchen gained 1,475 residents while 686 new homes were permitted: about 2.2 new residents per new home. Building and growth moved roughly in step. Across New Jersey: 2 new residents per new home.
How Metuchen ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 15 | 8 | 7 | $3 million |
| 2025 | 6 | 6 | 0 | $2.3 million |
| 2024 | 294 | 2 | 292 | $38.4 million |
| 2023 | 5 | 5 | 0 | $1 million |
| 2022 | 8 | 8 | 0 | $3.2 million |
| 2021 | 28 | 13 | 15 | $4.4 million |
| 2020 | 26 | 14 | 12 | $3.8 million |
| 2019 | 15 | 15 | 0 | $4.4 million |
| 2018 | 29 | 25 | 4 | $6.1 million |
| 2017 | 210 | 18 | 192 | $9.8 million |
| 2016 | 129 | 18 | 111 | $10.1 million |
| 2015 | 227 | 16 | 211 | $5.8 million |
| 2014 | 19 | 19 | 0 | $3.8 million |
| 2013 | 19 | 19 | 0 | $3.7 million |
| 2012 | 7 | 7 | 0 | $1.4 million |
| 2011 | 7 | 7 | 0 | $922,000 |
| 2010 | 24 | 21 | 3 | $1.9 million |
| 2009 | 7 | 7 | 0 | $1 million |
| 2008 | 4 | 4 | 0 | $684,000 |
| 2007 | 11 | 9 | 2 | $1.4 million |
| 2006 | 9 | 9 | 0 | $1.9 million |
| 2005 | 14 | 12 | 2 | $2.4 million |
| 2004 | 41 | 23 | 18 | $4.1 million |
| 2003 | 41 | 16 | 25 | $4 million |
| 2002 | 22 | 14 | 8 | $2.3 million |
| 2001 | 7 | 7 | 0 | $661,000 |
| 2000 | 58 | 58 | 0 | $3.2 million |
How Metuchen ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.4 years of income
The typical Metuchen home costs about 4.4 years of the town's median household income, less than across New Jersey (5.6 years).
How Metuchen ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,840
HUD's Fair Market Rent for a two-bedroom in Metuchen is $2,840 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Metuchen pay a median of $2,078, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $2,060 · 4 bedrooms $3,770
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (08840; Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.