Market Summary

Skillman, Somerset County, NJ

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Median Home Price Price

$984,566 $984.6K

Median Monthly Rent Rent

$2,591 $2.6K

GRM

32.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Somerset County

Region Price Rent GRM Display
$963,171 $2,989 27.0x
$657,408 $2,465 22.0x
$1,006,010 $3,484 24.0x
$528,883 $2,685 16.0x
$1,060,225 $2,448 36.0x
$553,569 $2,674 17.0x
$708,553 $2,413 24.0x
$1,338,439 $4,539 25.0x

Home prices

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Monthly rent

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GRM

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Similar markets within NJ outside of Somerset County

Region Price Rent GRM Display
$788,292 $2,462 27.0x
$926,177 $2,873 27.0x
$1,168,526 $4,462 22.0x
$877,558 $2,624 28.0x
$861,813 $2,021 35.0x
$704,389 $2,491 24.0x
$795,152 $2,872 23.0x
$470,819 $2,630 15.0x
$776,375 $2,704 24.0x
$622,380 $2,490 21.0x
$1,076,380 $2,663 34.0x
$1,378,464 $4,510 25.0x
$910,905 $2,404 32.0x
$864,264 $2,969 24.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of NJ

Region Price Rent GRM Display
$566,230 $2,700 17.0x
$553,575 $2,742 17.0x
$698,480 $2,536 23.0x
$1,017,483 $1,864 45.0x
$682,203 $2,731 21.0x
$627,873 $1,770 29.0x
$1,321,875 $2,895 38.0x
$1,045,816 $2,759 31.0x
$706,454 $1,725 34.0x
$1,070,973 $2,940 30.0x
$1,008,566 $2,595 32.0x
$393,885 $1,081 30.0x

Home prices

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Monthly rent

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GRM

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Skillman

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Trend Insights

Median Rent in Skillman, NJ is $2,591, with MoM change +$28 and YoY change +$208 pointing to positive momentum while volatility is low (std $52).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Skillman, NJ.

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Metric
Base market Skillman, NJ
Compare market Select a market
Delta vs base
Median rent
$2,591
N/A
Median price
$984,566
N/A
YoY change
+$208
N/A
Price-to-rent
31.7x
Data unavailable
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