Market Summary

Berkeley Heights, Union County, NJ

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Median Home Price Price

$888,600 $888.6K

Median Monthly Rent Rent

$2,822 $2.8K

GRM

26.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Union County

Region Price Rent GRM Display
$921,093 $2,575 30.0x
$776,375 $2,704 24.0x

Home prices

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Monthly rent

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GRM

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Similar markets within NJ outside of Union County

Region Price Rent GRM Display
$1,076,380 $2,663 34.0x
$793,758 $2,885 23.0x
$984,566 $2,591 32.0x
$840,383 $2,927 24.0x
$1,168,526 $4,462 22.0x
$864,264 $2,969 24.0x
$877,558 $2,624 28.0x
$954,226 $3,194 25.0x
$910,905 $2,404 32.0x
$926,177 $2,873 27.0x
$1,029,590 $4,452 19.0x
$902,803 $2,952 25.0x
$795,152 $2,872 23.0x
$698,516 $2,321 25.0x
$861,813 $2,021 35.0x
$1,378,464 $4,510 25.0x
$1,006,010 $3,484 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 outside of NJ

Region Price Rent GRM Display
$600,333 $2,848 18.0x
$1,321,875 $2,895 38.0x
$654,251 $2,834 19.0x
$1,017,483 $1,864 45.0x
$599,419 $2,939 17.0x
$587,028 $2,931 17.0x
$806,503 $2,990 22.0x
$1,687,120 $2,875 49.0x
$636,231 $3,027 18.0x
$997,525 $2,572 32.0x
$693,960 $2,944 20.0x
$627,873 $1,770 29.0x
$686,101 $2,882 20.0x
$517,452 $2,935 15.0x

Home prices

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Monthly rent

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GRM

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Berkeley Heights

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Trend Insights

Median Rent in Berkeley Heights, NJ is $2,822, with MoM change +$31 and YoY change +$245 pointing to positive momentum while volatility is low (std $63).

Benchmark Markets Side by Side

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

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Metric
Base market Berkeley Heights, NJ
Compare market Select a market
Delta vs base
Median rent
$2,822
N/A
Median price
$888,600
N/A
YoY change
+$245
N/A
Price-to-rent
26.2x
Data unavailable
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