Market Summary

New Providence, Union County, NJ

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Median Home Price Price

$921,093 $921.1K

Median Monthly Rent Rent

$2,575 $2.6K

GRM

30.0x

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
Berkeley Heights
$888,600 $2,822 26.0x
Scotch Plains
$776,375 $2,704 24.0x
Westfield
$1,164,767 $2,995 32.0x

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
Wayne, Passaic County, NJ
$701,668 $2,753 21.0x
Holmdel Township, Monmouth County, NJ
$1,013,443 $2,406 35.0x
Warren Township, Somerset County, NJ
$1,060,225 $2,448 36.0x
Skillman, Somerset County, NJ
$984,566 $2,591 32.0x
Glen Rock, Bergen County, NJ
$968,032 $2,481 32.0x
Avenel, Middlesex County, NJ
$514,006 $2,441 18.0x
Atlantic Highlands, Monmouth County, NJ
$780,640 $2,494 26.0x
Pine Brook, Morris County, NJ
$864,264 $2,969 24.0x
North Brunswick, Middlesex County, NJ
$527,240 $2,716 16.0x
Watchung, Somerset County, NJ
$1,006,010 $3,484 24.0x
Florham Park, Morris County, NJ
$950,091 $3,993 20.0x
Woodcliff Lake, Bergen County, NJ
$1,148,667 $2,417 40.0x
Millstone Township, Monmouth County, NJ
$874,718 $2,343 31.0x
Carteret, Middlesex County, NJ
$525,905 $2,633 17.0x
Tenafly, Bergen County, NJ
$1,168,526 $4,462 22.0x
Highland Park, Middlesex County, NJ
$554,968 $2,412 19.0x
Madison, Morris County, NJ
$957,569 $2,833 28.0x
Dunellen, Middlesex County, NJ
$511,974 $2,436 18.0x
Morristown, Morris County, NJ
$840,383 $2,927 24.0x
Point Pleasant, Ocean County, NJ
$675,354 $2,431 23.0x
Piscataway, Middlesex County, NJ
$573,477 $2,630 18.0x
Bernardsville, Somerset County, NJ
$963,171 $2,989 27.0x
Manasquan, Monmouth County, NJ
$1,076,380 $2,663 34.0x
Edison, Middlesex County, NJ
$614,548 $2,643 19.0x
Somerville, Somerset County, NJ
$521,668 $2,411 18.0x
Fair Haven, Monmouth County, NJ
$1,378,464 $4,510 25.0x
Oradell, Bergen County, NJ
$902,803 $2,952 25.0x
Bridgewater Township, Somerset County, NJ
$708,553 $2,413 24.0x
Ramsey, Bergen County, NJ
$795,152 $2,872 23.0x
Little Silver, Monmouth County, NJ
$1,029,590 $4,452 19.0x

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
Norwalk, Fairfield County, CT
$619,281 $2,652 19.0x
Bloomfield, Hartford County, CT
$339,097 $2,458 11.0x
West Hartford, Hartford County, CT
$458,301 $2,463 16.0x
Naperville, DuPage County, IL
$575,901 $2,521 19.0x
Westwood, Norfolk County, MA
$1,158,165 $3,225 30.0x
Weston, Middlesex County, MA
$2,062,203 $2,641 65.0x
Harpers Ferry, Jefferson County, WV
$375,208 $1,462 21.0x
Bayport, Suffolk County, NY
$719,243 $2,903 21.0x
Norwell, Plymouth County, MA
$976,700 $2,793 29.0x
Melrose, Middlesex County, MA
$853,801 $2,436 29.0x
Lookout Mountain, Hamilton County, TN
$966,026 $1,832 44.0x
Cohasset, Norfolk County, MA
$1,333,625 $3,454 32.0x
Long Grove, Lake County, IL
$874,282 $1,879 39.0x
Buffalo Grove, Lake County, IL
$413,419 $2,566 13.0x

Home prices

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Monthly rent

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GRM

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New Providence

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Trend Insights

Median Rent in New Providence, NJ is $2,575, with MoM change +$29 and YoY change +$257 pointing to positive momentum while volatility is low (std $68).

Benchmark Markets Side by Side

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

Skip the spreadsheet work. Search a market to see side-by-side deltas.
Metric
Base market New Providence, NJ
Compare market Select a market
Delta vs base
Median rent
$2,575
N/A
—
Median price
$921,093
N/A
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YoY change
+$257
N/A
—
Price-to-rent
29.8x
Data unavailable
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