Market Summary

Scotch Plains, Union County, NJ

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Median Home Price Price

$776,375 $776.4K

Median Monthly Rent Rent

$2,704 $2.7K

GRM

24.0x

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
$888,600 $2,822 26.0x
$1,164,767 $2,995 32.0x
$747,336 $3,172 20.0x

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
$902,803 $2,952 25.0x
$1,378,464 $4,510 25.0x
$840,383 $2,927 24.0x
$795,152 $2,872 23.0x
$1,338,439 $4,539 25.0x
$950,091 $3,993 20.0x
$706,603 $2,982 20.0x
$1,006,010 $3,484 24.0x
$788,292 $2,462 27.0x
$877,558 $2,624 28.0x
$701,473 $2,125 28.0x
$703,964 $2,767 21.0x
$614,548 $2,643 19.0x
$1,055,770 $2,760 32.0x
$984,566 $2,591 32.0x
$1,029,590 $4,452 19.0x
$864,264 $2,969 24.0x
$592,804 $1,949 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
$925,080 $4,390 18.0x
$494,294 $2,816 15.0x
$887,358 $2,381 31.0x
$951,223 $2,966 27.0x
$1,545,741 $2,969 43.0x
$904,201 $2,127 35.0x
$873,660 $2,025 36.0x
$435,099 $2,970 12.0x
$408,678 $1,521 22.0x
$665,618 $2,888 19.0x
$935,323 $3,858 20.0x
$1,258,740 $2,963 35.0x
$714,146 $2,272 26.0x
$619,281 $2,652 19.0x
$976,926 $3,254 25.0x
$2,156,124 $2,906 62.0x
$933,960 $2,793 28.0x

Home prices

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Monthly rent

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GRM

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Scotch Plains

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Trend Insights

Median Rent in Scotch Plains, NJ is $2,704, with MoM change +$33 and YoY change +$292 pointing to positive momentum while volatility is low (std $78).

Benchmark Markets Side by Side

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

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Metric
Base market Scotch Plains, NJ
Compare market Select a market
Delta vs base
Median rent
$2,704
N/A
Median price
$776,375
N/A
YoY change
+$292
N/A
Price-to-rent
23.9x
Data unavailable
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