Market Snapshot
Chestnut Park, Mercer County, NJ is a neighborhood market with a median home price of $188,721, a median monthly rent of $1,922, a GRM of 8.0x, and a price-to-rent ratio of 8.2.
Chestnut Park, Mercer County, NJ
Median Home Price Price
$188,721 $188.7K
Median Monthly Rent Rent
$1,922 $1.9K
8.0x
Home price / annual rentLog in to save this market to your dashboard.
Comparable Markets
Use related neighborhood markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.
Within Mercer
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Price
$193.7K
Rent
$1.9K
GRM
9.0x
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$193.7K
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$1.9K
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9.0x
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6.0x
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$108.5K
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$1.6K
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6.0x
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$108.5K
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$1.6K
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6.0x
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$58.4K
Rent
$1.2K
GRM
4.0x
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Price
$58.4K
Rent
$1.2K
GRM
4.0x
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Home prices
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Monthly rent
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GRM = home price / annual rent
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Region
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These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.
Home prices
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Monthly rent
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GRM = home price / annual rent
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Region
Show
These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.
Home prices
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Monthly rent
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GRM = home price / annual rent
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Similar markets map
Chestnut Park
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Benchmark comparison
Rent in Chestnut Park, NJ is 2.9% higher than Chambersburg, NJ.
Compare to
Chambersburg, NJ
Chestnut Park, NJ
Chambersburg, NJ
Delta
Median rent
$1,922
$1,867
-$55
Median price
$188,721
$193,682
+$4,961
YoY change
+$315
+$279
-$36
Price-to-rent
8.2x
8.6x
+0.4x
Key takeaways
- Chestnut Park, Mercer County, NJ has a lower-grm screening profile: At 8.0x GRM, current rent may provide stronger support relative to price.
- Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
- Rent momentum is positive, with median rent up about $315 year over year.
- Rent in Chestnut Park, NJ is 2.9% higher than Chambersburg, NJ.