Piscataway, NJ

Population: 58,405
Average annual home appreciation rate: 5.18%
Total of homes for sale in this market: 223
Median home price: $341,901
Median Rent: $1,507 per room
Home price range: 33.50% of homes are between $307,001 – $409,000
Median sales price: $269,500
Number of homes: 356
Median foreclosure sales price: $225,448
Foreclosure discount: 16%
Most common home type: 58.25% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 4.48%
Number of renters: 36.93%
Number of owner occupied: 63.07%
Number people living below poverty level: 6.04%
Unemployment rate: 5.6%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Piscataway area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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